Non-domiciled individuals
Definition of non-domiciled
In accordance with the provisions of the Wills and Succession Law, there are two kinds of domicile:
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domicile of origin; i.e. the domicile received at birth (generally dependent on the father side), or
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domicile of choice; i.e. domicile acquired by establishing physical presence in a particular place and by demonstrating sufficient intention to make it the place of permanent residence
Irrespective of their domicile of origin, an individual who remains a tax resident of Cyprus for a period of at least 17 years out of the last 20 years prior to the tax year in question, shall be deemed as domiciled in Cyprus for SDC purposes.
Tax benefits for non-domiciled individuals
Non-dom individuals benefit from being exempt from special defense contribution (SDC) on dividends, interest an rental income.