Every company registered in Cyprus is a Cyprus tax resident by default.

Economic substance is a critical component of modern tax planning, with both EU and domestic frameworks placing increasing emphasis on genuine business presence to combat tax avoidance. Cyprus tax residency enables access to the island’s favourable tax regime and its extensive network of double tax treaties.

To be treated as a Cyprus tax resident, a company must demonstrate that its management and control are exercised in Cyprus, and that it conducts substantive operations locally. Key indicators include:

• A majority of directors being Cyprus tax residents.
• Board meetings taking place in Cyprus, with meaningful decision-making.
• Maintenance of statutory records, accounts, and corporate documentation in Cyprus.
• Execution of financial and operational activities from a Cyprus-based office.
• Employment of local personnel aligned with the business’s core functions.
• Operation of a fully equipped office with independent infrastructure.

Substance Support Services

We offer both basic and enhanced substance solutions, including:

• Fully furnished office space in the Nicosia business district.
• IT and telecom setup, including dedicated telephone lines, email domains, and IT support.
• Boardroom facilities and high-speed internet access.
• Corporate branding, including website and logo creation.
• Support with employment, payroll, and VAT registration.
• Assistance with immigration formalities for foreign staff.
• Professional translation services in multiple languages.