In light of the shifting international tax landscape and the challenges raised, businesses and HNWI are focusing on streamlining their operations, asset base and tax residency, cautiously considering the jurisdictions that offer them the most optimized and efficient status.

Cyprus’ strategic location, EU and Eurozone membership, stable and well tested legal system based on UK Common Law, advantageous corporate and personal income tax system, well-educated workforce and business-friendly environment make Cyprus an ideal country for businesses to establish their base and HNWI to relocate.

The Government of the Republic of Cyprus has put forward a set of ambitious measures, aiming to attract both businesses and HNWI. Below, we present an overview of Cyprus’ personal tax regime as well as the key tax benefits provided to expatriate individuals relocating to Cyprus.

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