Becoming a digital nomad and relocating to Cyprus
Working remotely while traveling to different locations is a common practice for digital nomads. Cyprus offers a fantastic opportunity for digital nomads with its temporary residence permit, known as the Cyprus Digital Nomad Visa. This guide provides essential information on digital nomadism in Cyprus.
How to become a digital nomad in Cyprus?
Start by applying at your country’s Cyprus embassy or consulate. Once approved, move to Cyprus and apply for the temporary residence permit (digital nomad residence permit) through the Civil Registry and Migration Department.
Visa application
To be eligible, you must be a non-EU or non-EEA national. The visa requirements include working remotely using telecommunications technology, having an employer registered outside Cyprus, possessing a valid passport for at least three months after arrival, and proving a stable net monthly income of at least €3,500.
Benefits of being a digital nomad in Cyprus
Working as a digital nomad in Cyprus offers several benefits, including the right for family members to reside in the country. Tax residents enjoy the favorable Cyprus tax system. Tax residency is achieved by residing in Cyprus for more than 183 days per year or 60 days per year without being a tax resident elsewhere.
Remote work in Cyprus
Cyprus offers a special visa for remote workers. The digital nomad visa allows individuals with employers based outside Cyprus to work remotely.
Cyprus digital nomad taxes
Digital nomads with an income of €55,000 or more can benefit from a 50% tax exemption. General taxation rules apply, with no tax on income up to €19,500 and varying rates thereafter. Cyprus offers a favorable tax system with no tax on dividends, interest, and inheritance.
What is a digital nomad?
A digital nomad is someone who works remotely from any location worldwide. Cyprus’s digital nomad visa caters to individuals working remotely via telecommunications technology. Tax incentives and the ability to bring family members make Cyprus an attractive option. The island boasts excellent internet infrastructure, coworking spaces, and amenities, combined with a high quality of life, good weather, and a cosmopolitan community.
FAQs
A digital nomad in Cyprus works remotely using telecommunications technology, with their employer registered outside the country.
To obtain a residence permit in Cyprus, digital nomads must prove a minimum net monthly income of €3,500.
Digital nomads eligible for Cyprus residence permits are third-country nationals (non-EU and non-EEA) working remotely for an employer registered outside Cyprus.
Digital nomads must have a minimum net monthly income of €3,500. Their family members are not allowed to work in Cyprus.
Digital nomads can work in Cyprus for one year, with the option to renew their residence permit for another year.
Digital nomads in Cyprus do not pay taxes on income up to €19,500. Taxation rates vary for income above this threshold.