A person is considered a tax resident in Cyprus if they are physically present in the country for more than 183 days in a calendar year, or if they are physically present for at least 60 days and meet certain other conditions.
A person is considered a tax resident in Cyprus for a calendar year if they meet one of the following two tests:
- They are physically present in Cyprus for more than 183 days in the calendar year.
- They are physically present in Cyprus for at least 60 days in the calendar year and:
- They carry on a business in Cyprus as a self-employed person or are employed in Cyprus or hold an office with a Cyprus tax resident person (e.g. be a director of a Cyprus company) at any time during the tax year.
- They do not spend more than 183 days in any other country.
- They maintain a permanent home in Cyprus that is either owned or rented.
- They are not a tax resident of any other country.
If the business, employment, or holding of an office is terminated during the year, the individual will cease to be considered a Cyprus tax resident for that tax year.
To calculate the days of presence in Cyprus, the following rules apply:
- The day of arrival into Cyprus is considered a day in Cyprus.
- The day of departure from Cyprus is considered a day out of Cyprus.
- Arrival and departure on the same day is considered a day in Cyprus.
- Departure and return on the same day is considered a day out of Cyprus.
Are you looking to become a tax resident in Cyprus? Our firm can help you fulfill the requirements and take advantage of the benefits that come with being a tax resident in this country. With our expert guidance, you can easily navigate the conditions and calculations required to establish your tax residency in Cyprus. Contact us today to learn more about how we can assist you with this process.