The best tax system in EU for new citizens

For Citizens and Residents in Cyprus



Cyprus has many tax advantages for companies doing business on the island. Cypriot tax system is very favourable and compliant with EU laws. A great number of tax treaties makes Cypriot legislation the best for business activities in the EU.


The main tax rules may be summarized as follows:


Corporate Tax. Advantages

  • the lowest tax rate in the EU -12.5%,;
  • no withholding tax on royalties from the exercise of rights outside Cyprus;
  • no tax on interest or dividends (for non-residents);
  • favourable tax treatment of losses;
  • tax free repatriation of profits and capital
  • no tax on profits from permanent establishment outside Cyprus (subject to conditions);
  • signed tax treaties with 40 countries;
  • no tax on profits from re-organisation;
  • no tax on capital gains from securities;


Personal Income Tax

A tax resident of Cyprus is a person who stays on the island for 183 days within a calendar year. Residents are taxed on income earned in Cyprus and abroad. Non-tax residents are taxed on income earned in Cyprus.

Tax free income is 19,500 a year, the highest tax rate is 35%.


Main tax provisions:

  • low income tax;
  • no tax on dividends and interest, subject to conditions;
  • no tax on profits of a permanent establishment abroad or on salary earned abroad, subject to certain conditions;
  • no tax on gains from sale of securities;
  • loss could be deducted from taxable income (current and previous years), subject to conditions;
  • pension, compensation for death, provident and pension funds, or other approved funds are exempt from tax.


Value Added Tax

The standard rate of VAT is 19%. Reduced rates – 9%, 5% and 0% apply to specific goods and services. Citizens of non-EU countries may claim a VAT refund on departure from Cyprus.


Special Tax privileges. International Trusts

Due to many tax advantages, Cypriot international trusts may be used for very profitable tax planning:

  • exemption from any tax on income or gains derived from sources outside Cyprus;
  • income received from a Cypriot company is also not taxable;
  • gains from disposal of assets are not taxed.


Holding Companies

A holding company can be effectively utilized for international tax planning. In summary, a holding company offers the following advantages in comparison with major tax systems:

  • no withholding tax on dividends from subsidiaries outside Cyprus;
  • no tax on capital gains or income from liquidation of a holding company;
  • no withholding tax on profit distributions, subject to conditions;
  • exemptions from withholding tax on holding company’s outward dividends for non-resident shareholders;
  • exemptions from tax on profits from a permanent establishment outside Cyprus (subject to conditions);
  • tax treaties with 40 countries,


Taxation of Shipping Companies

Profits from the operation of vessels registered in Cyprus or on dividends received from a ship-owning company are taxed at a zero corporate tax rate.


Cyprus Tax Treaty Partners. Double Taxation Agreements



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Our specialists are at your service. We can inform you, without any obligations on your part, about all the aspects of investment, current laws and the administration process to obtain

Cypriot Passport investment

or Residency Permit. We will be pleased to help you.


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Cyprus Citizenship by investment


We can assist you



"Golden Gate” supported by Athman Investments was created to address your needs,

to help you take a step toward a safer future, future of your children.


We would like to support you also for personal reasons and with full confidence.

We have already made that step ouselfs.

We would like to help you choose the luxury property which meets

your expectations and assist you in the process of getting

passport by investment in Cyprus

or Residency until you and your family obtain

Cyprus EU second citizenship

or Cypriot residency permit.


We can assure you of the highest level of our services. We are independent advisors,

which means that we do not represent a development company

– we represent the client. Therefore, we can offer the best, carefully chosen properties

from different developers.





Cypriot EU second passport

in just 3 month


Investors and their families can get, under the law adopted on 19 March 2014, second passport by

Cyprus Citizenship Investment Program


The fast application process saves a lot of time for investors and their families, who can now get

Cypriot passport by investment in just 3 months.

The process is simple and straightforward. Cyprus is one of the few EU countries offering

citizenship by investment in Cyprus

directly, without residency requirements. In other countries, applicants must first

obtain a residency permit

and, after a period of five to ten years, may file a new

application for Cyprus citizenship by Investment.


The Cypriot system has transparent procedures based on economic criteria

and the requirement of a clean criminal record.





Good profit from investment in Cyprus

on property market


Today, after six years of falling house prices, the Cypriot housing market

reached the bottom. Since the beginning of the crisis, prices have dropped 25% to 37%.


We think that most of the conditions for secure and good investment in Cypriot properties are met.

Golden Gate will be honoured to support you on your way

toward owning a new house and obtaining Cypriot passport or residency permit.