Cyprus has been a member of the European Union since 2004 and
adopted the euro in 2008. Its strategic location has made it a
prominent business hub for organisations around the world. The
country is known for its well-educated workforce, good business
infrastructure and availability of investment opportunities in
sectors such as shipping, energy and real estate.
All of this, along with the benefits of a great lifestyle, make
the country hugely attractive for high-net-worth individuals and
top calibre employees to work and settle with their families.
Cyprus also offers a number of tax incentives to high-net-worth
individuals who want to relocate there.
Cyprus tax residents
Any individual can qualify as a tax resident of Cyprus if they
are physically present in the country for over 183 days in total
during a calendar year (tax year).
