I have the same question. Do you have to have a 12 month rental agreement or buy a property? Seems onerous if only resident in Cyprus for 6 or 7 months.

Look at article 4 of the treaty of double taxation between cyprus and your country. In case of Spain one needs to have a home at permanent disposal in Cyprus and can’t have a house at permanent disposal in Spain.

Yes

Badges of trade will determine the treatment - read here for the article www.cyprusaccountants.com.cy/Knowledge-Hub/Articles/Post/3091/Cyprus-Crypto-Tax-for-Companies-and-Individuals-no-more-ambiguity-We-have-it-in-writing

The income tax office considers buying and selling cryptos or building a portfolio of such assets (in most cases) as trading of cryptos --> taxed like any other income. Persons normal salary tax and Corporations 12.5% (dividends are tax free unless shareholders Cypriots or Cyprus Tax Residents and Domiciled).

@@cyause Thanks for your answer!

They take advantage remuneration schemes where payroll tax is reduced (depending on applicability) from 20% - 50%.

www.cyprusaccountants.com.cy/Reduce-Taxation/Cyprus-Tax-Tips/Cyprus-Employed-Persons Watch the video - EX PATS - TAX BENEFITS

@@cyause 👍

Then you will be paying SDC on the Dividends like the rest of us:((. !!!

@@cyause But not retroactively?

@ No

We obtain up to 120k for Cyprus businesses that qualify!😀

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To be a non domiciled person you must be an employee and shareholder of a Cyprus company; this is how you evidence your business ties with Cyprus. In addition, it makes no sense to do it with self employed person as you will NOT be receiving dividends but large salary and will be slaughter on personal tax (PAYE). Note: Dividends apply to companies not persons & the non dom ensures 0% dividend tax. Hence your comment does not apply

@@cyause I have a company in Cyprus, but anyways it is not a requirement for the non dom to have a company in Cyprus you just need to live there 6+ months for that. What you metion about the dividends I don't understand what you mean, as far as I know buying and selling stock produces capital gains tax which are 0% under the non dom? Obviously for this you would trade with personal money not company money

@@toke182 non dom has 60 days minimum stay requirement, not 183 days

Yes that is correct

@@cyause thank you for your reply, however we have to pay social insurance?

@@cyause also most Cypriot banks don't accept incoming funds from crypto exchanges so how are you meant to withdraw profits? 🤣

​@@lungo1239 Thats so funny and true at the same time 😅

@@lungo1239 No it is not considered salaries income

No

Yes, give me more information on what exactly you want to see, turnover amounts etc and we will dedicate a video just for you!

Also check the calculators at our website where you get accurate PAYE figures www.cyprusaccountants.com.cy

This is a very good question and we have written an article about it yet to be published. Can you please remind us to send you the link to the article in a weeks time. Thank you

If you sell at once it will be considered as a one off transaction by an individual or a company and will not be taxed. If you sell at various intervals it will be considered educated trading and will be taken under Corporation Tax for your Company. If you did this as a person then it would be taxed under PAYE - which is not advisable as you would reach the high paying tax rate of 35% . It is best to instruct us to get you a tax ruling so that you will have the Cyprus Income Tax Office Response in writing and binding: ---> then you will know how to act / trade --> sell at once or in intervals. ==> Having said this, if you create a Cyprus company and you become non dom ---> only pay 12.5% max on profits ---> it is totally worth trading of Cryptos under a company freely!!! ==> Or we can create an international company for you with no taxes ==> 100% tax free but note: Even the UAE is introducing taxes!!! 9% + Banking Issues ==> Cyprus Company works fine. We can facilitate any need. Thank you, Kyriakos Email me [email protected]

@@cyause thank you for your response. I appreciate it. However i want to clarify. If I sell my crypto on Exchange and keep the funds there. And then contact you to help with 12.5% tax is that still possible? Or I cant even sell on exchange until i have a company? I will like to collaborate with you when the time is appropriate. But i want to clarify the above so i avoid the 35% as an individual. Thank you!

@@cryptocoffee911 Create the company and put the portfolio under the company; then act accordingly - this is the only way to secure the 12.5% Corporation Tax. You can not decide when it is convenient to you to be taxed as a person or a company.

@@cyause Thank you for the above. is it fair to assume that only crypto to fiat conversions creates a taxable event and not crypto to crypto conversions ? Is it then fair to also assume that if you never sold for fiat, you will not be taxed if you sell crypto for fiat once within the year on the same day ?

Are you interested in making a significant sustainable and realistic source of income through forex trade and bitcoin mining

If your answer is yes then Mrs Jane is the solution to your financial freedom

Ok we will try to do something more specific but kindly note that it is best to obtain a tax ruling as the taxation per individual varies a lot; since crypto trading is subject to interpretation the video will give you guidance but not tax advice as your personal trades and circumstances must be taken into consideration to form a view as to how you will be taxed. Is this clear?

Capital Gains Tax affect immovable property in Cyprus and is not relevant to Non Domicile. If you sell property in Cyprus it will be subject to Capital Gains Tax of 20% on adjusted taxable profit!