Non – Domicile Application – What The Applicant Should Know When Applying?

Non domiciled status enable the person to worldwide tax free dividends (as Cyprus is concerned)

Benefits when becoming a non-Domicile

Cyprus is a country that can provide to foreigners a lot of benefits such as wild nature for exploration, good life and even exemptions in taxes if they need to invest and start operations such as incorporating a new company or becoming self-employed. The main benefits a non-domicile person can enjoy are as per below:

• 60-days rule or 183-days rule

According to the Cyprus tax laws, an individual who wants to become a non-domiciled tax resident, needs to reside in Cyprus for 183 days in one calendar year or not reside in a different country for more than 183 days and reside in Cyprus at least for 60 days in a row will be exempted from the Special Defence Contribution ('SDC').