Welcome to a Business Friendly Destination

Cyprus is an excellent destination for entrepreneurs, traders and financially independent individuals and their families from across the European Union. The island offers real business opportunities and low tax rates. This page explains who would benefit most from moving to Cyprus. It covers tax rules, daily life, pros and cons, schools, language, cost of living, steps to moving there and how our Full-Service Package helps you through the whole process.

Table of Contents

• What Makes Cyprus the Right Choice for Your Future
• As an Entrepreneur in Cyprus
• As a Trader in Cyprus
• As a Financially Independent Person (FIP) in Cyprus
• Benefits for Employees in Cyprus
• The Tax Advantages of a Move to Cyprus
• Quality of Life and Lifestyle When You Relocate to Cyprus
• Move to Cyprus: Pros and Cons
• Moving to Cyprus with Children
• Language
• Cost of Living in Cyprus
• Requirements to Relocate to Cyprus
• Our Move to Cyprus Team

As an Entrepreneur in Cyprus

Moving to Cyprus is the best option for entrepreneurs from across the European Union. The Cyprus government is committed to attracting international investment and new business. The Non-Dom Regime is the key here. It will give you tax benefits that are second to none.

Cyprus sits where Europe, Asia and Africa meet. This strong location is good for international business. Many international companies already have their base here, so the business environment is busy and truly international.

As a Financially Independent Person (FIP) in Cyprus

For financially independent persons (FIPs), living in Cyprus under the Non-Dom Regime it can bring large tax benefits. Non-Dom Status usually lets you receive capital gains and dividends free of Cyprus tax for at least 17 years. After the 2026 tax reform, you can also extend Non-Dom Status two more times, by five years each, for a fee.

This makes Cyprus an attractive destination for wealthy individuals seeking to reduce their tax burden and enjoy a high standard of living.

The Tax Advantages of a Move to Cyprus

Low personal income tax

If your yearly income is up to EUR 22,000, you pay no personal income tax. Above this level, the rates rise step by step and are still low by international standards.

Cyprus Non-Dom Status

If you become a tax resident of Cyprus and apply for Non-Dom Status, you can be exempt from tax on dividends, interest and other foreign income, among other things. Digital nomads can use these benefits too. The 60-day rule is one feature that makes Cyprus Non-Dom Status stand out.

Low corporate income tax and a strong treaty network

Cyprus offers a competitive corporate income tax rate of 15 percent, one of the most favourable rates in the EU. No trade tax or special levies are applied. Cyprus also has a wide network of double tax treaties across the EU and beyond, which can bring further tax advantages for companies and people.

Cyprus tax calculator

Use our Cyprus tax calculator to work out your tax and compare your options using real figures.

Relocating to Cyprus: Pros and Cons

Advantages of a move to Cyprus

• Cyprus Non-Dom Privileges, with tax exemption on dividends, interest and other local and foreign income.
• A corporate income tax rate of 15 percent.
• No trade tax and no special levies.
• A wide network of double tax treaties across the EU and beyond.
• A high standard of living and a safe place to live.
• A reasonable cost of living by European standards.
• Strong infrastructure and a pleasant climate.

Things to consider before you relocate to Cyprus

• Higher prices in tourist areas and along the coast.
• Summer temperatures often go above 30 degrees Celsius, but if you are used to it you will not want to miss it.
• Some products have to be imported.
• Public transport is more limited than in some Central European countries; Cyprus has no railway network.

If you move to Cyprus, you gain many of the island's advantages, including tax advantages and a high standard of living. It is advisable to consider the points mentioned above to make an informed decision..

Language

If you're thinking of moving to Cyprus, there's no need to worry about speaking Greek. Cyprus was British until 1960, so English is spoken everywhere.

Requirements to Relocate to Cyprus

The process for EU citizens and citizens of the European Economic Area (EEA, including Iceland, Liechtenstein, Norway and Switzerland) is clear and fairly simple.

As an EU or EEA citizen, you can enter Cyprus without a visa and stay for up to three months. During this time you can work without a work permit, though you'll need to register for tax, Social Insurance and GESY.

If you want to stay longer than three months, you need to apply for a registration certificate for EU citizens, known as the Yellow Slip. You generally need this document to live and work legally in Cyprus.

What the Yellow Slip allows you to do

• The right to live in Cyprus on a long-term basis.
• The right to work in Cyprus, for example through your own company.
• The ability to take out health insurance for you and your family, register a vehicle, and enroll your children in school, among other things.

You apply for the Yellow Slip at the Cyprus immigration authorities. You need to provide a few supporting documents, including:

• Valid passport or national ID card: proof of who you are and your citizenship.
• Proof of employment or self-employment (an employment contract or evidence of self-employment).

It is best to apply for the Yellow Slip in good time, to avoid legal and financial problems. Without the document, your rights can be limited and you may face extra costs.

Cyprus is a stable, supportive place for EU and EEA citizens who want to make it their new home. The clear process and the efficient authorities help make the move as smooth as possible.