How Taxes in Cyprus Really Work (For Digital Nomads)
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- Опубліковано 26 чер 2024
- A comprehensive guide about the tax system in Cyprus. Is Cyprus a Tax heaven? How do taxes really work in Cyprus and are they really as low as many people think? Find the answers in this video!
I remember moving to Cyprus and having many questions about incorporating a company and the tax system here, so I decided to create a video where everything is explained for you. With this video, you will know exactly what you need to be aware of when moving here.
Contact us: cyprus@ricardogorski.com
Chapters:
0:00 Intro
2:42 Overview of the Cyprus Tax System
4:46 Taxes that you need to pay
5:13 Corporate Tax
5:50 NHS Contribution
7:51 Social Insurance Contributions
9:30 VAT
10:26 VIES
11:31 Personal Income Tax
15:13 Top 4 Tips for Taxation in Cyprus
15:34 Real Estate & Taxes in Cyprus
18:57 Incorporating a new Cyprus Ltd. Company
26:00 Be aware of the Tax Calendar
29:48 Residency & Tax Residency
31:56 Exit & Wealth Tax
35:30 5 Common Mistakes & Myths About Taxation in Cyprus
36:20 Is Cyprus a Tax heaven?
37:00 The Big Negative Side of Tax Heavens
39:24 Crypto, Forex & Stocks Trading
43:53 The 60 days Rule
48:00 Provisional Tax
52:43 Why a Consultant is so important
I decided to make this video with my personal consultant Nikolas in order to provide expertise and experience. We touched many topics about taxes and I hope this video answers most of your questions.
Also, even though we tried our best to make this video as accurate as possible, the numbers we mentioned may vary, especially going onwards in the future. Therefore, it would make sense to also check the official website of the government or consult an advisor to get the exact numbers.
If you still have some questions or individual requests, feel free to leave a comment, and we will be happy to give you an answer!
/ ricardogorski
This is the kind of video you should be focusing on. Imo
Hey, thanks for your comment. This is actually very interesting to me. I'm trying out different video styles to find out what you like to see the most. So comments like these help a lot! :)
I agree! To have interviews like this on different countries' taxation.
Finally, clear and detailed answers on taxation in Cyprus. Really a very good video !
It's a real added value👍 Thank you so much guys.
That is awesome to hear. Thank you for your comment! :)
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
😊😊
I am glad you took the time to put this video together, it was very insightful and helpful. :)
Excellent videos, thanks for all create and share Rico!
Hello Rico, very good information you give in this video. Cheer up with the videos!
This was a great video, thank you very much!
Absolute gem! Thank you
This is the best informative and straightforward video i have seen thus far! :-)) Keep em coming guys!
Thank you so much for such a nice comment!:)
Thanks for video Rico! Very infomative!
You're welcome!
A very informative video. For example I had never heard of the exit tax. Thanks so much to both of you for sharing your knowledge. And I subscribed :)
Thank you very much, Robert, happy you liked the video and learned something. Enjoy your time and see you in the next video! :)
Great to see these 2 in a vid :) amazing info!!!
Thank you for the comment. Happy to hear that! :)
Awesome video Rico! thanks a lot!
My pleasure, thanks for your feedback!
Great video! Solid info for anyone looking to come to Cyprus for their business
Happy to hear that, this was my goal. Thanks for the feedback! :)
Great video! Thanks :)
Very nice chat, thank you!
Thank you, glad it helped. Have a good time!
Amazing job Rico! Nicolas provided fabulous information. So much detail. I will be contacting him for individual consultations and guidance. Tank you!
Thank you very much for your comment, very glad this video helps people. Have a good time. Rico! :)
Do you have his contact info somewhere?
It's funny how I was looking for this information from accountants in Cyprus and I find it on UA-cam. Thank you!
Thank you! The good thing is that I went through this process already, so I knew exactly what other people want and need. Happy the video helped! :)
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
Great video thank you.
You're welcome, thank you as well. :)
thank u . very good video
Hey Rico,
Thanks for this very informative video.
It helped me clarify some key info regarding Cyprus taxation.
If you have time and it is not "secret" would be great if you could create an episode on cost of setup a company and yearly fees (of course with rough numbers) :)
Many people would be interested in it I guess :)
Keep it up the good work and good luck with your projects ;)
Thanks for your comment, it was nice talking to you. Got some interesting ideas from you! Have a good time.
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
Super erklärt! Danke fürs Video🙂 mit freundlichen Grüßen aus Wien
Sehr gerne und Lg zurück! :)
Very on point and detailed! Nice one! Some of us moved here due to fair taxes and the 2-months rule because Cyprus seems the right place in EU to have It as a base If you want to be a nomad or just break with your country If is a tax & bureaucratic hell
Thanks for your comment, Alexandre and I agree! Hope to see you soon! :)
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
Hello first time here 🙂 watching your good videos 😊 let's spread love and peace. Watching from Asia country now Manila Philippines 🇵🇭..god bless
Nice video and good performance ❤
Nice one dude, will move to cyprus with my gf later this summer. Grüße aus Hamburg!
Hey and thanks for your comment! Happy that we could help you and looking forward to meeting you! :)
Hi Rico, thanks fo the video!
I didn't quite understand if I can open a company straight away or do I need to wait 183 days, thanks for your help!
Hey Gera, thanks for the comment! You can open a company straight away, from wherever you are, if you have an agent in Cyprus. It'll just take some days/weeks until the company is fully registered.
Great videos that you have made so far…can you next video be about school…if you want to it in German that would be great too! 😘 keep up the good work!
Dein Kanal wird immer besser Rico!
Danke für dein Feedback Peter, das freut mich zu hören. Es macht mir auch immer mehr Spaß, da muss es einen Zusammenhang geben. :-)
Great interview with very precise and targeted facts. Need you to do another interview with your friend on crypto and crypto taxation for non-dom EU citizens. Thanks!
Thanks for the comment and nice words. I noted the video recommendation down. Have a nice day!
Great video, Rico. Appreciate you both taking the time to create it! Three questions:
1. When incorporating, can you use your personal/local address or do you need a virtual one?
2. Is it better to be paid as a salary or dividend?
3. Where are your social insurance contributions deducted? (From the company’s side or from your pay?)
My girlfriend and I spent 3 months in Cyprus in 2018 (Chlorakas) and another 3 months last year when COVID kicked off.
Keeping our options open for 2022… 😎
Hey there, thanks for your comment. We really appreciate the nice words.
1. The business address is usually where you operate your business. But, technically, you could also use a virtual address. It's just important to receive letters and utility bills so that you don't have problems with any KYC or other important processes.
2. This really depends on your individual situation. However, at 9:12 you have one option that makes sense for many digital nomads.
3. You pay the SI contributions manually to the social insurance department, from your business bank account. And the amount is separate from your salary.
I hope these answers help you with your decision. Great to hear you've been to Chlorakas as I live here. Maybe see you in the future, until then stay healthy and all the best to you and your girlfriend!
Rico :)
@@Rico Thanks a bunch for your reply mate. Really helpful.
All the best to you! Perhaps our paths will cross some day 🤙🏼👊🏼
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
Great video! Could you also do a video on internet speed/quality, especially outside central pathos? I am concerned about possibilities to work and game from home without a good internet.
Hello Per-Olof, first thank you very much for your comment. The internet in Cyprus is very stable these days. I lived in Paphos, Limassol, Larnaca and Pervolia and I don't feel any difference between the cities. The internet mostly depends on your plan and the upload + download capabilities. At home, I have a relatively low plan, but it's totally fine for browsing, streaming etc. If I would upgrade my plan I could easily do more heavy usage tasks. But it doesn't make sense for me as I also go to the office and have excellent internet there. For you, it probably would make sense to go with a 50k - 100k download plan. Hope that helps, Ricardo!
@@Rico Could you for instance get 100 Mbps Download in Peyi - Coral Bay. We will have 3-4 simultaneous streems ongoing with kids gaming and parents working, watching videos? I have seen that fiber will not be rolled out in these areas until 2023-2024. Keep up the good work!
@@per-olofhognelid4473 I haven't spent much time in Peyia yet, unfortunately. I would recommend asking people from Peyia in a local Facebook group. Maybe even FB groups about people living in CY from your home country. Good luck and thank you! See you soon. :)
Hiya I was just in Cyprus and I tested 4G network coverage. We were mostly in Pathos, Larnaca but also going to Polis. Almost everywhere we checked we would get 60Mbps (even on Mount Olympus). It was only a few rare places were we got 30Mbps. One place in the mountain going to Polis had no coverage but after driving for a few minutes we had reception again. There is fiber in the cities and you can check with the providers if certain addresses have fiber.
When he says exemption of social security, I’m guessing he’s referring to the 8% Holliday contribution. I was a bit confused about that initially. It seems to me even with that exemption, the “social tax” will be about 20% on the salary part, and 2,65% on dividends.
This was a very interesting point about tax havens. I did not know that the banks would not accept the money from their countries.
Banks are now paranoid about accepting funds derived from money-laundering. They get fined huge amounts. Thus they just don't want to take the risk in accepting deposits from tax havens. It costs them a lot to investigate fully that your funds are clean. So if you have money salted away in a tax haven it's not much use anymore. You cannot bring it into Europe to buy yourself a nice lifestyle. But he did say you can spend it using a bank card.
Wonderful video, this is almost like a free consultation XD
problem is that he is the only person in cyprus who claims that crypto trading is tax free
@@lauchgainz7481 Then what is the crypto tax in Cyprus? If there is no capital gains there should not be any tax on it or is it not considered capital gains?
@@martinenej3109 it is considered as an income and if you trade crypto privately your personal income taxe rate will apply. At least thats what all tax advisors in cyprus told me and I asked 4 of them. The best way to save taxes on crypto is to trade with a company.
@@lauchgainz7481 Thanks for the detailed answer!
Interesting. Luxembourg is also interesting.
How do we get in contact with Nicholas please. Thank you so much for all your important info. Loving your videos!
Great video, simple and very informative! Thank you very much!
Do we have any updates regarding the crypto capital gains regulation in Cyprus or it is still a grey zone topic to touch?
Hi good video.
Would it be possible to expand on the social security exemption please?
Great stuff Rico thanks, so if I get it correctly, with the correct setup, you pay about 15% net on everything you earn?
One question, how much does it cost pr. month to have simple place in Paphos, to keep your address and be there for 2 months? Something like a 1-bedroom or nice studio close to the center/beach.
Hi Eric, yes that is right. And for the property question, feel free to watch my latest video where I talk about how I find properties in Cyprus. :)
Besten Dank! Is corporate tax the same category of tax that a singlepreneur would pay? As a consultant for example?
Thank you! That's exactly the video i was looking for. But i have a question. What's the tax benefits for digital nomads who work for a non-Cyprus resident employer and follow the 60-day rule?
Hey Stavros, thank you very much for your comment. Happy to hear that you liked the video!
To answer your question, if I would be in your situation, I would probably incorporate my own company and then just issue invoices to my employer. But it can get quite complex with another EU tax scheme for remote workers and that's why I would recommend you to talk to a tax professional for your individual situation.
If you have further questions, let me know. :)
Hey Rico! Thanks for your response!
The good thing is that i'm already a Cyprus citizen and done with all the bureaucracy of yellow slip, tax and insurance. That's the good part of being Greek in Cyprus. You can speak in Greek but for Cyprus you are not Cypriot citizen, so you can have all the non-domiciled benefits.
For sure its a tricky situation, so talking with a tax professional is a wise advice. Thank's again for you video.
@@stavrosoik129 I totally agree and wish you the best. :)
Hey Rico, is it possible to create a company that only does ethereum solo staking? to do that you need to manage a server always online... if you don't know that
Thanks for the great Video. Answered a few Questions and also helped with my Agency Decision. Will contact Hügge Consult soon.
Happy to hear that. All the best to you and have a nice day! :)
Hey Rico! Any Information on the current Crypto Situation as Privat Person
Really a great video bro mou... Can you please tell that I am a student from 3 years as a non European... Can I open up a business here... Please tell me🙏
can you do a video for retired people?
Some of this was a real eye opener, That said, i'm looking at a quite retirement. Find a holiday or forever home. And then i need to now whats my tax liability if i buy a property. Also where i stand if i sell up everything i have in the UK and apply for residency. Thanks in advance in respect to any guidance and advice.
Hello there, really happy the video helped so far. For further help, it's best to get a personal consultation, as your situation is very individual. Feel free to contact me through any Social media. :)
Hello Rico :-) Do you know this "Cyprus Accountants Academy" playing the canvasser on your website ?
Hey Raffaello, thanks for your comment. I have seen some people commenting on the videos to get clicks. I really appreciate such support, you are the best.
Nikolas has helped a lot of people setting up in Cyprus and I meet only happy clients. I used to hang out a bit in his co-working space and he is really a genuine guy.
Do you have his contact information?
Can you share his contact information? Thank you!
Amazing video thanks!
What about following all the rules, staying 60 days and even buying a property but having a transparent LLC in delaware for example (all customers out of cyprus and working/traveling 10 months a year)
it seems like a lot of taxes / issues come when creating a company in cyprus
Is the 60 days rule really useful for some person? Suppose you are german or italian: in such states there is the concept of the center of vital and economic interest... if you stay only 2 months in Cyprus most likely you don't have such center in CYprus. If you don't have such center in Cyprus, most likely you have it, at least for the tax offices, your center in Germany of in Italy (depending if you are italian or german). Therefore you are considered a tax resident also on that second state, even if you didn't stay 6 months in it.
what's the name of that co-working space? I did not catch the name
Looking to move to paphos by myself are there clubs etc to make friends?
What is the tax on rental if i buy a land build on it and rent apartment on it?
Very helpful! I wish FX was clarified in detail for income tax purposes (I believe gain from FX trading is not capital gains so might be taxed)
Hey, thanks for your comment. FX can get quite complex, and the taxation depends on your individual situation. For example, whether you have a separate operating business or not, whether you day-trade, swing-trade, etc. And as we can't give practical tax advice here, it makes sense to talk to an expert to get accurate information. Also, thanks for the video idea! I hope this helps and wish you good luck! :)
@@Rico Thank you. I am on it. Happy to get your advisor's contact too. I hope we meet in Cyprus as it sounds like an intelligent move for many people. Good luck with your project.
@I G Sounds great. Feel free to send an email to cyprus@ricardogorski.com. And when you're here, let me know! Enjoy your time :)
@@Rico It doesn't have anything to do with daytrading or swingtrading. FX trading is taxed as income whereas stocks and ETFs for example are not taxed. For crypto/FX traders, Cyprus is not attractive tax wise.
Hi Rico we just watched your this video, I know it was a couple of years ago but we (myself and wife) would like to talk with Nikolas about taxes when moving here. We only use Facebook and email how would we contact him?
HI,great video ,if not the best in this topic !
how can i take consultation with this guy?
Thanks for the comment. Just send a mail to cyprus@ricardogorski.com, have a nice day! :)
Do British people (in Europe but outside EU) get pink or yellow slip?
I'm re-acquiring my Italian citizenship (jure sanguinis) but I am curious as the US treats Cyprus. It seems from the conversation it works well for Europeans but the United States is well known for being the Bully/Mafia over all the other countries of the world.
Hey, thanks for a good video. Could you please answer, does it really matter for your taxiation if I had a company before or if I just want to start up in Cyprus? I mean, I have not had my own business yet, but thinking to open something for Cyprus market once/if I move there. Can I also get same benefits mentioned (non dom status etc)? Thank you in advance.
Hey Justina, thanks for your comment. What you did in the past doesn't really matter in regard to opening a new company. If you're a European person, you can move to Cyprus anytime, open a company and do your business. Hope this helps, have a great time! :)
@@Rico thank you so much for a quick answer. Have lived there in the past, dreaming of coming back ❤ Keep up a good content.
@@justeserksnyte Thank you, happy to hear that. All the best to you :)
Hi - Could you provide the contact for the consultant?
I am looking for a fair professional that will not rip me off to apply for non dom residence including company incorporation. Thanks in advance Rico, great content.
Do you have a video on healthcare in Cyprus? I am curious to know if it’s easy for a new person to sign up for the Cyprus public healthcare system? There is a private healthcare option , I am assuming private insurance could be more expensive than the public one, is this correct?
Hi, yes I do have a video about health care in Cyprus. Just search for "health care rico go"
@@Rico Is a person still eligible to apply for the public health insurance program if your from an EU member state country moving to Cyprus for the first time enrolled in the Non Dom tax scheme?
Witam pozdrawiamy Was ciocia Halina i wujek Bolek buziaczki ❤️
Hey Rick... Great video. Very useful and thorough. Could you please give the contact details of the person you interviewed? Thank you so much
Hey, thank you very much for your comment. Really happy that the video helped! :) The email is cyprus@ricardogorski.com - Have a good time and stay safe!
Great video! What’s his contact info?
Hello Rico, thanks for the video. It's very detailed and informative. May I know how can we contact the tax consultant? Would you provide his link or email here?
Hey William, thanks for your message. Contact me via any social media, and I'll introduce you to Nikolas. Have a good time!
@@Rico thanks and I will contact you on Instagram
Great video - I'm a German citizen working in remote sales (100-150k yearly) for an American company (as an independent contractor receiving comissions per sale - I have no company on my own. Basically I'm a freelancer).
Considering the rules (working 90days plus outside of Cyprus traveling, having a rented appartement there) - Would the non Dom status work in my case as well? (Paying 0% tax rate on my yearly income, only 60 days that have to be spend in Cyprus)?
My question exactly
Are you any further? :)
How does the "bail in" work?
Thanks for your comment! I'd recommend you to hire a consultant as this can get quite complex. Hope this helps, all the best! :)
Curious about someone who derives income from trading (capital gains) and is otherwise unemployed. It should be that the only tax paid is the GESY contribution of 2.65% as cap gains are for stocks and futures are tax free. Is this correct?
About such specific questions, it's always best to get a professional talking to you because there are many variables in play. Hope you can understand and have a nice day :)
Be careful, selling assets may demonstrate a pattern of trading, and thus be subject to income/corporation tax. But selling assets occasionally would qualify for capital gains tax, not trading. That is the position in the UK anyway. It's not the nature of the asset sold, but the frequency of the sales.
the government taxation on crypto, is supposed to be only in crypto, OR also on stocks and other financial instrument?
If you mean 40:51, then we were talking specifically about crypto.
Tell me please Is north Cyrus also cyprus of is turkey??
No, it is an independent EU country! Also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
How to contact Nicola?
Hi. Great video. On the internet I found out some info that if you are a non dom and you spend more than 3 months outside of Cyprus providing paid services you are exempt from the income tax. You didn't mention about it at all so I assume it's BS?
Hey Kacper, thanks for your comment. The tax exemption you are referring to has nothing to do with Non-dom people, but if you are a cyprus tax resident and employed abroad, this would apply. Hope this makes sense! Best regards.
@@Rico wow, that's insane. So if someone is not business owner but instead working remotely for abroad employer he pays 0%. Moreover if he invest some of salary on the stocks / crypto he also pays 0% from gains. Looks like a very simple strategy for many digital nomads to live tax free.
@@kacperorlik6355 To get final confirmation, always ask a legal consultant. :)
If you work outside Cyprus for a company abroad you would pay your taxes abroad, not in Cyprus. You cannot be a digital nomad, spend 90 days outside Cyprus and pay 0% tax as some UA-cam videos suggest. So yes, it’s BS.
There’s a UA-camr who’s charged me $500/hr for 2 hours convincing me this is the case. Then when the time came for him to help me get started he probably realized he was wrong and never replied to me again :)
This videos contains all the information I collected by spending a few thousand dollars on consultations and traveling to Cyprus to meet up with lawyers.
Wish it was available earlier :)
You left out some very important matters. (I think I am correct here! but don't rely on this) Firstly, dividends received in Cyprus from foreign companies are tax free. No income tax payable. Provided you are tax-resident in Cyprus. Secondly (he touched on it briefly) no Capital Gains Tax payable in Cyprus on capital profits made abroad.
I am a dual citizen of USA and Cypriot citizenship… if I move to Cyprus and work remote for a US based company how does that work?
In such a case, it's best to contact us directly. Contact information is in the video description.
Thank you so much for the video! We are planing to move there and gathering all the information. I will contact Nikolas. May I ask which facebook group you recommend to meet likeminded people? Thanks/Danke!
Thank you for the comment. I'm glad the video could help! The group is called Blunchers and we are located in Paphos. :)
@@Rico Thanks!!!
Hi Rico, considering moving to Cyprus - what is the contact details of this Tax advisor?
Hey, nice to hear that. You can reach me via email and I will send you the details too. Have a nice day!
Thank you, great content. Can you maybe post Nicolas website or LinkedIn profile? I’d like to hire him.
Hello Tomas, thanks for your comment. Glad that you liked the video. The email is cyprus@ricardogorski.com. Have a good time! :)
Hi Rico - Great content and actually a perfectly timed video. I am considering a move to Cyprus in Q3 /Q4 of this year. Would you be able to share Nikolas’ contact details? I’d like to talk about my personal situation.
Hey there, thank you very much for your comment. I'd be happy to connect you, feel free to email me or a message on my social media. :)
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
Hi Rico! Your videos are great and very informative. I have a question about 60 day rule ... should I stay in Cyprus for 60 days without leaving the country or can I be there in several trips for example 3weeks, then after one month I come for 2 weeks etc.. so I spend 60 days total per year? And how can I prove it I spent 60 days in Cyprus? Should I show my flight tickets?
Hey there! Thanks a lot. You need to stay 60 days in Cyprus, accumulated. So it does not have to be all at once, but in total with multiple trips is doable as well. You don't need to proactively prove it. Keep your flight tickets, if someone should ask you in the future, and you should be safe. You're welcome!
@@Rico thank you. But I also read that we can not stay in my home country more than 183 days and we should not be tax resident in my country? This is a problem for me because I am married and have two kids and they must go to school in Latvia.
Can I establish a company in Cyprus as non-resident?
@@pictureperfectholiday That's true. If you spend more than 6 months in any other country, especially the EU, they usually see you as a tax resident on their side. Please google my full name Ricardo Gorski, and reach out to me via my contact form, so we can discuss your individual situation there. Thanks!
Thanks. What's the details to get in touch with Nicholas?
Hey, feel free to send me a message on Social Media or even Nikolas directly. :)
@@Rico UA-cam ain’t social media? 😅 thought it’d be nice for him. Cannot find him and am not on Instagram..
@A Known Optimist You can just use cyprus@ricardogorski.com as well. :)
What about VAT?
VAT in Cyprus is 19% and applies to all invoices within the Country. If you are sending cross-border invoices, then the VAT is reversed to the buyer. We talk slightly about VAT at 9:30. Have a nice day! :)
What if I want to start out as a freelancer and not with a company? Can I reach Nikolaos if I would also like to work with him? (does this count as reaching out? xD)
Hey, thanks for your comment. As a Freelancer, you'd also need a VAT for the invoices you send and collect, so you can still reach out to Nikolas to find out if it makes more sense to open a company or register as self-employed. Good luck to you! :)
How can I reach this consultant firm? Please PM with info when possible. Thanks!
He works directly with clients. Feel free to contact us at cyprus@ricardogorski.com.
Any updates on crypto taxes in Cyprus? ☺️
Hey, no big update regarding Crypto. Still everything unclear as stated in the video. We are expecting an official update this year and I will inform you guys asap!
@@Rico thanks for the reply Rico 👌 Planning to come to Cyprus in a couple of months or so ☺️
@@wonderrrien Sounds very good, you'll love it!:)
Awesome video x how do I connect with Nicholas?
Hey, thank you. His email is in the description. Have a nice day!
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
I was advised that Crypto-gains are taxed with the income-tax. Now I am confused...
It is indeed confusing and as Nikolas said, there's still no final regulation. It also depends on your individual situation to get the right answer for you.
@@Rico I only hope that it is not illegal not to pay taxes on crypto gains. uff
@@zeke2408 With a good consultant you should get correct advice and thus proceed legally, just make sure to ask many questions and understand what you're doing. Don't worry too much! :)
Crypto/FX is taxed as income, stocks/ETFs/options are not.
Hi rico😎
Can you put me in contact with Nicolas ? We want to be tax residents in Cyprus and we are moving 3rd of July 😳
And great video very informative thank you so much
Thank you very much for your comment and nice words. I replied to you on IG. :)
@@Rico Hi Rico, Possible to do the same for me? Great video, confirmed a lot of what I was expecting, so great thanks!
@@nathansilinski9254 Hey Nathan, really appreciate your comment. Yes, feel free to contact me and I'll be happy to redirect you. Have a nice day! :)
Rico, hi, how do I connect with Nicholas to ask questions and see what works for me?
Has there been any updates to the cryptocurrency regulations in Cyprus?
Not yet, but we do offer some temporary solutions. You can reach out to me via email if you want to have a call.
tax laws is Cyprus were made to favor non Cypriots for example a Cypriot refugge that was forced to live and work in another country after the 1974 Turkish invasion and wants to return and enjoy his retirement in Cyprus has no tax break vs anybody else not only that, but if you left a property in Cyprus from your parents or grandperents you end up loosing it to taxes another sad truth is that Cyprus is divided and anything can change at any moment and is the reason they want to attract non Cypriots
this guy have rainbow knees !
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.
@@cyause hello thanks for your comments will subscribe for sure and im looking forward to invest in beautiful Cyprus . Best regards ,
Thanks for a great video. I would very much like to contact Nicolas and would appreciate if you can send me his contact details.
Thank you for all the valuable information! Will contact Nikolas and dive into the possibilities of moving to Cyprus without being taxed on cryptos. Wish you all the best Rico :)
Ive send Nikolas an email to your above provided email. Shall i contact you firstly somehow so you cant introduce me to Nikolas?
Grüße aus Deutshcland :)
Thanks for your comment and I wish you all the best too. Maybe see you in Cyprus soon! :)
Do you still have his contact info? It doesn't appear in the video description anymore :(
What is your email address?
Hello great interview, also have a look at our youtube channel (>100 educational videos) where we explain almost all Cyprus Tax and Corporate issues affecting businesses, taxation etc.