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Head-to-head · tax residents 2026

Cyprus or Spain: which should you move to?

Two of Europe's top relocation targets, both with newcomer regimes. Here is how they compare on the taxes that move the needle.

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FactorCY flag Cyprus ES flag Spain
Top personal income tax35%47%
Corporate tax15%*25%*
Capital gains taxNoneTaxed
Dividend tax0%19% to 28%
VAT / sales tax19%21%
Wealth taxNoYes
Inheritance taxNoYes
Foreign incomeWorldwideWorldwide
Headline expat regimeNon-dom + 50% exemptionBeckham Law
Cost of living (vs your country)6564
Population1,370,75449,355,143
Area9,250 km²504,782 km²
Population density148/km²98/km²
Airports (large + medium)555
Annual tourists4,117,00036,410,000
Flight time from your country··
Direct flight likely?··
Life expectancy81.8 yrs83.8 yrs
Safety (homicides/100k)0.80.7
Happiness (0-10)6.166.4
Corruption index (higher = cleaner)57/10062/100
Double-tax treaties (approx)~68~93
Internet speed (median fixed)166 Mbps278 Mbps
Healthcare spend / person$2,899$3,107
Air quality (PM2.5, lower=better)16.0710.08
Time zone (approx)UTC+2UTC
Digital nomad visaYesYes
Official languages2 (Turkish, Modern Greek)1 (Spanish)

Green = more favourable. Cost of living shown as a percentage of your home country (under 100% = cheaper than home). Tax data: compiled by us, being re-verified; cost of living: World Bank PPP; area & population: GeoNames; life expectancy & homicide rate: World Bank.

* Cyprus: 12.5% up to 31 Dec 2025; rises to 15% standard rate from 1 Jan 2026.  ·  Spain: 15% for newly created companies (first 2 profitable years) and qualifying start-ups (first profitable year + 3). Micro-enterprises (turnover

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