The non-domiciled rule was introduced by the Government of the Republic of Cyprus to attract start-ups to establish in Cyprus, encourage headquarters to relocate to Cyprus, and incentivize corporate executives and high-net-worth individuals to take up residency in the country. The Special Contribution for Defense Law (hereinafter referred to as “the SDC Law”) imposes […]
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Capital Gains Tax As a rule, Capital Gains Tax is imposed at 20% on all gains (regardless of the tax residence of the owner/seller) arising from: Direct Disposals and Indirect Disposals i.e. Disposals of shares of companies holding immovable property situated in Cyprus. Calculation The gain is calculated by deducting from the sales proceeds the
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