• The Majority of the Company’s shares are owned by third-country nationals.
• It is noted that if the percentage of the foreign involvement in the share capital of the Company should be higher than 50% in order to avoid the minimum capital invested requirement of EUR 200.000.
• Public companies registered on any recognized stock exchange.

• Companies of international activities (formerly off-shore), which operated before the change of regime, whose data are held by the Central Bank
• Cypriot shipping Companies or Cypriot high-tech* / innovation Companies
• Cypriot pharmaceutical companies or Cypriot Companies active in the fields of biogenetics and biotechnology.

• Directors;

In this category the following third-country nationals are included:

1. Directors or Partners registered with the Registrar of Companies and Official Receiver;
2. General Managers of branches and of subsidiary companies of foreign companies;
3. Departmental Managers;
4. Project Managers;

The following are the main requirements for hiring highly skilled non-EU nationals:

• The non-EU citizen must have a university degree / diploma, or, proof of at least 2 years of relevant experience in a corresponding employment position;
• Employment contract for a period of at least 2 years;
• Minimum gross salary of €2.500 per month.

• The new Article 8(23A) for the 50% exemption provides the following: As from 1 January 2022, 50% of the remuneration of employees, whose first employment in Cyprus began from 1 January 2022 onwards, is exempt from income tax for a period of 17 years (starting from the month of employment) , if their remuneration per year exceeds €55,000.
• Non-domicile status which again applies to first time employees in Cyprus based on the above structure ensures that all dividend and interest income for such individuals form lal over the world once they become Cyprus tax residents is exempted from Income or Capital Gains Tax. However, since they will be living in Cyprus and enjoying the benefits of the island such as medical care General Health System contributions on dividedn income are applicable capped at EUR 180.000 Annual Income @ 2.65% = EUR 4.770 per year.

Please read our article on Non-Domicile Tax

https://cyprusconsultancy.com/cyprus-non-domicile-registration-service/