Non Dom Status Cyprus Explained (0% Taxes)

The Cyprus Non Dom status explained. Huge tax benefits for 17 years. Everything you need to know about being non domiciled in Cyprus.

0% dividend tax, and no taxes on rental and interest income. 100% legal and official in the EU country Cyprus, as a Non domiciled person.

But, there are some things you need to know before moving here, so definitely watch this video until the very end.

The Non Dom Status in Cyprus exempts a person from the Special Defence Contribution, which is normally 17% - 30%. In Germany for example it is 25% flat.

In addition with the low corporate tax, Cyprus is an amazing destination for many individuals and businesses from all over Europe, even the whole world.

I’m not a lawyer or accountant, so an individual consultation always makes sense. Contact me to get my personal recommendation for an accountant and lawyer in Cyprus.

Subscribe to the channel, and we will see each other in the next video! :)

Connect with me on Insta: @ricardogorski
Songs: Rainy Morning - Zackross, Luxery - Causmic

[PixPete]

It’s an amazing opportunity for entrepreneurs to get started on a life in Cyprus, and I will be doing this in the near future. Coming over at the end of April to start viewing properties and get familiar with the place before making the leap to living there next year. Thank you for all the information on your channel, Rico 👍

[velourialamour]

Wow, this was an awesome video! Thanks for revealing this secret, Rico! We are going to look into this further 👀

[ivobagnara]

Hi Rico, thank you for the very informative video, once more. I'm coming to Cyprus next week and I will spend few days in Larnaca first but I'll be so happy if you will find the time to meet up once I'll be in Paphos. I've got few ideas that I'd like to discuss with you, I think you might like them 😉. Please let me know how I can contact you and if you're up for a meeting/coffee together. Keep it up with your great work! ☮️

[aarondesignstudio]

Nice video buddy, you're getting better and better every time! 🙂

[gerardn]

In the UK for example UK you could become tax resident by working there for more than 45 or even 25 days.

If you spend 60 days in Cyprus could you also be tax resident in Cyprus.

Spending about 100 days in the UK.

[zeroflaghu]

I'm glad you talk about these kind of topics, and I'm agree that Cyprus is an attractive place for investors, but I think you got that dividend taxation wrong. If you have US stocks (E.g. Apple, Microsoft) then 15% is automatically deducted from the dividends on the USA side no matter what. This is not Cyprus tax, but personally I don't care who which country takes away my money, I only care about the total tax paid regardless the country. Plus the 2.65% to GESY makes the total tax on dividends 17.65%. This is actually worse then multiple other EU countries, such as Bulgaria (10%) and Romania (10%) as well as Slovakia (15%) and Czechia (15%). Not having to pay CGT is nice, but one can achieve it in many other countries, although at most places there a minimum holding period (2-5 years), and if you realize your gains earlier you'll need to pay the CGT. So Cyprus is certainly better in this.

[bruceklette]

I will be there 14 April tickets are booked look forward to that chat over a coffee

[DreamDesign]

I am more curious about crypto taxation rules, in two years will be bull run top, and these Non Dom residents will have profits. And big question will be, Cyprus will take some small taxes, or zero, and many will stay residents here, and will spend money here. Or we will see some people moving out, as residents.

[Devil_]

Can you do one for cypriot citizens about taxes? 😅

[urmind]

Hi Rico. Can you apply these Non Dom Tax benefits to your Youtube Income? To essentially pay 0% Tax? I'm a British citizen living in Cyprus, I'm a resident here for 6 years now spending time in both the UK/Cyprus and seriously considering Non Dom Tax residency.

[andrewslifestyle]

Once again, good info Rico. I’m a son of a Greek Cypriot and as such, I’m looking at obtaining a residence permit followed by Cypriot citizenship. Not sure how long all that takes.

As an American paying my fair share of taxes on investments, I should would like to find some loopholes in Cyprus. Hope to be in Cyprus in the next 3-6 months

BTW, did you produce the amazing drone video?

Cheers Rico!

[CharleneVandevoorde]

Thanks for the forecast! 📊 I wanted to ask something unrelated: 🤔 I have a set of words 🤷‍♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Can someone explain what this is? 😅

[christophecoat]

So one of the condition is either to buy or rent a property, so the rent for let's say 3 months a year is ok for a non dom or do you need to rent the whole year even though you stay 2 to 3 months?

[TolucoBacahui]

Thanks for the forecast! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?

[LukasFaik-serw]

How is the buying and selling of crypto taxed in cyprus? Also what about crypto staking?

[edim.]

I am an employee in the UK, but we are tired of living here, we are considering Cyprus, but I would like to know how to go about taxes… should I move and continue paying in the UK then claim the taxes back? Or talk to the company I work for and be hired in Cyprus? Or get paid as contractor so I can have no income tax?

[Michael-Masi-]

I appreciate your videos! Good work and thank you for the help.

Is it compulsory to take some salary? Why not take only dividends and $0 salary? Is this not allowed?

[armyblinksaresuperior]

hi, are casinos in cyprus smoke free? especially the ones in limassol

[nqooooo]

how much taxes on day trading profits? or is it possible to create an llc and pay no taxes thru that?

[CodingAbroad]

My brain isn’t working. So you have to be there for at least 60 days. But what is the maximum number of days you’re allowed to be there to still benefit non dom status?