A high net worth individual or as commonly known a HNWI is a person with multiple income streams usually in various geographical locations (tax jurisdictions) and as a result a prospect client for tax planning services. Cyprus has introduced a very attractive tax incentive scheme called the "non dom" tax status specifically design for such persons. Other countries may have similar incentives and this is something we can examine on your behalf.
In a nutshell, such a person can enjoy tax free dividends across the globe by staying in Cyprus for only 60 days and becoming a Cyprus Tax Resident. Like all tax incentives certain requirements and restrictions apply as follows:
Note: Origin of domicile is defined at birth and as a rule is the domicile of the father and in some rare instances / occasions of the mother.
If you are a shareholder receiving large amounts of dividends in high tax jurisdiction and you travel a lot then you should consider the possibility of changing your tax residency as the tax benefits, savings of 0% dividend tax outweigh any possible inconvenience such as travelling to Cyprus for a few days which is a great opportunity to meet up with high level tax advisors and lawyers who can assist you with your existing and other business issues.
In addition as trading in securities is entirely tax free in Cyprus, tax free dividends and trades are perceived as irresistible benefits by a portion of our clients.
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Additional Benefits
Cyprus first employment in the republic tax incentives appears to be extremely attractive to high income earners as remuneration exceeding Euro 100,000 enjoys a 50% personal income tax discount for the first 10 years of employment in the Republic of Cyprus.
CYAUSE Audit Services has also assisted numerous individuals and entrepreneurs in relocating to Cyprus and establishing personal holding companies or single-member structures tailored to their financial goals. By guiding clients through the relocation process, tax registration, and company setup, CYAUSE ensures a smooth transition into the Cyprus business environment. These structures are particularly attractive for professionals, consultants, and investors seeking to centralize their income streams within a reputable EU jurisdiction while maintaining flexibility and control over their operations.
One of the main drivers behind this move is Cyprus’s highly advantageous non-domicile (non-dom) regime. Individuals who become Cyprus tax residents but remain non-domiciled can benefit from zero tax on dividends for up to 27 years, creating a powerful incentive for wealth optimization. Combined with the country’s 15% corporate tax rate and straightforward legal and tax framework, this allows individuals to extract profits efficiently while remaining fully compliant. As a result, shareholders enjoy significant tax savings, clarity, and long-term stability in managing their personal and business income.