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expatriates Tag

Apr 19 2019

The Cyprus Non-Domicile concept for tax purposes

As part of the overall effort to continuously improve and simplify the Cyprus tax system as well as to remain a highly compliant and attractive jurisdiction, various new bills have been passed into new laws in July 2015. Amongst these, there has been the introduction of the concept of Non-Domiciled individuals for tax purposes. The main aim of introducing the Non-Domicile concept is to constitute Cyprus as a prime choice of destination for persons (both EU and non-EU) wishing to move their personal tax residency in another country. The non-domicile concept offers...

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