Ayia Napa, Cyprus
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Residency Programs (2)
Cyprus offers 2 residency programs allowing you to legally move to and live in the country.
Cost of Life
Taxation overview
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Tax system
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Non-domiciled taxation
Countries with a non-domiciled (or "Non-Dom") taxation system apply different taxation rules whether you are domiciled or non-domiciled resident:
- If domiciled resident, you pay income tax on your worldwide revenues (similar to residence-based taxation).
- If non-domiciled resident, you only pay income tax on your local revenues (similar to territorial taxation)
The definition of domiciled vs non-domiciled is specific to each country. The general approach is that your domicile is the country you are born in and your parents have lived in.
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Tax summary
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Coming soon.