Taxes
Non-Dom residents are exempt from the Special Defence Contribution (SDC) for 17 years, resulting in 0% tax on worldwide dividends and 0% tax on passive interest. Employment salary remains subject to ordinary income tax.
Which taxes are exempt for Non-Domicile tax residents in Cyprus?
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Related questions
Taxes
How does the 60-day Cyprus tax residency rule work?
To qualify under the 60-day rule in a calendar year, you must: (1) spend at least 60 days in Cyprus, (2) not spend more than 183 days in any single other country, (3) not be a tax resident elsewhere, and (4) maintain a permanent home in Cyprus plus employment, business, or directorship in a Cyprus tax-resident company.
Residency & Visas
How much income and bank balance are required for a Cyprus Visitor Permit (Pink Slip)?
You must prove an ongoing foreign income of at least €24,000/year (€2,000/month) for the main applicant (+20% spouse, +15% per child) remitted into a Cyprus bank. An additional balance of around €10,000 plus a €550 bank guarantee per person is standard.
Housing
How much deposit does the EAC electricity authority require from foreign residents?
When transferring the electricity meter into a foreign tenant's name, the Electricity Authority of Cyprus (EAC) requires a refundable deposit between €350 and €500. It is refunded to your bank account upon lease termination.
Banking
Can you live comfortably in Cyprus using only Revolut or Wise?
Yes, Revolut and Wise with European IBANs cover 95% of daily needs including supermarkets, dining, and utility payments (EAC electricity, water, municipal fees) through the JCCsmart payment gateway. Local bank accounts are mainly required for certain residency visas or property purchases.
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