Cyprus — Taxes

A favourable non-dom regime Cyprus is a long-standing base for internationally mobile capital. Under its non-domiciled regime, new tax-residents pay no tax on dividends and interest for seventeen years. There is no inheritance tax, and no capital gains tax except on Cyprus-situated real estate. Corporate tax is 12.5%, and personal income tax is progressive to 35% with a generous tax-free band.

The status is permanent residence, not a passport The investment route grants lifelong EU permanent residence for 300,000 EUR (plus VAT) in an eligible asset — usually new residential property — plus proof of 50,000 EUR a year in foreign income. The presence rule is light: one visit every two years.

Do not confuse it with the old passport programme Cyprus closed its citizenship-by-investment programme in 2020 after EU scrutiny. This is residence only. And because Cyprus is not in the Schengen area, the permit does not grant Schengen free movement — a real difference from some other EU golden visas.

Residency, tax residence and duties elsewhere Becoming a Cyprus tax-resident turns on presence (including the 60-day rule for some) and ties, not on merely holding the permit, and the permit does not remove obligations to a country that taxes on citizenship, such as the United States. Compare Cyprus with the golden visas of Greece and Portugal and the zero-tax option of the UAE, read our residency hub and tax hub, and see how each figure is checked in our methodology.