Taxation in Cyprus Explained: What They Don't Tell You

[@supercat380]

Smart man with a vision and logic. Welcome to Cyprus!❤

[@Rhumage]

You've actually convinced me to move to Cyprus. I hope to be there in 6 months.

[@taxone]

Glad to hear. The island is waiting for you.🏝️😊

[@CaseVault]

did you go?

[@Rhumage]

@@CaseVault I have already opened a company and I am leaving for Cyprus in a month!

[@CaseVault]

@Rhumage did the same thing haha, opened a company few weeks ago. And I just came to cy a few days ago

[@Rhumage]

@@CaseVault How are you liking it so far?

[@Ggaman]

congrats on the new company Rico! potential client here... hope to connect soon :)

[@taxone]

Thank you, appreciate the comment. How did you find the new channel? :)

[@Ggaman]

i'm a long time follower of your personal channel. been thinking about relocating here for more than a year already. the only thing holding me back right now is trying to find clients (i do UX for complex systems)@@taxone

[@0xlodz]

Amazing content, thank you! Does the IP Box regime applies to freelancers who provide IT services? It seems to only apply to companies that build SaaS products.

[@taxone]

Thank you very much as well. The IP Box does not apply to service providing invoices, it applies to revenue generated when registered intellectual property is exploited.

[@0xlodz]

Thank you!

[@kevins4815]

@@taxone Can intelectual property be books, ideas and things of this nature if they're fundamental to the business or does it have to be in the tech sector?

[@cyprusman5908]

We were really fed up living in the 'YUK' and being taxed to death and ripped off for everything over 20 years ago, so sold up and moved to Cyprus to live the dream in 2003 for a much better standard of living all round. And have never regretted it for financial reasons and life style. Our village council tax is €170 a YEAR and we get our bin emptied twice a week. We have great health care system, and have both state and private health care which is brilliant with no waiting lists. And we can see a dentist or doctor in the same week. And pay peanuts in income tax !

[@thewizardsofthezoo5376]

s**sh here it's close to 300 quid a month and it's been raining for the last 3 years.

[@ROSCO608]

I like your German-like irrefutable logics. You just earned a follow.

[@taxone]

Haha! Thank you.

[@ronyzmiri]

Another great one!

[@taxone]

Glad to have you here as well, Rony!!

[@christophecoat1914]

Hi, I moved to Cyprus 3 months ago because of your videos on your 2nd channel. I've got my appointment for the end of May with the immigration MEU1 which ask for prove of sufficient income and health insurance (international insurance or local?). Does Non-Dom statut has to be filled after they agree and I got the Registration Certificate? Could you do a video about The MEU1 to explain it, it's confusing. Thanks in advance

[@christiandior8726]

Good luck in your entrepreneurial journey Rico. Hopefully you won't be targeted by the Cypriot big firms that are tied to corrupt politicians and the crime syndicates. Worked for a company that the owner made the sad mistake of using the former president's law firm, to "expedite" things, which resulted in huge expenditures, wasting 10s of millions for zero results and even having his family threatened by the local mobsters. Cyprus is great for SMEs, just avoid the trap of getting a nominee director and either assume the position personally or assign internally within your organization.

[@MrMediterrano]

Aren’t there any restrictions on how much dividends a shareholder can get who is also employed in the company? In Switzerland e.g. it is not possible to have a low salary and high dividends.

[@VeinsDeLAlfaz]

Hi Ricardo, I am considering Non-Dom Cyprus: are foreign EU company pensions taxed at 5% in Cyprus?

[@taxone]

Yes, that's generally correct, however, let's hop on a call to examine your individual situation.

[@TheBagleys]

I have a question! 1. If i have non-dom status and the 60 day rule. 2. Am in cyprus from Januari to may,. 3. I then travel to Australia june - then back to cyprus for minimun 3 months. Can i do this? 4. Does the 183 day rule work on a calender year?

[@taxone]

Hey, please book a consultation call with us. The link is in the description.

[@jetlaggedchef6806]

What are the requirements to get an appropriate visa and residency if you are from the US?

[@himanshusomani1744]

Great video. We can connect

[@taxone]

Thanks, all contact details are in the description.

[@lauchgainz7481]

Are there any news on crypto taxation?

[@taxone]

Hey, we have a separate video about Crypto taxation in Cyprus.

[@YarayDamians]

Its 12,5% tax on dividend as a non dom.

[@torontovoice1]

Not exactly. You have to pay 12.5% tax on your corporate profit. You can declare a dividend without paying tax. So you are correct, but have an omission

[@VERTICALWisdom]

Would like to get info on banking if we are US citizens.

[@EDH784]

you're f#cked 🤣🤣 get a new passport

[@taxone]

We are happy to assist, please fill out our contact form at tax.one/cyprus/ and we speak soon.

[@and-for_GoD]

What if u are a Cyprus citizen? Is it still 0% CGT on shares/stocks?

[@taxone]

No, as a Cypriot you are eligible for SDC. Only if you didn't live in Cyprus the last 17 years you may be seen as a Non dom.

[@WhyYouTrippin]

What are the requirements to incorporate a company and relocate to Cyprus?

[@taxone]

Feel free to fill out our form and we'll get back to you.

[@aupti]

How about tax on renting an apartment abroad

[@taxone]

There are many factors that come into play. Which country and whether there is tax at source, where you receive the rental income (personal or company), there are also deductions in Cyprus, and other things, so it's best to fill out our form and we will get back to you.

[@Luckie337]

What about crypto currency. Cashing out in Cyprus?

[@taxone]

We have a separate video for Crypto taxes in Cyprus.

[@MisterDivineAdVenture]

10!

[@Anti_1]

Germany is the 3rd largest exporter worldwide,and you're telling me that what you couldn't make it in Germany you can make in Cyprus 😅😅

[@patrick1992]

The burocracy is horrible in Germany. Also the tax authoritys make problems with everything. Every big write of they challenge like he is explaining with the suites. I have friends where the tax authoritys asked them why there was a Shisha on the dining invoice of an business meeting with a client... Thats a small inside for you😂

[@taxone]

We're talking mainly for small and medium sized businesses here. Of course, if you're a multinational company, life get's easier because you have a team of hundreds or thousands of people that deal with the daily hassle a solopreneur deals with. That's the main point why we think Cyprus is the superior choice when it comes to starting or scaling a business. But also for established companies, Cyprus offers a better tax scheme where you can safe a huge amount of taxes as a big company.