Cyprus income tax

Cyprus tax calculator

Enter your income to estimate what you would pay in Cyprus, as an employee or running your own company, and see the best-value cities. Get the full breakdown plus a vetted advisor by email.

How much is income tax in Cyprus?

Cyprus taxes personal income at rates up to 35%. Residents taxed on worldwide income; no special nomad regime.

Compiled by MyNomadWorld for Cyprus and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.

Cyprus digital nomad visa

Cyprus Digital Nomad Visa

• Income requirement: €3,500/mo net (after tax & contributions); +20% for spouse, +15% per child
• Initial length: 12 months · renewable
• Max stay: 1 year initial, renewable for up to 2 more years (max 3 years total). Programme is capped: gov.cy states 500 permits, but 2026 sources report the cap was raised to 1,000 in 2025
• Tax on nomad income: Cyprus tax resident if >183 days; foreign remote income taxed under normal rules but non-dom regime can exempt dividends/interest
• Family / dependents: Yes

Official source: Cyprus Digital Nomad Visa · as of 2026

Cyprus expat & digital-nomad tax regime

Under the Non-dom + 50% exemption regime, a qualifying new resident or foreign-income remote worker pays an effective rate of about 2.7% instead of the 35% headline. This benefit is temporary or conditional (it runs for a limited period or requires you to stay non-resident), so treat it as a head start, not a permanent zero.

Official source: PwC Cyprus (non-dom)

Capital gains, wealth & property tax

• Capital gains: 20% - only on gains from Cyprus-situated immovable property (and shares in companies holding such property). No CGT on securities/listed shares.
• Wealth tax: No net wealth/net worth tax (Immovable Property Tax also abolished from 1 January 2017)

Inheritance & gift tax in Cyprus

No inheritance/estate tax (Estate Duty abolished as of 1 January 2000) no tax on any beneficiary

Corporate tax & VAT

The standard corporate profits tax is 15%.

How to become a tax resident of Cyprus

>183 days in Cyprus in a calendar year, OR the 60-day rule (>=60 days in Cyprus, no >183 days in any other single state, Cyprus business/employment/directorship, and a permanent Cyprus home owned or rented).

Cost of living & lifestyle

Cost of living is about 65% of the US level, with average purchasing power near $57k (PPP). Pick a city below to see its monthly climate and cost.

Banking in Cyprus

You will want a local or multi-currency account for rent, bills and getting paid. See our guide to the best banks in Cyprus.

For receiving income and moving money the day you arrive, Wise lets you hold and convert 40+ currencies and get paid like a local. Open a free Wise account →

Wise link is an affiliate link; we may earn a commission at no cost to you.

Climate & cost by city

Average monthly temperature (°C) and rainfall. Climate: Open-Meteo ERA5; cost of living: World Bank PPP (same-year pairing), omitted where unavailable.

Cyprus tax treaties

Cyprus maintains around 68 double taxation treaties in force. They generally follow the OECD Model Convention and reduce withholding tax on cross-border dividends, interest and royalties, so the same income is not taxed twice when you move, invest or earn across borders. That is a broad network, useful for internationally mobile earners and investors.

Major treaty partners

Chips with a link open the full withholding-tax detail for that treaty pair.

Approximate size of the DTA network; confirm the specific treaty and its terms before relying on it.

Cyprus tax treaty guides

Detailed double-tax-treaty guides (withholding rates on dividends, interest and royalties) are available for 22 of Cyprus's partners:

Armenia · Azerbaijan · Bosnia and Herzegovina · China · Egypt · Ethiopia · Georgia · India · Iran · Jordan · Kyrgyzstan · Lebanon · Mauritius · Moldova · North Macedonia · Seychelles · South Africa · Tajikistan · Thailand · Turkmenistan · Ukraine · Uzbekistan