Digital Nomads in Cyprus: A Comprehensive Guide
Cyprus has become a top destination for digital nomads, especially non-EU nationals, offering a favourable Digital Nomad Visa scheme. However, legal challenges around visas, taxes, and employment laws need to be considered first.
Key Points:
- Visa Rules: The Cyprus Digital Nomad Visa allows a one-year stay, extendable for two years. Applicants need proof of employment abroad and a minimum income of €3,500 per month.
- Tax: Non-domiciled status offers tax exemptions for up to 17 years, but staying over 183 days in a calendar year could trigger tax residency.
- Employment: Ensure contracts comply with both home and Cypriot immigration laws. Social security contributions depend on residency status.
- Business Opportunities: Cyprus is a business-friendly environment with low corporate taxes and growing opportunities for entrepreneurs.
- GDPR Compliance: Digital nomads must ensure data protection and cybersecurity measures align with GDPR regulations.
Read the full guide here and stay updated on the latest legal developments.
The content of this article is valid as of the publication date mentioned above. It is intended to provide a general guide and does not constitute legal or professional advice, nor should be perceived as such. We strongly recommend that you seek professional advice before acting on any information provided.
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