PMGCYPRUSConsultation
Disclaimer

PMG is an independent corporate services consultancy. It is not a government authority and does not issue official government documents. Incorporation filings have been handled for over two decades by our licensed professionals — including our own advocate and our own ICPAC-registered accountants — in accordance with Cyprus regulatory frameworks.

For UK Non-Doms, Post-Abolition

The UK non-dom regime is gone.
Cyprus's isn't.

From April 2025, the UK's remittance basis is closed to new arrivals and existing non-doms face a residence-based worldwide tax charge. Cyprus offers a working, 20-year-proven non-dom framework - with EU membership, a fast 60-day residency route, and full SDC exemption on dividends and interest.

No obligation. Structured for UK-domiciled individuals assessing relocation before the next UK tax year.

60
Days to qualify for Cyprus tax residency
0%
SDC on dividends & interest for non-doms
15%
Corporate tax rate from 1 Jan 2026
17
Years of non-dom & residency exemption
The Shift

What changed in the UK, and what Cyprus still offers

The remittance basis is closed. Cyprus's non-dom regime - unchanged for over a decade - remains one of the most stable HNW tax residencies in the EU.

UK, from April 2025

  • Remittance basis abolished for new arrivals
  • Worldwide income and gains taxed on UK residence
  • Existing non-doms transition within a defined window
  • IHT moves to a residence-based test
  • No fixed-term shelter for foreign income

Cyprus, ongoing

  • Non-dom status for up to 17 years
  • 0% Special Defence Contribution on dividends & interest
  • Tax residency in as little as 60 days
  • EU member state, common law-influenced legal system
  • 15% corporate tax, among the lowest in the EU
Why Cyprus, Specifically

Built for people leaving a closing regime, not entering a new experiment

Three structural advantages that matter most to someone relocating out of the UK system.

60-Day Rule

Residency without relocating your whole life first

Cyprus's 60-day physical presence test - alongside a permanent home and no residency elsewhere for 183+ days - lets you establish tax residency on a defined, trackable timeline rather than an open-ended relocation.

Non-Dom Status

Dividends and interest kept outside SDC

Non-dom status exempts you from Special Defence Contribution on dividend and interest income for up to 17 years - the single largest driver of effective tax rate for most non-dom-eligible individuals.

Bankability

A real IBAN, not just an EMI account

Relocation solves residency. It doesn't solve banking. PMG Expat Plus pairs your move with a tiered Cyprus banking membership built for exactly this transition - credit history, mortgage pathway, and a bank that recognises non-dom structuring.

How It Works

From UK non-dom to Cyprus non-dom

01

Assess your position

We review your current UK domicile status, income sources, and timeline against the UK transition rules, and confirm Cyprus non-dom eligibility before you commit to anything.

02

Structure the move

Company formation, residency application, and - where relevant - corporate restructuring are handled in-house, sworn and filed by our advocate-led team, not outsourced to third parties.

03

Meet the 60-day threshold

We track your qualifying days against the residency test and confirm the point at which your non-dom status and SDC exemption take effect.

04

Set up banking & ongoing compliance

PMG Expat Plus and our accounting team handle the parts that outlast the move itself - banking access, annual filings, and staying current as UK and Cyprus rules evolve.

PMG Expat Plus

Live life a little differently.™

A tiered Cyprus banking membership built for people the EMI world wasn't designed for - real accounts, credit history, and a pathway to mortgages and everyday banking that survives the move.

Common Questions

What UK non-doms ask us first

Do I lose non-dom status the moment I leave the UK?

UK domicile and tax residence are assessed separately, and transitional rules apply depending on your circumstances. We review your specific position before recommending a timeline.

Can I keep UK-based income streams after relocating?

Yes, in most cases - UK-source income remains taxable in the UK regardless of where you're resident. What changes is the treatment of your non-UK income and gains, which is where the Cyprus non-dom exemption applies.

Is 60 days enough to actually become Cyprus tax resident?

Yes, provided you also maintain a permanent home in Cyprus, don't spend 183+ days in any other single country, and meet the business/employment ties test. We confirm eligibility against your specific circumstances first.

What about UK inheritance tax exposure after I move?

IHT is moving to a residence-based test in the UK, with its own transitional timeline. This is assessed alongside - not instead of - your income tax position, and we cover it as part of the initial review.

Assess your position before the next UK tax year

A single call covers your eligibility, timeline, and what a Cyprus non-dom structure would look like for your specific circumstances.

Book your consultation