• IN612 Residence/'Golden Visa' Programmes: Cyprus, Malta and Portugal

    IN612 Residence/'Golden Visa' Programmes: Cyprus, Malta and Portugal The three Mediterranean countries of Cyprus, Malta and Portugal each offer attractive residence and citizenship programmes. This Article details the different criteria that are applicable and who the different programmes are available to. Programme Cyprus Permanent Residence Permit Malta Residence and Visa Programme Portugal Golden Visa Any Jurisdictions excluded? No Iran No Can dependant unmarried children be included? Yes, up to 4 Yes Yes … more

  • IN602 The Cyprus Non-Domicile Regime - An Attractive Tax Regime For Individuals Relocating To Cyprus

    IN602 The Cyprus Non-Domicile Regime - An Attractive Tax Regime For Individuals Relocating To Cyprus Why Cyprus? Cyprus has become an attractive option for companies and individuals. Advantageous tax incentives exist and Cyprus is popular as both a corporate and residential location, offering a sound infrastructure, and also enviable weather.  Benefits Enjoyed by Tax Residents of Cyprus who are not Domiciled in Cyprus As a result of pre-existing tax legislation and the exemption from Cyprus’ Special Contribution to Defence Tax (SDC), introduced in 2015 legislation, non- … more

  • IN450 - Residence and Citizenship Programmes

    IN450 - A Move of Residence Updated July 2019 Please note that as a general principle EEA citizens are free to move to other EEA countries. Switzerland is in the Schengen Area and as such EEA citizens can move there and vice versa. The residence schemes detailed (excluding St Kitts & Nevis) are therefore applicable to non-EEA individuals for each of the countries featured. Please note, however, that where freedom of movement is not the prime motivator, a number of the programmes may be of interest to other EEA citizens and are open to them. St Kitts & Nevis is not in the EEA and … more

  • IN510 - Moving to Cyprus - The Benefits for Individuals and Key Advantages of Cyprus Companies

    Cyprus is an attractive option for individuals seeking to move their country of residence. It offers a warm climate, good infrastructure, and convenient geographic location. It also offers attractive tax advantages for companies and incentives for individuals through the Cyprus non-domicile regime, as well as benefits for highly paid employees moving to Cyprus. Cyprus is accessible from Europe, Asia and Africa and Nicosia is its capital. The population of Cyprus is approximately 1.2 million with 180,000 foreign nationals living in Cyprus (15% of the population). Individuals Moving to Cyprus … more

  • IN509 - Alternative Jurisdictions to Consider for Non UK Domiciles Wishing to Move Out of the UK

    IN509 - Alternative Jurisdictions to Consider for Non UK Domiciles Wishing to Move Out of the UK The UK non-domicile regime remains a relatively attractive option with UK non-domiciles (“non-doms”) continuing to have the opportunity to enjoy significant tax advantages for a period of up to 15 years. Major reforms regarding how UK non-domiciles are taxed were introduced in April 2017. As detailed in the Dixcart Article: UK Tax Residence - Planning Opportunities, Case Studies and How to Get it Right, individuals are now deemed domiciled in the UK if tax resident in the UK in 15 of … more

  • IN485 - New "60 Day" Tax Residency Rule for Individuals in Cyprus

    IN485 - New "60 Day" Tax Residency Rule for Individuals in Cyprus In July 2017, the Cyprus Parliament voted for an amendment to the current criteria used to determine Cyprus tax residency. In addition to the 183 day rule, a second test is being introduced in relation to an individual’s tax position in Cyprus. The  current “183 day rule” applies to individuals who have physically resided in Cyprus for more than 183 days during one calendar year. In addition to this, a second test will be implemented whereby an individual will be able to become Cyprus tax resident in 60 … more

  • IN464 - The Cyprus Investment Programme and the Benefits

    The Cyprus Investment Programme is rapidly becoming one of the EU’s most popular residence schemes. Non Cypriot citizens (and their families) can acquire Cyprus Citizenship by investing €2.5 million* in Cyprus. *In one specific set of circumstances as detailed below in the financial criteria, the investment required is €2.0 million. A non-Cypriot citizen who meets one of the financial criteria detailed below can apply for Cypriot citizenship ‘through naturalization by exception’. Following the application, Cyprus citizenship will be granted in six months, … more