Frequently asked questions
about Cyprus.

To obtain Cyprus Non-Dom status, you should not stay in any other country for more than 183 days and should not have a residence in another country. You must also spend at least 60 days in Cyprus and maintain a permanent home there (owned or rented). To be on the safe side, you should have your Non-Dom status certified.

That always depends on the individual case and, not least, on your personal view of what is "worthwhile". Even with smaller annual incomes you can save a considerable amount of tax and social contributions; from a profit of EUR 100,000 you should definitely consider it.

Set-up costs usually start at EUR 1,500. The total we charge depends on the scope of the services you need. Other costs for onboarding compliance, tax number applications, social insurance registration and so on are listed in our price list.

Around one month until everything is completed. The formation itself takes only 6 days once all documents are available and the company name has been approved.

No. The rate a company pays in Cyprus is 12.5 %. Shareholders can, however, receive dividends tax-free, which is a considerable tax advantage. There are further advantages, but they have to be assessed case by case.

No. Foreigners resident in Cyprus benefit from the Non-Dom system. As a result, dividends – even from Cyprus companies – are tax-free (no withholding tax either). Cyprus even waives remittance-basis taxation: dividends paid into your Cyprus account and invested in Cyprus remain tax-free. This is different in many jurisdictions, such as Malta, Madeira and the Channel Islands.

Creating substance only matters for people who form a company in Cyprus but do not move there. As we do not offer formation or virtual-office services to entrepreneurs whose main residence and centre of life is not in Cyprus, we do not go into this further.

No. That would not be consistent with our previous answer.

At least two months from the decision to full implementation.

No. You should not establish or maintain a residence or habitual abode outside Cyprus – specifically, no flat ready for use and no regular stays outside Cyprus. The move must be for an indefinite period. What triggers a residence in a country outside Cyprus can vary, so it is important that you can rule this out under the rules of your home country. You should definitely consult a tax adviser in your home country. We can only outline the principles that apply internationally.

Whether your home tax office notices or can prove it is irrelevant: it can still be tax evasion if you keep a residence elsewhere and do not declare taxes there. The tax office does not have to prove anything – the burden of proof is on you.

Spouse and children usually constitute a taxable centre of life. Anyone who wants their only residence to be in Cyprus has to emigrate with their family – and without any intention of returning.

If you have lived in Germany, for example, all your life and emigrate for just two years before returning, you can assume that Germany will rightly presume an intention to return and may tax you retroactively. If you also kept active ties to Germany – a registered car, an actively maintained social circle, regular stays – you can assume you were still considered resident in Germany for the entire period.

No. You can use Cyprus as a base and act internationally from there. A home that is ready for use and exclusively available to you, the intention to stay in Cyprus indefinitely and regular stays of at least 60 days a year are sufficient to be considered resident in Cyprus.

In principle, anyone who is flexible and can imagine living in Cyprus for part of the year. In our view, the concept suits internet entrepreneurs and international entrepreneurs best – people who can and do work from any phone or computer in the world.

Don't do things by halves. Settle into your new home and enjoy up to 340 days of sunshine a year among friendly people. Live the new life the way you set out to. Cyprus will delight you.

We have partnerships in every area, so our clients always have access to a network of local service providers who have been working in Cyprus for at least 20 years. MAXCON24 is not a tax advisory firm. We offer a wide range of services and work with professional partners for tax and legal advice. We are your interface.

Yes. Our company is based in Larnaca and employs local staff who speak Greek, English, Spanish and German.

Every Cypriot company is required to keep books and to file audited financial statements once a year. We are happy to introduce you to our tax advisory partner.

In general, all EU citizens may work in Cyprus. Despite all simplifications since Cyprus joined the EU, certain formalities still have to be completed.

No.

Yes, but with the work permit and a tenancy agreement the application is a mere formality.

We are happy to check this with the relevant authorities for you.