What Are The Main Benefits Offered By The Cyprus Non-Dom Regime?

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Cyprus offers; a warm climate, good infrastructure, convenient geographic location, membership of the EU, tax advantages for companies and incentives for individuals through the Cyprus non-dom regime.

Background
A tax law, approved by the Cyprus House of Representatives in 2015, provides significant benefits to individuals and to companies, relocating to Cyprus.

The Main Benefits
The main benefits of the legislation, in relation to individuals, include:

Special Defence Tax exemption for Cypriot non-domiciled tax residents;
Extension of the personal income tax reduction relating to the salaries of new residents.
Tax Exemptions Enjoyed by Tax Residents of Cyprus Who Qualify under the Non- kuwait mobile database domicile Tax Regime in Cyprus
As a result of previous tax legislation and the exemption from the Cyprus Special Contribution for Defence Tax (“SDC”) introduced in July 2015, non-domiciliaries are exempt from taxation in Cyprus on the following sources of income:

Interest;
Dividends;
Capital gains (other than on the sale of immoveable property in Cyprus);
Capital sums received from pensions, provident and insurance funds.
Capital Sums Remitted to Cyprus are Not Subject to Taxation
The tax benefits detailed above, are enjoyed even if the income has a Cyprus source or if it is remitted to Cyprus.

In addition there are NO wealth and NO inheritance taxes in Cyprus.