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Cyprus Residence Scheme
The island of Cyprus, being the
furthest eastern part of The European Union, is situated in the eastern
Mediterranean and has the welcoming statistic of 300 days of sunshine per year.
Cyprus is one of the few places in the world that, during periods of the year,
can offer you the option of going skiing in the mountains in the morning and
enjoying the beach life in the afternoon.
A Cypriot resident is taxable on
a worldwide basis and therefore on all profits arising worldwide, whether or not
received in Cyprus. A Cyprus resident benefits from Cyprus's wide network
of double taxation treaties.
Benefits of holding a
Cyprus Residence Permit
Cyprus has one of the lowest tax
rates in Europe without having the compromising reputation of a tax haven, and
offers a wide range of double taxation treaties. It is the perfect place for a
peaceful, enjoyable and tax advantageous retirement.
Repatriation of your capital
This applies to:
- Any unspent remainder of the
capital you brought to Cyprus
- Any income this has accumulated
during your stay
- Any proceeds from the sale of
your property and/or other investments in Cyprus.