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Cyprus company tax residence

Alenka

Active Member
Jul 1, 2021
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Georgia
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Hello everyone!

1. If I have Cyprus company with 0 employees and I (management) was 70 days in Cyprus(ruling the company) and other days other countries but no more than 100 days, will my company be considered as a Cyprus tax resident company?
2. If I want to obtain personal tax residency I have to rent the flat. I have a friend of mine in Cyprus. Can he help me with that? Rent me housing (share) for free on paper? So that I do not pay huge sums for a year of personal housing. Or how is this rule circumvented?
 
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1. The best way would be to appoint a local nominee director, as the main test for a company’s tax residency is to show management and control in Cyprus.

2. With respect to the flat, you can make a rental agreement with your friend to show that you are renting a place in Cyprus.
 

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