How do work cyprus scheme

[theotheo]

Hello

I am not sure about how Cyprus scheme works

I am freelancer in IT and work remotely
Income 170-200 K EUR
I can leave and work from Cyprus
I can either stay 2month or more than 6 month in Cyprus

What scheme can be efficient ?
Thanks

 

[Sols]

It's been discussed dozens of times already. If you're an EU national or otherwise have the right to live and work in Cyprus, just go there, get a place to live, set up a local company, get non-domicile exemption, pay 12.50% corporate income tax, and pay yourself dividends instead of salary. The only tax you have to pay is around 2.65% GHS (max around 4,800 EUR/year).

Very simple. Have a good lawyer or accountant set everything up for you and manage your company. Will cost a few thousand EUR a year.

 

[CyprusLawyer101]

Different schemes are available and much of it depends on whether you have EU citizenship. Let me know if you want to discuss and I can PM you.

 

[Mssquirrel]

Different schemes are available and much of it depends on whether you have EU citizenship. Let me know if you want to discuss and I can PM you.

Is possible to do this or find a way around if you don't have EU citizenship or it gets too complicated?

 

[uplana]

Different schemes are available and much of it depends on whether you have EU citizenship. Let me know if you want to discuss and I can PM you.

nice to post something what is possible so it get's informative for the rest of us reading this thread!

Is possible to do this or find a way around if you don't have EU citizenship or it gets too complicated?

What did you figured out in order to solve this problem?

 

[CyprusLawyer101]

Is possible to do this or find a way around if you don't have EU citizenship or it gets too complicated?

It is still possible but more stringent requirements apply.