Re-Domiciliation is the change of a physical person’s tax residency or citizenship (passport) to a different one.
For instance, a Russian business man can change his tax residency jurisdiction from Russia to Cyprus subject to certain conditions.
Similarly, the Citizenship (passport) of this Russian person can also change to Cyprus following a different application by our firm.
Consequently, besides the obvious legal aspects of changing the country of domicile and tax residency, other major benefits exploited by various businessmen are the tax benefits enjoyed by these individuals who are now taxed based on the Cyprus Tax Regime and not their local tax regimes (in our example Russia) which cost them significantly more in taxes.
Cyprus domiciliation services became extremely popular since 2014 a year after the worst economic recession in Cyprus, following the announcement by the government of two very successfully schemes which aimed in attracting investors to the republic. These two schemes (mentioned above) are the Cyprus Citizenship and the Cyprus Residency schemes.
Obtain access to Europe through the Cyprus Permanent Citizenship or Residency programs via Direct Investment.
Living in Cyprus, which offers safe, beautiful, relaxed and easy environment. Amongst other Cyprus offers the following:
If you would like to apply for a Cyprus Tax Residency or Cyprus Passport (Citizenship) just e-mail me directly at kt@cyprusaccountants.com.cy.