Question 1

What is the Cyprus non-dom tax regime?

Accepted Answer

The Cyprus non-dom tax regime offers significant tax advantages for individuals who become Cyprus tax residents but are not domiciled in Cyprus. Key benefits include: 0% tax on dividends, 0% tax on interest income, no capital gains tax (except on Cyprus real estate), and exemption from Special Defence Contribution (SDC). This makes Cyprus one of the most attractive jurisdictions in the EU for high-net-worth individuals and entrepreneurs.

Question 2

How long does Cyprus relocation take?

Accepted Answer

The Cyprus relocation process typically takes 3-6 months depending on your specific circumstances. This includes obtaining tax residency, setting up banking relationships, finding new residential home, and establishing your presence in Cyprus. Our team handles all legal, tax, and administrative aspects to ensure a smooth transition. We provide comprehensive support including property search, residency permit applications, and integration into the Cyprus lifestyle.

Question 3

How can SSPwealth support me with real estate in Cyprus?

Accepted Answer

We provide comprehensive real estate support including property search, due diligence, legal review of purchase agreements, tax optimization strategies, and transaction management. Our team guides you through the entire process from identifying suitable properties to completing the acquisition. For detailed information on Cyprus real estate transactions, taxes, and investment opportunities, please visit our comprehensive guide in the Insights section.

Question 4

What are the requirements for Cyprus tax residency under the 60 day rule?

Accepted Answer

To become a Cyprus tax resident under the 60-day rule, you must: (1) Stay in Cyprus for at least 60 days in the tax year, (2) Not be a tax resident in any other country, (3) Not spend more than 183 days in any other single country, (4) Have other defined Cyprus ties such as business activities, employment, or holding an office in a Cyprus tax resident company, and (5) Maintain a permanent residential property in Cyprus (owned or rented). Our team ensures you meet all requirements and maintain compliant tax residency status.

Question 5

Can I set up a Cyprus company without relocating?

Accepted Answer

Yes, you can establish a Cyprus trading or holding company without personal relocation. This structure is ideal for entrepreneurs who want to benefit from Cyprus's favorable corporate tax rate of 12.5% and extensive double tax treaty network without moving to Cyprus. We handle company formation, nominee director services if needed, compliance, and ongoing corporate management. This solution works particularly well for international business operations, IP holding, and dividend optimization.

Question 6

What is a Cyprus International Trust?

Accepted Answer

A Cyprus International Trust (CIT) is a powerful wealth protection and succession planning tool. Key features include: (1) No Cyprus tax on trust income and gains (if beneficiaries are non-Cyprus residents), (2) Strong asset protection from creditors, (3) Confidentiality and privacy, (4) Flexible succession planning across generations, (5) No forced heirship rules apply. CITs are particularly effective for wealth externalization, protecting assets from political or economic instability, and ensuring smooth wealth transfer to future generations.

Question 7

What services does a Cyprus family office provide?

Accepted Answer

Our Wealth Structuring as a Service provides comprehensive wealth planning through a single liaison point: (1) Corporate structuring and company formation, (2) Legal and tax advisory services, (3) Real estate acquisition and management support, (4) Trust formation and administration, (5) Migration and relocation assistance, (6) Banking relationship management, (7) Ongoing compliance and reporting, (8) Strategic tax planning and optimization. We act as your trusted partner for all Cyprus-related legal, tax, and corporate matters, providing continuity and peace of mind.

Question 8

How much does Cyprus relocation and setup cost?

Accepted Answer

Costs vary depending on your specific structure and requirements. Typical expenses include: (1) Legal and professional fees for company formation, tax residency, and structuring (€10,000-€30,000+), (2) Government fees for company registration and permits (€2,000-€5,000), (3) Property acquisition or rental, (4) Ongoing compliance and accounting (€5,000-€15,000 annually). We provide transparent fee structures during your initial consultation and tailor solutions to your budget and objectives. The tax savings typically far exceed the setup and maintenance costs.

Question 9

Do you provide services in Russian, Greek, and English?

Accepted Answer

Yes, our team is fully trilingual and operates seamlessly in English, Greek, and Russian. This allows us to serve international clients effectively and navigate cross-border structures with deep cultural and linguistic understanding. All our lawyers are qualified and registered with the Cyprus Bar Association, ensuring the highest professional standards regardless of the language of service.

Question 10

How do I get started with SSPwealth?

Accepted Answer

Getting started is simple: (1) Complete our contact form with your basic information and requirements, (2) We review your request within 24 hours, (3) Schedule a free 30-minute consultation call (guaranteed within 72 hours), (4) During the consultation, we assess your situation and provide initial guidance, (5) If we're a good fit, we develop a customized strategy and proposal, (6) Upon agreement, we begin implementation with full transparency and regular updates. All information is handled with strict confidentiality.

Question 11

What services does SSPwealth provide?

Accepted Answer

Our Wealth Structuring as a Service provides comprehensive wealth structuring through a single liaison point: (1) Corporate structuring and company formation, (2) Legal and tax advisory services, (3) Real estate acquisition and management support, (4) Trust formation and administration, (5) Migration and relocation assistance, (6) Banking relationship management, (7) Ongoing compliance and reporting, (8) Strategic tax planning and optimization.

Our Team

Christos Malikkidis