How to Become a Cyprus Tax Resident in 60 Days: A Complete Guide
27
08.2025
Content
Many entrepreneurs, investors, and professionals with international income face the same challenges. You conduct business in several countries, receive dividends or royalties, work in IT or finance with international clients — then you are certainly familiar with the following questions:
- Where can you legally optimize taxes on international income?
- How can you protect capital and avoid being “tied” to one country?
- How can you minimize the risks of Controlled Foreign Companies (CFC) reporting and avoid double taxation?
- How can you ensure long-term tax security for your family and your business?
Cyprus offers an effective solution: obtaining tax residency under the “60-Day Rule.”
The 60-Day Cyprus Tax Residency is an opportunity to legally reduce taxes, remain mobile, and at the same time protect your capital in a stable EU jurisdiction.
In this article, we will explain step by step how to obtain tax residency in Cyprus under the 60-Day Rule.
Tax Residency in Cyprus
Obtaining tax residency status in Cyprus in 2025 is possible in two ways:
- The Standard 183-Day Rule — an individual is considered a resident if he or she spends at least 183 days a year on the island.
- The 60-Day Rule — a unique regime that allows you to become a tax resident of Cyprus if you spend only 60 days in the country within a calendar year and meet certain conditions.
Thus, Cyprus allows you to choose the most convenient regime depending on your lifestyle: whether it is permanent residence on the island or a mobile format when you spend only part of the year in the country, while maintaining all tax advantages.
Benefits of Cyprus Tax Residency in 60 Days
This regime allows you to manage assets worldwide without residing most of the year in one country, while benefiting from all Cyprus tax advantages.
- Non-Domicile status and tax benefits for 17 years: foreign citizens who obtain Cyprus tax residency may apply for Non-Domicile status, which provides exemption from taxes on dividends, interest, and capital gains (except capital gains from the sale of real estate in Cyprus).
- Fast acquisition: instead of 183 days, it is enough to spend only 60 days. This allows you to become a tax resident of Cyprus more quickly without changing your usual lifestyle.
- Flexibility in international activity: the ability to manage business in different countries while retaining Cyprus tax residency.
- Optimization of taxes on foreign income: Cyprus tax residents are exempt from paying taxes on passive income (dividends, interest, capital gains) earned both abroad and in Cyprus.
- Exemption from CFC reporting: once you obtain Cyprus tax residency, you are no longer obliged to submit reports on Controlled Foreign Companies (CFC) in your previous jurisdiction.
Read also: Taxes in Cyprus — Overview of the Tax System, Rates, and Benefits 2025
Key Conditions for Obtaining Cyprus Tax Residency in 60 Days
Many people are familiar with the formula: “60 days in Cyprus + a company = tax residency with Non-Dom status.” But in practice, this is only part of the requirements. According to the 60-Day Tax Residency Rule, an individual may obtain this status if the following conditions are met during the relevant tax year.
| Condition | What This Means for You |
| Residence in Cyprus for at least 60 days | It is enough to spend only 2 months in the country per year, which can be completed over several visits. |
| Immigration status with the right to work | A residence permit is required for legal stay, which allows you to work and conduct business. A tourist visa does not grant such rights. For Ukrainian citizens, the Temporary Protection status is applicable. |
| Economic activity in Cyprus | Your center of interests must be in the country: a company, business, or office. This confirms your genuine connection with Cyprus. |
| Employment in a Cypriot company | You must be officially employed. This may be your own company where you hold the position of director. It is important to receive a salary and make contributions to the social insurance system. |
| Availability of housing in Cyprus | Either owned real estate or rented accommodation under a long-term contract, along with utility bills in your name. |
| Cypriot bank account | A personal bank account and a corporate account for the company. |
| Absence of tax residency in another country | You must not be a tax resident of another state and must not reside in any other country for more than 183 days. |
By combining these factors correctly, you will be able to obtain an official Cyprus Tax Residency Certificate and enjoy all tax benefits.
Procedure for Obtaining Cyprus Tax Residency in 60 Days
To obtain Cyprus tax residency under the 60-Day Rule, several steps must be completed. We support our clients at every stage to ensure the process is as fast and accurate as possible.
1. Fulfilling the Conditions
Compliance with all key requirements described above: obtaining a residence permit, receiving a tax identification number, spending at least 60 days in the country, having accommodation and bank accounts, registering a company and/or being officially employed.
2. Submission of the Application
An application is submitted through TAXISnet — the online portal of the Cyprus Tax Department. Through this system, the taxpayer is registered, tax returns are filed, and taxes are paid.
Important: the application must be correctly completed in Greek or English, and all documents must be valid at the time of submission.
3. Documentary Proof of Economic Activity
- Company ownership: Certificate of Incorporation, company office address and rental agreement, as well as documents proving economic activity (financial reports and others).
- Employment: for company directors — documents confirming their position and information on salary for at least 2 months.
- Proof of residence: rental agreement or property ownership documents, and confirmation of utility payments (electricity and/or water) in the applicant’s name.
4. Obtaining the Tax Residency Certificate
A Tax Residency Certificate (TRC) is issued — a document confirming Cyprus tax residency and the right to apply Double Taxation Avoidance Agreements.
It is also possible to obtain Non-Dom status: exemption from taxation on dividends, interest, and rental income; extended opportunities for tax planning.
5. Maintaining the Status
To maintain Cyprus tax residency, it is necessary to: file annual tax returns through TAXISnet; pay contributions to the social insurance system (if required); continue meeting the physical presence and economic activity requirements.
Who Benefits from the 60-Day Residency?
The Cyprus 60-Day Tax Residency is suitable for those who want to minimize taxes while maintaining international mobility:
- Entrepreneurs managing businesses in multiple countries.
- Investors receiving dividends, interest, or passive income abroad.
- Owners of international structures who want to reduce CFC reporting risks and optimize corporate taxation.
- Individuals who live in several countries and do not spend more than 183 days in any of them — for such individuals, Cyprus 60-Day Tax Residency is the optimal solution, allowing them to legalize their status and benefit from EU tax advantages.
Legal Services of Feod Group
Since 2007, the team of lawyers and consultants at Feod Group in Cyprus has been assisting entrepreneurs, investors, and families who choose the island for business, tax planning, and relocation.
Our clients receive not just separate services but a full range of support, including:
- obtaining immigration status;
- registering a new company or purchasing a ready-made business with an open bank account;
- opening bank accounts in Cyprus;
- providing a legal address, real office, and secretarial services;
- organizing rental or purchase of housing with utility bills in your name;
- obtaining a Cyprus Tax Residency Certificate and Non-Dom status.
Feod Group is your legal, tax, and business support in one place. With us, you save time and receive a strategic solution for living and working in Cyprus.
Book a consultation in our office in Larnaca or online!
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Under the 183-Day Rule, you must live in Cyprus for most of the year. The 60-Day Rule allows you to become a tax resident by spending only two months in the country while retaining all tax benefits.
You gain access to one of the most favorable tax systems in the EU while maintaining mobility. It is enough to spend just 60 days per year in Cyprus to enjoy benefits, including the Non-Dom status.
Tax residency in Cyprus is available to entrepreneurs, investors, owners of international companies, and professionals with foreign income. The key requirements are: spending at least 60 days in Cyprus, having a residence permit, housing, and economic activity in Cyprus, and not residing in another country for 183 days.
- Cyprus residence permit;
- Tax Identification Number (TIN);
- rental agreement or property ownership documents + utility bills;
- documents confirming company registration or employment;
- proof of staying in Cyprus for 60 days;
- bank accounts (personal and corporate).
Yes, if you have official employment in a Cypriot company. However, in most cases, it is simpler and more beneficial to open your own company and employ yourself as a director.
Contact us
For enquiries please fill in the form below. Our consultants will contact you with the details.
Griva Digeni 49, Chrystalla Court 1st Floor Office 11, 6036 Larnaca, Cyprus
11B Lyuteranska St., off. 23, 01024
