Europe
Nomad Score
7/10
Avg Monthly Cost
$2,200
Internet Speed
45 Mbps
Safety
Very Safe
Cyprus offers attractive tax residency with the 60-day rule (non-domiciled). Non-dom residents get 17-year exemption on dividends and interest. No inheritance tax. Competitive corporate rate.
Income Tax
0-35%
Capital Gains
20% (immovable property only)
VAT / Sales Tax
19%
Tax Year
calendar
Special Tax Regimes
dn_visa
Residence permit for non-EU/EEA remote workers to live in Cyprus while working for foreign employers or clients. Valid for 1 year with possibility of 2-year extension.
special
EU and EEA citizens have the right to live and work in Cyprus without a visa. After 3 months, registration for a residence certificate is required.
tourist
Short-stay visa for nationals requiring a visa to enter Cyprus. Valid for stays up to 90 days within a 180-day period for tourism, business, or family visits.
tourist
Citizens of visa-waiver countries can enter Cyprus without a visa for stays up to 90 days within a 180-day period. This includes USA, UK, Canada, Australia, and many other countries.
work
Long-stay visa for non-EU nationals planning to stay in Cyprus for more than 90 days for employment, studies, family reunification, or other purposes requiring a residence permit.
$2,200/month
Average for a comfortable nomad lifestyle
GHS (GESY) universal healthcare launched in 2019. Private healthcare is good. Limassol and Nicosia have best facilities.
Residence permit or employment contract needed. Bank of Cyprus and Hellenic Bank are main options. Enhanced due diligence for new accounts.
Very safe. Low crime rates. Divided island (north is Turkish Republic). Southern Cyprus is EU and well-regulated.