Tax exempt non-Cyprus domiciled individuals

As of 16 July 2015, any person who is a NON-Cyprus tax resident and becomes a tax resident in Cyprus in 2015 and onwards, he/she is considered as a Non-Cyprus domiciled individual and he/she is eligible to the following exemptions according to the amendments to the Cyprus Personal Tax Law. These exemptions apply for the first 17 years he/she is considered as a Cyprus Tax Resident.

  1. Any dividend income from a Cyprus company or foreign company will be exempt from 17% special defence contribution tax
  2. Any “passive” interest income earned will be exempt from 30% special defence contribution tax
  3. Any rental income (from premises situated in Cyprus or abroad) will be exempt from 3% (on the 75% of the rental income) special defence contribution tax *
  4. We have a team of expert tax advisors and lawyers to provide you specific advice in relation to the non-domiciled tax residents in Cyprus.

*For rental income, whether Cyprus or foreign sourced, Cyprus tax resident individuals who have non-dom status are now only subject to income tax on rental income.

FastCo provides you with specialized tailored solutions. Our team is comprised of professionals who are fully qualified in their field of expertise. We are a trusted provider of corporate services including:

1. Provision of fiduciary services

2. Opening of corporate bank accounts

3. Management and administration of companies

4. Audit

5. Tax planning

6. Accounting

7. Company registration

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