Moving to Cyprus as EU citizen

[orangekangaroo]

Non-Dom benefits can also be enjoyed without being a company shareholder.

But yes here we are all assuming whilst the OP is not involved in any if the discussions yet.

 

[CyprusLaw]

orangekangaroo said:
Non-Dom benefits can also be enjoyed without being a company shareholder.

But yes here we are all assuming whilst the OP is not involved in any if the discussions yet.
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Correct - but one of the main benefits enjoyed by a non dom - especially in the case of the OP who will not be an employee but will incorporate a company- is that there is no tax on dividend.

 

[rivertorain]

CyprusLaw said:
Correct - but one of the main benefits enjoyed by a non dom - especially in the case of the OP who will not be an employee but will incorporate a company- is that there is no tax on dividend.
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But that is the point. Why incorporate if your salaried income is tax exempt anyway?

 

[CyprusLaw]

rivertorain said:
But that is the point. Why incorporate if your salaried income is tax exempt anyway?
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In order for the abovementioned tax exemption to exist there needs to be an employer-employee relationship - for example contractors, freelancers etc cannot benefit from this. Therefore in order for this to apply you need to be an employee of a non-CY employer and render services for the Non-CY employer for over 90 days per tax year outside of Cyprus.