Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > CYPRUS TAX RESIDENCY IN ONLY 60 DAYS – CLARIFICATIONS FROM THE TAX AUTHORITIES

CYPRUS TAX RESIDENCY IN ONLY 60 DAYS – CLARIFICATIONS FROM THE TAX AUTHORITIES

Published by Gbaf News

Posted on November 21, 2017

4 min read

Last updated: January 21, 2026

Automation in financial services enabling a 360-degree view for customer engagement - Global Banking & Finance Review — This image illustrates the impact of automation in financial services for creating a comprehensive 360-degree view of customer interactions, crucial for enhancing service delivery and operational efficiency.

Following the issuance of circular no. 8 from the Cyprus tax authorities, it is noted that a person can also qualify as a Cyprus tax resident if all the below conditions are met for each tax year:

Such person stays in Cyprus for one or more periods of at least 60 days;
He or she does not stay in another state for one or more periods exceeding a total of 183 days;
He or she is not a tax resident in another state;
He or she carries on a business in Cyprus or is employed in Cyprus or holds an office in a Cypriot tax resident company on 31 December of each tax year, that is, the business or employment or the holding of an office does not end before the end of the tax year;
He or she maintains permanent residence in Cyprus owned or rented.

It should be noted that a person who is a tax resident of Cyprus according to the 60 days residence rule, is obliged to pay a special defense contribution under the Special Contribution for the Defense of the Republic Law, if such person is also domiciled in Cyprus at the same time.

For the purposes of issuing a tax residency certificate for a person who meets the 60 days residence rule in Cyprus, the declaration Τ.D. 126 (2017) must be submitted with the Tax Department.

It is noted that the certificate may be issued before the 60 days of stay in Cyprus, provided that:

all the other conditions (as listed above) of the 60 days residence rule in Cyprus are met;
the application for the issue of the certificate concerns the receipt of dividends or interest from sources abroad and the relevant proof for the imminent receipt of income is submitted; and
is shown on the certificate to be produced (to which tax authority or to which organization).

Together with the declaration T.D. 126 (2017), the following documents must be submitted:

Passport copy with arrival and depart stamps from Cyprus, boarding passes, e-tickets etc.;
Title deed of the permanent residence, or rental agreement;
Employment contract (if applicable) valid as of 31^st December of the relevant tax year.

Our team of highly experienced professionals can assist you with obtaining Cyprus tax residency and non-domicile individual status, and offer you guidance and support with the whole process.

Following the issuance of circular no. 8 from the Cyprus tax authorities, it is noted that a person can also qualify as a Cyprus tax resident if all the below conditions are met for each tax year:

Such person stays in Cyprus for one or more periods of at least 60 days;
He or she does not stay in another state for one or more periods exceeding a total of 183 days;
He or she is not a tax resident in another state;
He or she carries on a business in Cyprus or is employed in Cyprus or holds an office in a Cypriot tax resident company on 31 December of each tax year, that is, the business or employment or the holding of an office does not end before the end of the tax year;
He or she maintains permanent residence in Cyprus owned or rented.

It should be noted that a person who is a tax resident of Cyprus according to the 60 days residence rule, is obliged to pay a special defense contribution under the Special Contribution for the Defense of the Republic Law, if such person is also domiciled in Cyprus at the same time.

For the purposes of issuing a tax residency certificate for a person who meets the 60 days residence rule in Cyprus, the declaration Τ.D. 126 (2017) must be submitted with the Tax Department.

It is noted that the certificate may be issued before the 60 days of stay in Cyprus, provided that:

all the other conditions (as listed above) of the 60 days residence rule in Cyprus are met;
the application for the issue of the certificate concerns the receipt of dividends or interest from sources abroad and the relevant proof for the imminent receipt of income is submitted; and
is shown on the certificate to be produced (to which tax authority or to which organization).

Together with the declaration T.D. 126 (2017), the following documents must be submitted:

Passport copy with arrival and depart stamps from Cyprus, boarding passes, e-tickets etc.;
Title deed of the permanent residence, or rental agreement;
Employment contract (if applicable) valid as of 31^st December of the relevant tax year.

Our team of highly experienced professionals can assist you with obtaining Cyprus tax residency and non-domicile individual status, and offer you guidance and support with the whole process.