Definition & Legal Basis
The 60-day rule, introduced by Law 119(I)/2017, allows the acquisition of Cyprus tax residency with just two months of physical presence. It complements the traditional 183-day rule and targets international professionals seeking flexible residence.
Detailed Eligibility Criteria
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At least 60 days of physical presence in Cyprus during the tax year.
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No more than 183 days in any other country and no tax residency elsewhere.
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Maintenance of a permanent residence (purchase or rental) in Cyprus.
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Engagement in business activity or position as a director in a Cypriot company.
Non-Dom Tax Benefits
Joining the non-dom regime exempts the Special Defence Contribution on dividends, interest, and rental income for 17 years.
Access to 67 Double Taxation Avoidance Agreements facilitates cross-border tax optimization.
Common Mistakes & Tips
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Make sure to register the rental agreement with the Tax Department for full documentation.
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Conduct at least one Board of Directors meeting with physical presence to strengthen substance.
