Retirement Program
Overseas pensions are taxed at a flat rate of 5%
Main highlights
Overseas pensions are taxed at a flat rate of 5% on amounts exceeding EUR3,420 per annum.
If you qualify for the double tax treaty with your country of origin, you may choose to become a tax resident of Cyprus and take advantage of the above rule.
- 0% Inheritance tax
- 0% Wealth tax or Gift taxes in Cyprus.
- With Cyprus Inheritance and gift law, there will not be any tax when you want to transfer your Cyprus property to your loved ones.
- No Capital Gains Tax on the sale of immovable property situated outside Cyprus.
Our team will research and find your ideal home for your retirement and help you settle down in no time.
Benefits of Retiring in Cyprus
Comfortable Island Living
- Strategic geographical location at the crossroads of 3 continents
- Easily accessible by air – Major airports in Paphos and Larnaca
- Western style democracy
- Legal system based on English Law
- Stable economy
Safe and Family Friendly
- Relatively low cost of living
- Crime rate is low
- Education available at all levels (from kindergarten to university)
- Reliable telecommunications network
- High-standard banking facilities
- Good Healthcare system
Amazing lifestyle
- Fantastic Mediterranean climate
- Stunning beaches and coastline
- Cleanest bathing waters in Europe
- Most “Blue-flag” beaches per coastline in the world
- Enjoy local and international cuisine
Favourable Taxation
- Double Taxation agreements with over 60 countries
- Cyprus tax rates
- 0% Inheritance Tax
- 0% Property Tax
- 0% Tax on dividends for Non-Domiciled individuals
- 5% Tax on pensions for amounts exceeding 3,420 EUR
- 12.5% Corporate Tax on profits
It is advisable to have a Tax Consultancy case study for your individual case, with one of our international tax advisors.
Related topics to read:
How to become a non-domicile tax resident of Cyprus
Tax incentives for foreign individuals to become Cyprus Residents Main highlights The “Non-Domicile Scheme” was introduced in 2015 and in