Abolishing non-domicile status in the UK. What is it exactly and why these changes can be beneficial for the economy of Cyprus? In March 2024, the UK chancellor announced plans to phase out the non-dom tax regime. Following the recent elections, it was announced that this tax regime will be abolished by 06 April 2025. What exactly is non-dom (Domicile)? Non-dom is a British tax status that has been available since the French Revolution. Domicile comes from the Latin word Domus which means house and refers to a person whose...
Guide for Buying Property in Cyprus for Foreign Investors The real estate market in Cyprus is full of investment opportunities, ranging from newly developed locations and high-end apartments to luxury beachfront villas. In this article, we will provide you with a simple guide for the most important things you need to know before you decide to buy a property in Cyprus. Cyprus is a small island country in the eastern Mediterranean Sea, famous for being...
Opening a bank account in Cyprus Table of Contents Are you thinking of moving to Cyprus and you are in search of a house or property?In this article, you will learn all you need to know about the procedure of how foreign citizens can open an account in the Republic of Cyprus.Imagine that you find a huge opportunity whether it’s for investment or housing purposes, and you are not ready to make a bid. It is very important to be...
