Cyprus offers many key benefits to High Net Worth Individuals (“HNWIs”), Senior Executives and their dependent family members who are looking to relocate to a country that offers financial stability, a gateway to Europe and a quality standard of living for their families. The country offers an enviable combination of climate, business and culture and many incentives for relocation. Cyprus has an advanced economy and a high human resource development index (HDI), providing a high standard of living and quality of life.
In addition to the above, Cyprus offers a number of personal tax incentives that aim to attract multinational companies to relocate key personnel to perform their duties in Cyprus. The tax incentives also appeal to HNWIs who are willing to relocate to Cyprus.
Cyprus is considered to be one of the most favourable jurisdictions within the EU with regards to personal taxation, attracting a number of expatriates to work and live in Cyprus. Income arising from employment is subject to income tax subject to certain exemptions and deductions, while passive income such as dividends and interest is generally exempt from tax for expatriates relocating to Cyprus. Finally, any profit from the disposal of immovable property located in Cyprus is subject to Capital Gains Tax (CGT).
Our International Migration team is available to assist you and your family with any services including immigration compliance, banking, schooling options, selection of residence and any other support you may require during your arrival and thereafter.