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Cyprus Blog

Cyprus… More than sun, sea, and sand.

Welcome to our Cyprus Blog, your starting point for everything you want to know about this sunny island.

Whether you're looking to emigrate, invest, start a business, or simply seek tips and inspiration for your next vacation or road trip, you'll find a wealth of information about the island here.

Taxes

Business and Tax

Cyprus offers one of the lowest tax rates in Europe. Discover how to set up your business and take advantage of tax benefits.

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What insurance do you need in Cyprus?

When living or working in Cyprus, you are required to have at least social security and participate in the national healthcare system (GESY). If you own a car, third-party liability insurance is mandatory; if you are an employer, liability insurance for your staff is required; and if you buy or rent a home, fire/home insurance is strongly recommended. In addition, there are several recommended supplementary insurance policies for added security: think of private health insurance, professional liability, income protection, general liability, travel and life insurance, cyber insurance, and, specifically for real estate investors, landlord/property insurance.

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31/01/2025

Cyprus Non-Domain Status: 0% on dividends and interest, for 17 years

Non-dom status exempts you from the Special Defence Contribution on dividends and interest for 17 years, regardless of where in the world that income originates. Your only levy is 2.65% GeSY, capped at €4,770 per year. Furthermore, since the 2026 reform, you can extend this period twice by five years, at a cost of €250,000 per period, up to a maximum of 27 years. Important: non-dom does not reduce your income tax and does not make crypto tax-free. Below is what it does and does not cover, how to apply, and what happens after year 17.

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22/12/2024

Travel & Road Trips

Traveling in Cyprus

From beautiful beaches to historic sites, Cyprus has it all. Get inspired by our travel tips and discover hidden gems and road trips.

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  • General News
  • Business and Tax
  • Living and working in Cyprus
  • Traveling in Cyprus
  • Practical information

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