Effective from 6 April 2025, this reform marks a significant change for high-net-worth individuals and foreign investors who previously benefited from the UK’s favourable non-dom structure.

Cyprus offers a compelling alternative

As the UK phases out its non-dom regime, Cyprus emerges as an attractive destination for non-doms and high net worth individuals (HNWIs) seeking a stable, business-friendly environment within the European Union.

Cyprus already offers a highly competitive non-dom framework, ensuring the regime’s long-term sustainability and appeal.

Key advantages include:

•    Favourable Tax Benefits: Extensive tax exemptions on worldwide income (dividends, interest, etc.) for non-doms.

•    Stable Legal and Financial System: Based on English Common Law, with full EU access.

•    Existing High-Value Ecosystem: A thriving community of international investors and entrepreneurs.

•    Excellent Quality of Life: Mediterranean lifestyle, strategic location, modern infrastructure, and global connectivity.

An opportunity not to be missed

The abolition of the UK’s non-dom regime creates a timely opportunity for high-net-worth individuals to consider Cyprus as a new base for their personal and business affairs. The Cypriot government’s commitment to maintaining and enhancing its competitive framework further strengthens the island’s positioning as a leading relocation and investment hub.

 ServPRO a one-stop-shop

At ServPRO, we provide end-to-end support for individuals and businesses considering relocation to Cyprus. Our services include:

·        Tax and estate planning

·        Corporate structuring and company formation

·        Residency and immigration services

·        Ongoing legal, accounting, and compliance support

For further information or to discuss how we can assist you in exploring the opportunities Cyprus offers, please contact us by telephone (+35722021100) or via email (info@servpro.com.cy).