I-Passport Index

Europe

Cyprus

Baseline rank

#52 / 116

Baseline score

65.5

Factor scores

How Cyprus performs

Tax

80.8

Very strong

Average taxes. Cyprus sits mid-table on tax, 53rd of 123. Expect a typical tax bill: neither a reason to move here nor a reason to stay away. Personal income tax 0-35%, corporate tax 15%, VAT 19%.

Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)

Safety

60.7

Moderate

Average safety. Safety here is about average for the countries we cover: Cyprus is 68th of 117.

Source: Institute for Economics and Peace, Global Peace Index

Cost of Living

66.6

Strong

Expensive. Cyprus is one of the most expensive places to live in the index, 96th of 118. Plan for high everyday costs.

Source: Numbeo Cost of Living Index

Education

53.8

Limited

Good education. Education here is stronger than in most countries we cover: Cyprus is 29th of 120.

Source: UNDP & MBRF, Global Knowledge Index

Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.

Tax and citizenship

The detail behind the scores

Taxation

Corporate income tax	15%
Personal income tax	0-35% Applicable tax rate varies based on the amount of income
Standard VAT	19%

Rates change without notice. Confirm with the relevant tax authority before acting.

Naturalization Requirements and Immigration Pathway

Residence for naturalization: 7 years
Language requirement: Yes
Proficiency in Greek language (B1 level)
Investment Immigration Pathway: Cyprus Permanent Residency
Official languages: Greek and Turkish
Dual citizenship: Allows dual citizenship

Pathways

1 immigration pathway

Cyprus permanent residency

Minimum investment: EUR 300,000Processing time: 6-9 months

Program details

Program terms change. Always confirm the current rules with the issuing authority before acting. This page is informational and is not legal or tax advice.

Compare

Elsewhere in Europe

#2 baseline