{"id":11655,"date":"2024-10-08T22:21:13","date_gmt":"2024-10-08T20:21:13","guid":{"rendered":"https:\/\/thenomadtax.com\/?p=11655"},"modified":"2024-10-08T22:21:16","modified_gmt":"2024-10-08T20:21:16","slug":"non-dom-status-in-cyprus","status":"publish","type":"post","link":"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/","title":{"rendered":"Everything You Need to Know About Non-Dom Status in Cyprus and Starting a Business: Frequently Asked Questions"},"content":{"rendered":"\n<p>The <strong>non-dom status in Cyprus<\/strong> isn\u2019t just a technical tax term\u2014it\u2019s the solution that many are seeking to escape the oppressive tax burden that has come to define Europe today. Let\u2019s be honest: the tax situation in Europe isn\u2019t looking good. Laws change constantly, taxes rise at an alarming rate, and Cyprus has become the refuge for those who are no longer willing to watch their earnings disappear into taxes and more taxes.<\/p>\n\n\n\n<p>Imagine the typical coffee shop in Madrid, Paris, or Berlin; the conversation is always the same. Entrepreneurs, freelancers, hardworking individuals discussing how new regulations and the <strong>crushing tax pressure<\/strong> are suffocating them. And this is where Cyprus steps in.<strong> While Europe keeps tightening the reins<\/strong>, this Mediterranean island has chosen to invest in talent, capital, and success, offering a corporate tax rate of 12.5%, one of the lowest in the European Union. But that\u2019s not all. With non-dom status, passive income and dividends for foreigners receive dream-like tax exemptions.<\/p>\n\n\n\n<p>Cyprus\u2019s tax system isn\u2019t just highly competitive; it\u2019s also stable and predictable, without the unpleasant surprises we\u2019ve come to expect in other places. It\u2019s no surprise, then, <strong>that many of our clients choose to settle on this beautiful island. <\/strong>Today, we bring you a blog featuring the most common questions and answers from our consultations about Cyprus. Let\u2019s dive in!<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Indice del art\u00edculo<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/#What-is-Non-Dom-Status-in-Cyprus-and-What-Tax-Benefits-Does-It-Offer\" >What is Non-Dom Status in Cyprus and What Tax Benefits Does It Offer?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/#What-are-the-Tax-Advantages-of-Being-Non-Dom-in-Cyprus\" >What are the Tax Advantages of Being Non-Dom in Cyprus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/#How-Can-I-Apply-for-Non-Dom-Status-in-Cyprus\" >How Can I Apply for Non-Dom Status in Cyprus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/#What-Types-of-Companies-Are-Ideal-for-Foreigners-in-Cyprus\" >What Types of Companies Are Ideal for Foreigners in Cyprus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/#How-Long-Does-It-Take-and-What-Is-Required-to-Establish-a-Company-in-Cyprus\" >How Long Does It Take and What Is Required to Establish a Company in Cyprus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/#How-Much-Does-It-Cost-to-Establish-and-Maintain-a-Company-in-Cyprus\" >How Much Does It Cost to Establish and Maintain a Company in Cyprus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/#What-Makes-Cyprus-a-Good-Place-to-Live-and-Do-Business\" >What Makes Cyprus a Good Place to Live and Do Business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/thenomadtax.com\/en\/2024\/10\/non-dom-status-in-cyprus\/#How-Can-I-Start-to-Take-Advantage-of-the-Tax-and-Business-Benefits-of-Cyprus\" >How Can I Start to Take Advantage of the Tax and Business Benefits of Cyprus?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-is-Non-Dom-Status-in-Cyprus-and-What-Tax-Benefits-Does-It-Offer\"><\/span>What is Non-Dom Status in Cyprus and What Tax Benefits Does It Offer?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>non-dom status in Cyprus<\/strong> is, in a word, freedom. This status is the key that unlocks the doors to a much more manageable tax system, especially for those who don\u2019t want their passive income to fall into the hungry hands of the tax authorities. What are we talking about? For 17 years\u2014yes, almost two decades\u2014non-domiciled individuals in Cyprus can enjoy impressive tax exemptions on their passive income and dividends, <strong>paying only 2.65% in taxes<\/strong> on dividends and, in many cases, nothing on capital gains.<\/p>\n\n\n\n<p>Think about it. Instead of watching your investments diminish due to the brutal tax systems we are accustomed to in other countries, <strong>in Cyprus, your money really stays with you. <\/strong>You only need to prove that you are a tax resident\u2014which is relatively simple compared to the requirements of other European countries\u2014and that\u2019s it. You can breathe easy, knowing that your hard work and capital are in a safe and tax-friendly environment.<\/p>\n\n\n\n<p><strong>Who qualifies for this non-dom status?<\/strong> Foreigners who spend at least 60 days a year in Cyprus, who do not have tax residency in another country, and who own or rent a property on the island. With these minimal requirements, Cyprus has created such an attractive tax formula that it has caught the interest of entrepreneurs, investors, and digital nomads from around the world.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-style-rounded\"><img fetchpriority=\"high\" decoding=\"async\" width=\"600\" height=\"600\" src=\"https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo.jpg\" alt=\"Pareja occidental joven disfrutando de un d\u00eda soleado en la playa de Protaras, Chipre.\" class=\"wp-image-11642\" srcset=\"https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo.jpg 600w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-300x300.jpg 300w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-150x150.jpg 150w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-100x100.jpg 100w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption class=\"wp-element-caption\"><strong><a href=\"https:\/\/thenomadtax.com\/en\/international-tax-consulting\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/thenomadtax.com\/en\/international-tax-consulting\/\" rel=\"noreferrer noopener\">Contact us<\/a> at Nomad Tax to start planning your move to Cyprus.<\/strong><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-are-the-Tax-Advantages-of-Being-Non-Dom-in-Cyprus\"><\/span>What are the Tax Advantages of Being Non-Dom in Cyprus?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Being non-dom in Cyprus not only means paying less tax; it means keeping your money where it truly belongs: <strong>in your hands, not in the tax authorities\u2019 coffers. <\/strong>As we mentioned at the beginning, Cyprus has become a magnet for those who appreciate the difference between paying what\u2019s fair and being squeezed dry.<\/p>\n\n\n\n<p>As a non-dom, income from dividends, interest, and rents is exempt from the \u201cSpecial Defense Tax\u201d (SDC) that in other countries would cost you 17%. Here, you only need to contribute a symbolic 2.65% to the health system (GESY) on dividends, with a cap of 4,770 EUR. So, even if your dividend income is <strong>500,000 EUR, you won\u2019t pay a single euro more than that maximum amount.<\/strong><\/p>\n\n\n\n<p>Furthermore, Cyprus is one of the few European countries without wealth taxes, which is a key advantage for those looking to protect their wealth from the growing trend of asset taxes in other parts of Europe. <strong>With no capital gains tax on the sale of shares<\/strong> and exemptions on dividends and other passive income, this regime creates an ideal tax platform for investors and entrepreneurs looking to grow their wealth without surprises.<\/p>\n\n\n\n<p>And best of all, Cyprus offers fiscal stability that is already rare in Europe, with a fixed corporate tax rate of 12.5%. While other places continuously invent new ways to collect revenue, here you find clear rules. <strong>The conclusion?<\/strong> Cyprus understands how to create an environment where money flows, not stops.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-Can-I-Apply-for-Non-Dom-Status-in-Cyprus\"><\/span>How Can I Apply for Non-Dom Status in Cyprus?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Obtaining non-dom status in Cyprus isn\u2019t a fiscal maze like in other places. In reality, the process is quite straightforward and designed to facilitate the lives of those looking to optimize their tax situation on the island.<\/p>\n\n\n\n<p>First, you need to become a tax resident of Cyprus, and for this, you have two options:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>The 183-Day Rule<\/strong>, which requires you to spend at least that number of days in Cyprus within a tax year.<\/li>\n\n\n\n<li><strong>The 60-Day Rule<\/strong>, much more flexible and attractive, especially for nomads and entrepreneurs. With this rule, you only need to spend 60 days in Cyprus each year, as long as you are not a tax resident in another country and have a property or rental in the island. You also need some economic connection, such as employment, a business, or a position as a director in a Cypriot company.<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<p>Once you meet one of these criteria, you can apply for non-dom status. The basic documentation includes a lease contract, proof of income, social security registration, and a copy of your passport. You will also need the \u201cYellow Slip\u201d of immigration. With all these documents in order, the application for non-dom status is processed smoothly in most cases.<\/p>\n\n\n\n<p><strong>And then?<\/strong> After obtaining the status, you can start benefiting from the tax advantages of Cyprus, such as the exemption from the special defense tax (SDC) on dividends and interest, and access to the national health system (GESY).<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-style-rounded\"><img decoding=\"async\" width=\"600\" height=\"600\" src=\"https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-2.jpg\" alt=\"Familia occidental caminando por las monta\u00f1as de Troodos en Chipre, disfrutando del paisaje natural.\" class=\"wp-image-11645\" srcset=\"https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-2.jpg 600w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-2-300x300.jpg 300w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-2-150x150.jpg 150w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-2-100x100.jpg 100w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption class=\"wp-element-caption\"><strong>Consult Nomad Tax and find out how to pay the minimum tax in Cyprus <a href=\"https:\/\/thenomadtax.com\/en\/international-tax-consulting\/\">(Here)<\/a>.<\/strong><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-Types-of-Companies-Are-Ideal-for-Foreigners-in-Cyprus\"><\/span>What Types of Companies Are Ideal for Foreigners in Cyprus?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For many foreign entrepreneurs, the <strong>Limited Liability Company (Ltd)<\/strong> is the preferred option in Cyprus, and it\u2019s not by chance. This structure offers significant tax benefits and operational flexibility, allowing owners to protect their personal assets, as their liability is limited to the capital invested in the company.<\/p>\n\n\n\n<p>This type of company does not require a minimum capital to start, and its incorporation process is relatively quick and straightforward, taking approximately <strong>1 to 2 weeks<\/strong> to be fully operational, provided all documentation is in order.<\/p>\n\n\n\n<p>Another option for those seeking flexibility in their operations is the establishment of a <strong>branch office<\/strong>. While it depends on the parent company abroad and cannot operate independently, a branch allows foreign companies to operate under the same <a href=\"https:\/\/www.cyprus.gov.cy\/portal\/portal.nsf\/gwp.getGroup?OpenForm&amp;access=0&amp;SectionId=business&amp;CategoryId=Businesses&amp;SelectionId=Online%20services%20related%20to%20companies&amp;print=0&amp;lang=en\" target=\"_blank\" rel=\"noreferrer noopener\">name in Cyprus<\/a> and benefit from local taxation only on income generated on the island.<\/p>\n\n\n\n<p>For some entrepreneurs, there are also options like <strong>trusts<\/strong>, which are ideal for estate planning and can provide additional tax and asset protection benefits. This approach is especially popular for those who want a more flexible method of managing their wealth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-Long-Does-It-Take-and-What-Is-Required-to-Establish-a-Company-in-Cyprus\"><\/span>How Long Does It Take and What Is Required to Establish a Company in Cyprus?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Establishing a company in Cyprus is not an obstacle course, but there are certain administrative procedures you should be aware of. Generally, the process takes <strong>1 to 2 weeks<\/strong> if you have all the documents at hand and choose a standard option like a Limited Liability Company (Ltd). Let\u2019s go through the most important steps, waiting times, and administrative requirements involved.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Company Name Reservation<\/strong><br>The first step is to ensure that your company name is unique and approved by the Cyprus Registrar of Companies. This process usually takes about <strong>10 business days<\/strong>, and it\u2019s advisable to have alternatives in case the chosen name is not approved.<\/li>\n\n\n\n<li><strong>Incorporation Documentation<\/strong><br>Once the name is approved, you must prepare the legal documentation, which includes the <strong>Memorandum and Articles of Association<\/strong> of the company. These documents detail the company\u2019s objectives and capital structure and must be drafted in Greek or English. With the help of a legal advisor, this step can be completed in <strong>2 to 3 days<\/strong>.<\/li>\n\n\n\n<li><strong>Company Registration and Obtaining the Registration Number<\/strong><br>After preparing the documents, the Registrar of Companies in Cyprus reviews and approves the incorporation, which can take another <strong>25 to 30 days<\/strong>. At the end of this process, the company receives its registration number, allowing it to start operating officially.<\/li>\n\n\n\n<li><strong>Tax Department Registration and, if applicable, VAT Registration<\/strong><br>If your company projects annual revenues that exceed the mandatory threshold and operates in Europe, you will need to register for VAT. This registration can add <strong>2 weeks<\/strong> to the process.<\/li>\n\n\n\n<li><strong>Possible Delays<\/strong><br>While Cyprus is known for having one of the simplest regulatory environments in Europe, some delays may arise due to the need for additional documents or \u201cKnow Your Customer\u201d <a href=\"https:\/\/www.gov.cy\/moi\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.gov.cy\/moi\/\" rel=\"noreferrer noopener\">(KYC)<\/a> checks.<\/li>\n<\/ol>\n\n\n\n<p>In summary, with the right documentation and a bit of advice, you can have your company up and running within about <strong>2 months<\/strong>. However, it is possible to expedite this process to <strong>1 month<\/strong>. <strong>Message us on WhatsApp and we\u2019ll tell you how.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" width=\"600\" height=\"600\" src=\"https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-1.jpg\" alt=\"Familia occidental explorando el casco antiguo de un pueblo en Chipre, rodeados de arquitectura tradicional.\" class=\"wp-image-11648\" srcset=\"https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-1.jpg 600w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-1-300x300.jpg 300w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-1-150x150.jpg 150w, https:\/\/thenomadtax.com\/wp-content\/uploads\/2024\/10\/Diseno-sin-titulo-1-100x100.jpg 100w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption class=\"wp-element-caption\"><strong><a href=\"https:\/\/thenomadtax.com\/en\/international-tax-consulting\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/thenomadtax.com\/en\/international-tax-consulting\/\" rel=\"noreferrer noopener\">Consult with Nomad Tax<\/a> to take advantage of opportunities to live and work in Cyprus.<\/strong><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-Much-Does-It-Cost-to-Establish-and-Maintain-a-Company-in-Cyprus\"><\/span>How Much Does It Cost to Establish and Maintain a Company in Cyprus?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Establishing a company in Cyprus involves some initial costs and annual maintenance expenses that, compared to other European jurisdictions, are quite competitive. Here\u2019s a breakdown of the main costs:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Registration Cost<\/strong>: Registering a Limited Liability Company (Ltd) in Cyprus generally costs between <strong>2,100 \u20ac and 3,000 \u20ac<\/strong>, depending on the service provider and level of assistance. Larger law firms can charge up to <strong>4,000 \u20ac<\/strong>.<\/li>\n\n\n\n<li><strong>Annual Maintenance Expenses<\/strong>: These include fees for maintaining a registered office in Cyprus, along with the services of a director, secretary, and registered address, which are mandatory. These costs range from <strong>500 \u20ac to 1,200 \u20ac<\/strong> per year. If you prefer to keep your ownership anonymous, you can opt for \u201cnominee\u201d services, which will increase these costs.<\/li>\n\n\n\n<li><strong>Accounting and Audit<\/strong>: All companies in Cyprus are required to submit audited financial reports annually. These services typically cost between <strong>1,800 \u20ac and 3,500 \u20ac<\/strong> per year, depending on the volume of transactions and the type of auditing firm.<\/li>\n\n\n\n<li><strong>Annual Government Fee<\/strong>: The annual fee of <strong>350 \u20ac<\/strong>, which used to be mandatory, was eliminated in 2024, reducing fixed costs for registered companies in Cyprus.<\/li>\n\n\n\n<li><strong>Other Potential Expenses<\/strong>: If you need to open a corporate bank account, some institutions charge additional fees to comply with \u201cKnow Your Customer\u201d (KYC) requirements. Additionally, any changes to the company&#8217;s structure, such as issuing certificates or specific licenses, may incur extra costs.<\/li>\n<\/ol>\n\n\n\n<p>In total, the estimated annual maintenance cost of a company in Cyprus ranges from <strong>2,500 \u20ac to 4,000 \u20ac<\/strong>, depending on the required services and the level of activity of the company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-Makes-Cyprus-a-Good-Place-to-Live-and-Do-Business\"><\/span>What Makes Cyprus a Good Place to Live and Do Business?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cyprus not only offers tax advantages but also an enviable living and working environment, positioning it as an ideal destination for entrepreneurs and expatriates. The quality of life here is high, with over <strong>300 days of sunshine<\/strong> a year and a relaxed Mediterranean lifestyle that allows for enjoyment without sacrificing business opportunities. Its climate, safety, and the hospitality of its people make this island a welcoming and secure place for families and professionals.<\/p>\n\n\n\n<p>From a business perspective, Cyprus stands out for its pro-business legal framework based on common law, providing clarity and stability for long-term planning. Its strategic position in the Mediterranean also<strong> facilitates access to markets in Europe, the Middle East, and Africa. <\/strong>Additionally, the country boasts modern and efficient infrastructure, from ports and airports to an advanced digital system, making it ideal for technology and international trade companies.<\/p>\n\n\n\n<p>In terms of networking, Cyprus has emerged as a <strong>multicultural and talent hub.<\/strong> The island has attracted thousands of international professionals, including tech and finance groups, and continues to host events and conferences that allow for connections with other entrepreneurs and expansion of professional networks. This makes Cyprus ideal for establishing contacts and finding collaboration opportunities across various sectors, from technology to maritime industry.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-Can-I-Start-to-Take-Advantage-of-the-Tax-and-Business-Benefits-of-Cyprus\"><\/span>How Can I Start to Take Advantage of the Tax and Business Benefits of Cyprus?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you\u2019re considering Cyprus for your company or as a new tax home, the first step is to understand the business and tax structures that will allow you to make the most of this destination. Creating a Limited Liability Company (Ltd) is an ideal strategy for optimizing taxes and reducing your tax burden on passive income and dividends. Additionally, obtaining non-dom status can help you significantly minimize taxes in the long term.<\/p>\n\n\n\n<p>Connecting with local experts is crucial to ensure that each step meets legal requirements and maximizes all the tax advantages that Cyprus has to offer. <strong>Nomad Tax can assist you throughout this process, from establishing your company to obtaining tax residency. Our specialized team is here to help you navigate this environment with confidence and strategy.<\/strong><\/p>\n\n\n\n<p><strong>Ready to take advantage of the tax and business opportunities in Cyprus? Contact us at Nomad Tax, and we\u2019ll guide you through every detail so that your finances and business thrive in a safe and favorable environment.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The non-dom status in Cyprus isn\u2019t just a technical tax term\u2014it\u2019s the solution that many are seeking to escape the oppressive tax burden that has come to define Europe today. Let\u2019s be honest: the tax situation in Europe isn\u2019t looking good. Laws change constantly, taxes rise at an alarming rate, and Cyprus has become the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-11655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/posts\/11655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/comments?post=11655"}],"version-history":[{"count":2,"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/posts\/11655\/revisions"}],"predecessor-version":[{"id":11657,"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/posts\/11655\/revisions\/11657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/media\/11651"}],"wp:attachment":[{"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/media?parent=11655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/categories?post=11655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenomadtax.com\/en\/wp-json\/wp\/v2\/tags?post=11655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}