Relocation intelligence

🇨🇾 Moving to Cyprus: tax, residency and cost of living

Non-dom + low corporate tax

Thinking of moving to Cyprus? Here is the tax, residency, property and quality-of-life picture in plain numbers, with sources.

Key facts

Top income tax
35%
Corporate tax
12.5%
Capital gains
20%
Wealth tax
No
Inheritance tax
No
Cost of living index
59
Safety
8/10
Internet quality
6/10
Visa-free destinations
175
Foreigners can own property
Yes
Residency in
0 months
Citizenship in
0 years

Taxes

Cyprus offers a non-domiciled regime exempting dividends and interest income from all taxation for up to 17 years. Corporate tax is 12.5%, among the lowest in the EU. There is no wealth or inheritance tax.

Residency and visas

EU citizens can settle in Cyprus without restrictions. Non-EU nationals can apply for residency via Category F or a digital nomad permit. Permanent residency is available after five years of legal residence.

Property ownership

EU citizens may purchase property in Cyprus without restriction. Non-EU buyers require Council of Ministers approval for a second property, though this is routinely granted in practice. Inheritance follows primarily local law.

Cost of living and quality of life

Cyprus enjoys a Mediterranean climate with over 300 sunny days per year. Healthcare is adequate but less developed than Western Europe; English is widely spoken. Cost of living is below the EU average.

Passport and mobility

The Cypriot passport grants visa-free access to approximately 175 destinations including the full Schengen zone and the US. Cyprus is an EU member, guaranteeing full freedom of movement within the EU.

Residency and visas

  • EU Freedom of Movement Registration · Residency in 5 years
  • Category F Alien Registration Certificate · €9,568/j · Residency in 5 years
  • Cyprus Digital Nomad Visa · €3,500/j · Residency in 5 years
  • Cyprus Investment-based Residency (PRP) · €300,000

Why people move to Cyprus

  • Non-dom tax exemption

    New residents not previously domiciled in Cyprus enjoy 17 years of full exemption on dividends and interest income under the Cyprus Tax Department's non-dom regime.

  • EU membership and visa-free travel

    As an EU member state, Cyprus provides access to the single market, free movement of persons, and a passport granting access to approximately 175 countries including the Schengen zone.

  • Lowest corporate tax rate in the EU

    The 12.5% corporate tax rate makes Cyprus attractive for entrepreneurs and holding companies. There is also no withholding tax on dividends paid to non-residents.

See how Cyprus scores for your situation

Get your personal Freedom Score and a full relocation comparison based on your income, family and goals.

Calculate my score

Sources

Other destinations

AndorraUnited Arab EmiratesAfghanistanAntigua & BarbudaAnguillaAlbaniaArmeniaAngolaArgentinaAmerican SamoaAustriaAustralia