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Personal Taxation

Fidescorp Limited > Publications > Personal Taxation

Non-domiciled Cyprus tax resident individuals may be exempt from taxation in Cyprus on their worldwide income from dividends, capital gains, interest and rent (foreign taxes may apply).

In light of the shifting international tax landscape and the challenges ahead, 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’ tax system is probably the best amongst the EU states, offering tremendous structuring opportunities both for individuals as well as for corporations. For individuals, the introduction of the concept of non-domiciled tax residents is a rare opportunity to take on tax residency in the country and benefit from a blend of tax exemptions on their worldwide income.

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