Become a Cyprus Tax Resident in Just 60 Days

Become a Cyprus Tax Resident in Just 60 Days

Did you know you can become a Cyprus tax resident by spending just 60 days a year in the country?

Thanks to a law passed in July 2017, individuals who meet certain conditions can now enjoy tax residency in Cyprus — without needing to stay for most of the year.

Who Can Qualify for the 60-Day Rule?

To become a Cyprus tax resident under the 60-day rule, all of the following must apply:

• You spend at least 60 days in Cyprus in the calendar year.
• You have a permanent home in Cyprus — either owned or rented.
• You are not a tax resident in any other country during the same year.
• You do not spend more than 183 days in any other single country.
• You carry out business, work, or hold a directorship in a Cyprus-based company at any time during the year — and this continues to exist until year-end.

This rule is ideal for international professionals, entrepreneurs, or investors who want the benefits of Cyprus tax residency — but without relocating full-time.

Why Become a Cyprus Tax Resident?

If you qualify and become a tax resident but not domiciled in Cyprus, you can enjoy:

• No tax on dividends and interest (exempt from the Special Defence Contribution).
• No tax on most foreign income — including rental income from abroad (in many cases).
• 50% income tax exemption for high earners (annual income over €100,000) — valid for up to 10 years.

These incentives make Cyprus one of the most attractive tax residency options in Europe for non-doms.

Want to find out which option is best for your personal or business needs?

Contact Christophi & Associates LLC for a tailored consultation and let us help you build your tax-efficient future in Cyprus.