FinHub Cyprus - no dividend tax

Non-Domiciled Rule. What does it mean for me? Non-Domiciled Rule. What does it mean for me?

Non-Domiciled Rule. What does it mean for me?

Enjoy worldwide tax free dividends in Cyprus by taking advantage of this special tax status Cyprus has to offer.

FinHub / Tuesday, July 27, 2021 0 1070 Article rating: No rating

The non-domiciled rule is a clever tax law which was introduced by the Cyprus Income Tax office few years ago and it is a tax status for individuals who have not been living in Cyprus 17 out of the last 20 years.

Benefits of this tax status?

Individuals who are living in Cyprus and are tax residents but not domiciled are not subject to special defense tax which applies to dividend income, interest income and rental income.

Therefore, an individual with worldwide dividend income is entitled to tax free dividends.

Real Client Quotation - Need to relocate to Cyprus for the US

They are into the gaming industry, need to create a company and protect their IP rights

FinHub / Thursday, July 22, 2021 0 858 Article rating: No rating

My wife and I own and operate a growing video game studio together and are considering moving ourselves and our business to Cyprus for a mixture of tax and lifestyle reasons.

We and the business are currently located in the USA and are the only employees or owners (though we do have a number (around a dozen) of independent contractors, as well). I'm American (by Birth and nationality), and my wife is Dutch (also by birth and nationality.)

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