CYPRUS TAX FREEDOM UNLOCKED: Explore the perks of non-dom status

Cyprus is not only a yearly round holiday destination, the European island offers many tax advantages that can enhance investment returns and promote wealth

preservation for international investors and expatriates.

The Non-Domicile status is a special tax residency in Cyprus that provides significant

tax advantages. It is available to individuals who have not resided on the island for 17 out

of the last 20 years, and which requires you to spend more than 183 days per year in the

country or follow the 60-day rule under specified conditions. The 60-day rule allows

individuals to qualify as tax residents if they:

Do not reside in any other single country for more than 183 days
Are not tax residents in any other country
Spend at least 60 days in Cyprus
Have other significant ties to Cyprus, such as owning or renting property, or running a business

THE MAIN TAX ADVANTAGES INCLUDE:

Non-doms are exempt from the 17% Special Defence Contribution on dividends

Interest Income: Non-doms are exempt from the 30%SDC on interest income, whihch makes Cyprus particularly attractive for individuals with significant interest-bearing investments
Rental Income: Non-doms are exempt from the 3% SDC on 75% of gross rental income, significantly reducing the effective tax rate on rental income

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Whether you choose to purchase and rent out properties, use them as short-term vacation rentals or live in them for part of the year, Cyprus offers lucrative opportunities for property investors.

Pafilia is here to assist you in navigating the best strategies to maximize your

returns. Our expert team will guide you through every step, from selecting prime

properties to managing your investments efficiently, ensuring you achieve the

highest possible income.