Cyprus: The BEST Country in Europe (0% TAX?)

In this video I'm talking about Cyprus and why I think it's one of the best countries in Europe, especially because of the low taxes.

I lived in many countries such as Bali, Switzerland and Germany and I traveled to many other countries, but nothing comes close to Cyprus for many reasons.

I'm discussing the lifestyle in Cyprus and the many benefits of living here and then I'm focusing on the tax system in Cyprus, especially for digital nomads, entrepreneurs and investors.

Cyprus offers many tax reductions and exemptions such as the Non dom status, the IP Box regime and a 50% income tax exemption, however, as taxes are a very complex topic, we always recommend to book an individual consultation call.

Chapter's:
0:00 Intro
1:07 Why I chose Cyprus
1:21 Lifestyle in Cyprus
3:00 Air Quality
3:20 Benefits of Cyprus
4:17 Taxes in Cyprus
4:33 Corporate tax
5:23 Cyprus reputation
6:46 Provisional tax
8:21 Individual taxation
9:00 Non dom status
9:33 Important warning
10:38 Income tax
11:50 Tax example
13:33 More business benefits

Tax.One helped over 300 people relocate to low tax jurisdictions like Cyprus and Dubai, incorporate companies, buy properties and obtain Citizenship and we would be happy to advise you as well.

If there are any questions that you may have, you can leave a comment or contact us directly.

Thanks for watching!

Instagram: @lowertax

The content of this channel is intended solely for informational purposes and does not constitute legal, tax, investment, or any form of professional advice.

[cyprusman]

We sold up in the 'YUK' and moved to Cyprus 21 years ago, and it's the best thing we ever did in our lives financially and lifestyle wise in so many ways. It's far too hot in June, July, August but I guess nowhere is perfect !

[strikers]

Nice to see you Rico, very good video.

[TheXTed]

Great post, thank you. As someone in cryto looking at the upcoming UK autumn budget capital gains tax increase to 45% (potentially), I was hoping the cypriot tax scheme would be an option, however, I'm getting conflicting information. This was a result from chatgpt: "Cryptocurrency gains, unless deemed to be trading profits, are typically taxed as capital gains. However, Cyprus does not generally tax capital gains except for gains related to immovable property situated in Cyprus". Typically & Generally are not comforting words to see in that statement! As a retired person with crypto (not a trader) I would need clarity, before making such a big move.

[obiwayne]

Does the 2.65% healthcare "dividend" also apply to individuals who arent tax residents in cyprus?

[rubenveres]

Hi Rico, great video! 👏🏼 I’m a Norwegian citizen living in Oslo and considering moving to Cyprus to work as a freelancer offering one-to-one fitness training sessions, specifically in the niche of calisthenics. My question is: Can I even incorporate a company as a freelancer in the fitness industry and still benefit from the non-domiciled tax arrangement you mentioned? I want to make sure I would be eligible for the low corporate tax rate of 12.5% and the dividend tax exemptions. Any advice on this would be greatly appreciated!

[younesmoussouni]

As non EU residents can I set up a business there. trading company (oil and gas equipment) ??

[MENSA.lady]

Calling Cyprus Asian is a bit mean. Politically and socially It aligns itself to Europe and is an EU member.

[billhennessey]

Hi Rico, great video as always! US citizens are taxed on worldwide income. Is there a way for a US citizen to get residency in Cyprus under the Non-Dom Program? If so, I would like to set up an appointment with you. Thanks!

[jonteg]

What about your retirement if you only pay yourself dividendends? Is there any catch not paying yourself a salary? In Sweden for example, it is a catch.

[megalomedia]

I'm originally from Germany and half Polish too, we're almost the same...

[Johndoe-qnjr]

The air quality is not so good unfortenalty

[anddontcallmeshirley-]

Can anyone please recommend a knowledgeable and crypto friendly accountant in Paphos?

[LaMichna]

Hi Rico, great video. Can I ask you what you mean precisely by non-domiciliated resident? Thx

[LaMichna]

Hi Rico, great video. What do you mean precisely by non domiciliated resident? What does it imply? Thx

[trujefe]

Why does it have so many subscription scammers?

[Elomentra]

Mach doch mal ein Video über das wegbleiben der touris 😢. Über 3000 Stornierungen in 2024 und es sieht nicht gut aus für 2025😢

[justaman]

Do you help people move companies to Estonia?

[FritzBerlin]

Fehlt nur der Schnee(im Winter), und der gute Wodka mit der Familie. Good combination, polish and german! Nastrowje

[malthus]

If they want some money, they can sell me an EU passport - otherwise, not interested!