60-day Rule vs 183-day Rule In Cyprus

In Cyprus, there are two key residency rules that determine an individual's tax residency status: the 183-day rule and the 60-day rule.

1. **183-Day Rule**: According to the 183-day rule, an individual is considered a tax resident in Cyprus if they spend more than 183 days in total within a tax year (January 1st to December 31st) in Cyprus. This includes both days of arrival and departure.
2. **60-Day Rule**: The 60-day rule is an additional provision introduced in Cyprus's tax legislation to attract high-net-worth individuals to become tax residents in Cyprus. According to this rule, an individual who does not meet the 183-day rule can still be considered a tax resident if they satisfy the following conditions: