As part of its effort to attract foreign high net worth individuals to invest, international groups to set-up presence and qualified individuals to relocate and work in the country, Cyprus offers some very appealing incentives. These include a 50% tax exemption on employment income in case this exceeds EUR100,000 per annum, a “non-dom” regime, a 60-days tax residency scheme and many more. You can find more on these incentives in our relevant publications, which can be found on a dedicated page of our website.
These incentives, together with other advantages of Cyprus, such as its geographical location, its sunny weather, the business-friendly time zone, low crime and pollution and the top quality of facilities and services, create a very appealing proposition.
We can assist in a wide range of matters related to obtaining residency and/or tax residency in Cyprus, including the following:
You can refer to our related piece in a series of newsfeeds related to Setting Up in Cyprus, dedicated on hiring and relocation of personnel for a real life scenario on how we assisted on the relocation of staff from abroad for a UK shipping company, which established presence in Cyprus.
Our services don’t stop at the formal part of a relocation (i.e. obtaining permits, etc.) but also include assistance and support for a smooth settle down in the country, including on the following areas, either during the relocation phase or on an ongoing basis, where applicable:
Such services can be offered on an ad-hoc basis or as an overall package of Family Office support.