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HISTORY

Due to the fact that Cyprus is part of the EU and is very strategically located at the crossroads of 3 continents, the Immigration permit for Investors in line with the provisions of Regulation 6(2) of the Aliens and Immigration Regulations is a very attractive immigration option allowing the applicant and his/her family the choice to have an alternative permanent residence in Cyprus indefinitely and offering them a safe and stable permanent alternative.

Why Exactly is the Cyprus Immigration permit for Investors so popular?

My wife and I own and operate  a growing video game studio together and are considering moving ourselves and our business to Cyprus  for a mixture of tax and lifestyle reasons.

Non-Domiciled Rule. What does it mean for me? 

The non-domiciled rule is a clever tax law which was introduced by the Cyprus Income Tax office few years ago and it is a tax status for individuals who have not been living in Cyprus 12 out of the last 20 years. 

Benefits of this tax status? 

Individuals who are living in Cyprus and are tax residents but not domiciled are not subject to special defense tax which applies to dividend income, interest income and rental income.  

Therefore, an individual with worldwide dividend income is entitled to tax free dividends 

That’s a great question and the answer depends on who the recipient of the dividends is! 

The easier way to look at it is if you are not living in Cyprus your dividends will be 100% tax free. However, this changes when the shareholders reside in Cyprus!