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ARTICLE · 21 DECEMBER 2017

Tax Residency Amendment

Soteris Pittas & Co L.L.C
Soteris Pittas & Co L.L.C
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Soteris Pittas & Co L.L.C

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The Parliament of Cyprus has approved on the 14th of July 2017 a bill which grants tax residence status to persons who have spent at least 60 days in Cyprus per year (effective as from the 1st...

CyprusTax
Nada Starovlah
Nada Starovlah
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The Parliament of Cyprus has approved on the 14th of July 2017 a bill which grants tax residence status to persons who have spent at least 60 days in Cyprus per year (effective as from the 1st of January 2017) provided that the following conditions are met:

Conditions to be fulfilled

The individual

  1. Remains in the Republic of Cyprus for at least 60 days during the tax year in question and
  2. Is not a tax resident in another state and
  3. Does not reside in any other single state for a period which exceeds 183 days and
  4. (iv)Carries out business activities in Cyprus and/or works in Cyprus and/or is a director in a Company that is tax resident in Cyprus at any time of the tax year in question and

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