Cyprus Non-Dom Status
In an effort to enhance competiveness and simplicity of the Cyprus tax system, Cyprus has introduced the term “Domicile”. The Special Defence Contribution (SDC) has been amended so that individuals who are not domiciled in Cyprus are not subject to SDC tax on dividends, interest and rental income. The exemption n applies to income even derived from sources within or outside Cyprus.
For further details on Cyprus Non-Dom Status please refer to our publication below.