CYPRUS TAX RESIDENCE

You can obtain the Tax Residency Status with the below procedures:

60 days rule (note 1)
An individual who spends at least 60 days in the Republic of Cyprus during the tax year (from January 2017) can be considered Cyprus Tax Resident taking into consideration the following:

• Do not reside in any other single state for a period exceeding 183 days
• Do not reside in any other single state for a period exceeding 183 days
• The individual should be employed or hold an office (be a director) in Cyprus during the tax year or has business activities in Cyprus.

183  day rule (note 1)
An individual who spends at least 183 days in the Republic of Cyprus is considered a Cyprus tax resident (Income Tax Law of 2002).

Notes:

1. For those who are interested to became Cyprus Tax Resident, they need to considered the following simple rules. Supporting evidence (i.e. flight tickets) should be kept.

• The day of departing out of Cyprus is considered a day out of the republic he day of arrival in Cyprus in considered a day within the republic
• Arriving and departing out of the Cyprus in the same day counts as one day of residence in Cyprus
• Departing and returning in Cyprus the same day counts as a day out of the republic