Tax Updates Archives

Cyprus R&D Super-Deduction 2026: The 120% Deduction Explained

Kyriacos Socratous2026-10-08T10:30:52+03:0027/08/2026|Tax Updates|

This article is for general information only and should not be treated as tax, legal or professional advice. Tax law changes frequently and the application of any rule depends on the specific circumstances of each taxpayer. Professional advice should be obtained before acting on the information in this article. Introduction Cyprus has long provided tax deductions for expenditure incurred on scientific research and research and development activities. A specific additional deduction equal to [...]

Cyprus 60-Day Tax Residency Rule: 2026 Simplification Explained

Kyriacos Socratous2026-07-13T13:32:20+03:0013/07/2026|Tax Updates, Uncategorized|

From 1 January 2026, you can become a Cyprus tax resident by spending just sixty days in Cyprus, carrying out business activity in Cyprus, and maintaining a permanent home—provided you do not spend more than 183 days in any other single country. If you're planning a move through Cyprus relocation services, understanding these new rules is essential. The previous requirement to not be tax-resident in any other state has been removed, with dual residency [...]

Moving to Cyprus 2026: Tax, Residency & Benefits Guide

Kyriacos Socratous2026-09-29T09:07:27+03:0022/06/2026|Business News, Tax Updates|

Moving to Cyprus in 2026: The Complete Tax and Residency Guide Cyprus has been one of Europe's most tax-efficient jurisdictions for international residents and business owners for decades. The 2026 tax reform — one of the most significant legislative overhauls in Cypriot tax history — has made it more attractive than ever for the right profile of individual. This guide covers everything you need to know about moving to Cyprus in 2026: how [...]

Why Entrepreneurs Are Choosing Cyprus Over the UK: A 2026 Tax Comparison

Kyriacos Socratous2026-09-01T10:53:31+03:0020/05/2026|Tax Updates|

Something has shifted in the calculations of internationally mobile entrepreneurs. For decades, the United Kingdom's combination of business infrastructure, legal framework, and — for those who qualified — generous non-domicile tax treatment made it one of the world's most attractive locations for high-net-worth business owners and investors. That calculus has changed materially. The UK's corporate tax rate now stands at 25% for profitable companies. The non-domicile regime — once a cornerstone of UK [...]

How to Relocate to Cyprus After UK Tax Changes: Step-by-Step Guide

Kyriacos Socratous2026-09-01T10:53:50+03:0010/04/2026|Tax Updates|

Recent UK tax changes have prompted many entrepreneurs, investors, and professionals to reassess their financial and residency strategies. As regulatory frameworks evolve, individuals are increasingly exploring jurisdictions that offer clarity, stability, and competitive tax structures. Cyprus has emerged as one such destination, known for its business-friendly environment and structured residency pathways. Relocating to Cyprus is not simply a lifestyle decision. It involves legal, financial, and administrative considerations that require careful planning. This guide [...]

Leaving the UK After the Non-Dom Changes: The Complete Guide to Relocating to Cyprus

Kyriacos Socratous2026-09-01T10:54:02+03:0009/04/2026|Tax Updates|

The UK government introduced major reforms to the taxation of internationally mobile individuals from 6 April 2025, marking the end of the long-standing non-dom tax regime. These changes significantly alter how foreign income, investments, and global assets are taxed for many UK residents. For decades, the non-dom regime allowed certain UK residents to benefit from the remittance basis of taxation, meaning foreign income and gains were taxed only if brought into the UK. With the abolition [...]

Why UK Entrepreneurs Are Choosing Cyprus After Tax Reform

Kyriacos Socratous2026-09-01T10:54:32+03:0002/04/2026|Tax Updates|

Recent tax reform in the United Kingdom, which includes changes to non-dom regime (upcoming abolition/reform), increased corporation tax (19% → 25%) and dividend tax changes, have led many entrepreneurs to reassess how and where they operate their businesses. Changes affecting taxation, residency rules, and long-term financial planning have encouraged business owners to explore alternative jurisdictions that offer clarity and stability. Cyprus has increasingly become part of this conversation. Known for its structured tax [...]

UK Tax Changes in 2025: Why Many Entrepreneurs and Investors Are Considering Relocation to Cyprus

Kyriacos Socratous2026-03-17T13:22:26+02:0010/03/2026|Tax Updates|

Major changes to the UK tax system came into effect from 6 April 2025, fundamentally altering how internationally mobile individuals and business owners are taxed. The long-standing UK non-dom regime has been abolished, replacing the domicile-based tax framework with a residence-based system. (GOV.UK) For decades, the UK was one of the most attractive jurisdictions for entrepreneurs, investors, and international families because foreign income and gains could often be taxed only when remitted to the UK. With the removal [...]

Social Insurance Contributions – Updates Effective 1 January 2026

Kyriacos Socratous2026-02-27T07:45:19+02:0029/01/2026|Tax Updates|

Social Insurance Contributions – Updates Effective 1 January 2026 Social Insurance Contributions – Updates Effective 1 January 2026 As part of the annual adjustments to the Cyprus social insurance framework, the maximum insurable earnings threshold has been revised upward for 2026. Revised Maximum Insurable Earnings Effective from 1 January 2026, the maximum amount subject to social insurance contributions increases to: €68,904 per annum [...]

Deemed Dividend Distribution 2025

Kyriacos Socratous2026-02-27T08:49:58+02:0023/12/2025|Tax Updates|

Deemed Dividend Distribution for 2025 Deadline 31/01/2026 Deemed Dividend Distribution (DDD) – Key Obligations for 2025 Cyprus tax resident companies with accounting profits for the tax year 2023 that fall within the Deemed Dividend Distribution (DDD) provisions must ensure that at least 70% of their after-tax accounting profits are distributed by 31 December 2025. Where applicable, the related Special Contribution for Defence [...]

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