As mentioned above Cyprus is an ideal place of residence not only for non-EU nationals wishing to access the EU but also for EU nationals themselves wishing to benefit from the highly competitive system of taxation for non-domiciled residents.
- 50% Exemption from Personal Income Tax when income received exceeds EUR 100,000 per annum.
- New Non-Dom status excluding non-domiciled residents from Special Defense Contribution (Tax imposed in dividends, interests and rental income).
- 100% Exemption from Capital Gains Tax for immovable property purchased until 31 December 2016.
- 50% Exemption on transfer fees payable upon the purchase of immovable property.