What is Non-Dom status and how does it save tax?
Non-domiciled (Non-Dom) status exempts Cyprus tax residents from Special Defence Contribution (SDC) on dividends — a 17% tax that domiciled residents pay. Combined with 15% corporation tax and 0% withholding tax on dividends, this makes Cyprus highly tax-efficient for qualifying individuals.
When do I need to register for VAT in Cyprus?
VAT registration is mandatory when your taxable turnover exceeds €15,600 in any 12-month period. For B2B services sold to EU businesses, reverse charge applies regardless of turnover. A tax advisor can help you determine the right registration timing.
What is the IP Box regime in Cyprus?
The IP Box allows Cyprus companies to pay corporation tax at an effective rate of 3% on qualifying intellectual property income (software royalties, patents, etc.) — compared to the standard 15% CT rate. This requires a qualifying IP asset registered or developed in Cyprus.