Non-Dom is automatic in Cyprus?

[MarkusCostigan]

Hi guys, if I were recognized as tax resident in Cyprus (without spending more than 183 days), would I be treated as a non-dom automatically (like Malta for Example)? Or does a request have to be made to get the nom dom? (for example as for 60day). Obviously I am not a Cypriot citizen nor do I have Cypriot ancestry.

Thank you.

 

[JohnLocke]

Are we talking about a company here, or are you referring to yourself as an individual?

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[Sols]

You technically and legally become a non-domiciled resident of Cyprus as soon as you take up residence in Cyprus if you aren't a Cypriot citizen or if you are a Cypriot citizen who hasn't lived in Cyprus for the last 20 years.

When the time comes to submit tax returns, you should first get a non-domicile exemption status from the tax office. It's a pretty easy process that can be done on your own, but it's worth spending a few hundred on having a law firm help you with the process.

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This is the probably the answer to your question.

 

[MarkusCostigan]

JohnLocke said:
Are we talking about a company here, or are you referring to yourself as an individual?
Click to expand...

Individual

Sols said:
You technically and legally become a non-domiciled resident of Cyprus as soon as you take up residence in Cyprus if you aren't a Cypriot citizen or if you are a Cypriot citizen who hasn't lived in Cyprus for the last 20 years.

When the time comes to submit tax returns, you should first get a non-domicile exemption status from the tax office. It's a pretty easy process that can be done on your own, but it's worth spending a few hundred on having a law firm help you with the process.
Click to expand...

Yes, the only problem is that when you apply for non-dom, you must prove that you are not tax resident in another country.

Or should this rule be made just to follow the fast 60 day procedure?

 

[Sols]

MarkusCostigan said:
Yes, the only problem is that when you apply for non-dom, you must prove that you are not tax resident in another country.
Click to expand...

No, there is no such check when you apply for non-dom status. Non-domicile status is unrelated to tax residence.

MarkusCostigan said:
Or should this rule be made just to follow the fast 60 day procedure?
Click to expand...

Indeed, that's just for the 60-day tax residence rule. They don't really ask for proof either, IIRC. It's just a statement you make along with providing some other data.

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This is the probably the answer to your question.