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Guide to Naturalization Requirements

This article provides a brief analysis of the requirements for naturalization under Cyprus law. 1. General Naturalization Requirements To obtain Cypriot citizenship through naturalization, applicants must meet the following conditions: (a). Residency Requirements: Applicants must have legally and continuously resided in Cyprus for the 12 months immediately preceding the application date, in addition to 7 […]

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Non-Domicile Status

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

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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