Non Domicile Individuals in Cyprus
It is time for relocation to Cyprus
According to the Section 3(2) of the Special Contribution for the Defence Fund of the Republic Law (“SDC Law”), dividends, interest and rental income earned (regardless of the source of the income - i.e. from Cyprus or from abroad) by individuals who are (i) tax residents and (ii) domicile in Cyprus are subject to SDC.
| Income | SDC rate |
| Dividend Income | 17% |
| Interest Income | 30% |
| Rental Income | 2.25% |
Tax resident individuals who are considered as non-domicile should be exempted from SDC.