Cyprus: Tax rules for individuals and businesses relocating to Cyprus
Overview of Cyprus's residency pathways, corporate tax benefits, and individual tax incentives for relocating businesses and individuals.
The KPMG member firm in Cyprus has published a guide detailing the various tax rules for individuals and businesses relocating to the country.
The publication provides an overview of the corporate tax system, including the 15% corporate tax rate on trading profits and the income tax treaty network to address double taxation, covering more than 60 countries. Additionally, the guide outlines individual income tax rates, tax residency rules under the 183-day and 60-day rules, non-domicile rules exempting certain individuals from the special defence contribution (SDC), first-time employment exemption, and contributions for social insurance and the national health insurance system (NHIS).