Capital: Nicosia
Currency: Euro
Timezone: UTC+2 (DST UTC+3)
Corporate tax rate: 12,5%
Personal tax rate: First 19.500€ tax free. Then progressive up to 35%
Capital gains tax: 0% for shares. 20% for immovable property.
VAT: 19%
Tax residence: 183 days rule. Option for becoming a tax resident after 60 days of presence in the year (while not creating a tax residency in another country at the same time)
CFC Rules: No
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