🇨🇾 Cyprus
Mediterranean island with a low-tax non-dom regime and EU access
Visa Options
- Digital Nomad Visa (1 year, renewable up to 3 years total) — €3,500/mo remote income (single)
- Permanent Residency by Investment (Cat. 6(2)) (Permanent) — €300k+ new-build real estate, ≥€50k/yr income from abroad
- EU Blue Card (2 years (renewable)) — Job offer, recognized degree, salary above national threshold
Tax Overview
- Income Tax: 0% (up to €22,000) – 35% (progressive, 5 brackets); tax-free threshold raised from €19,500 in the 2026 reform
- Non-Dom Regime: 0% Special Defence Contribution on dividends/interest for up to 17 years; 50% exemption on employment income above €55,000/yr for eligible new residents
- Corporate Tax: 15% (raised from 12.5% effective Jan 2026, aligning with OECD Pillar Two)
- VAT: 19%
Cost of Living
- Comfortable living (single, typical): €1,300 – €1,900/mo
- 1BR Apartment (Limassol): €800 – €1,200/mo
- 1BR Apartment (Nicosia): €600 – €900/mo
- Groceries: €250 – €350/mo
- Utilities: €150 – €220/mo
- Dining out: €12 – €25/meal
- Public transport: €40/mo pass
Relocation Checklist
- Obtain a Cyprus Tax Identification Code (TIC)
- Open a Cypriot bank account
- Apply for your visa/permit (in-country or via consulate)
- Register for Social Insurance and GHS (GESY healthcare)
- Secure a long-term accommodation lease
- Register with the Civil Registry and Migration Department
- Apply for non-dom status if eligible (via tax return declaration)
- Collect your biometric residence permit