Cyprus offers immigrants a wide range of exemptions regarding taxes on personal income. The prerequisites to make use of these exemptions are the relocation of the tax residence to the EU member state of Cyprus and the filing of an application for the so-called Non Dom status.
The Non Dom status in detail

Interest and investment results gained abroad are not subject to taxation in Cyprus. This applies both to private persons in Cyprus with Non Dom status, and companies registered in Cyprus (Cyprus Limited, Cyprus Holding, etc.), the latter under certain conditions.
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Whereas the “old“ countries running Non Dom programmes only guaranteed the legal regulations applying to the Non Dom status until these were “recalled“, Cyprus guarantees all benefits arising from its Non Dom programme for 17 years. This means great security in long-term planning for persons with the Non Dom status. Today, the entire world is constantly subject to changes in tax regulations. The 17 year guarantee is another great pro for Cyprus.

Cyprus has adjusted its tax regulations to the modern world of business. By dispensing with the European 183 day regulation, it has especially opened its doors to entrepreneurs looking for maximal flexibility.

The legal relocation of the tax residence and several of the benefits enjoyed with the Non Dom status, is even available to those persons spending only 60 days per year in Cyprus. This applies regardless of whether the person has spent these 60 days in Cyprus as a single period or through several visits.

This simplified overview shows how the tax residence in Cyprus can be maintained in the long-term:

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One of the most significant advantages of the Non Dom status in Cyprus is that the country foregoes all Remittance Base taxation. Cyprus‘ tax law does not impose taxes on any dividends coming in from abroad. This means that capital earnings can be freely moved, held and distributed internationally.

See just how detrimental Remittance Base taxation in other countries can be via the following link:

Complications arising from Remittance Base Taxation

Cyprus does not release tax and bank account information to other countries, provided you have your tax residence exclusively in Cyprus.
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According to standard international criteria, Cyprus is not a tax haven! Cyprus has merely developed a legal and tax framework which is particularly advantageous for entrepreneurs.
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Cyprus offers the corporations based in Cyprus, specifically Cyprus Limited Liability Companies, significant advantages regarding taxes and duties. The corporate tax in Cyprus for corporations is only 12.5% and the tax for income from licences, IP and similar turnover is only 2.5%.

In addition, payments to offshore companies are tax deductible for Cyprus companies as business expenses.

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