nomile tax status conditions to obtain this status first and most important you need to make sure that you haven't been living in Cyprus 17 out of the last 20 years so if you are an individual from abroad or even a cypriot who's been living in Cyprus recently and moved up abroad and then came back they will not be granted this certificate we need to to prove that you've been working or living overseas and not in Cyprus at least 17 out of the last 20 years before you have applied for this certificate that's number one number two is of course to show that you have economic ties with Cyprus this means that this usually means that you're either an employee here in Cyprus but it doesn't make sense to be just an employee or you are a shareholder here in Cyprus of a Cyprus company company typically this company could be your company because this is very common we incorporate companies for our clients we put them on the payroll and of course they are the shareholders directors and Company secretary having that will justify you as being a non domicile and most likely the H Ministry of Finance will grant you with the certificate to robust this application to make this application even stronger we need to show that you stay in Cyprus at least 60 days a year this 60 days can be cumulative can be scattered throughout the calendar year so you can come in and fly out you can come for a week for 10 days and fly away what is important is that each year each calendar year because the tax returns in Cyprus are based on calendar years and commonly this is the corporation tax period perod as well January to December you need to prove that you've been living in Cyprus for 60 days very important is to show that you have not been living anywhere else for more than six months the six months rule is a universal law it's a universal tax law it applies everywhere in the world and it's the rule of thumb really where all states or income tax authorities simply say that if we have a person who's been living at least half a year in my country I want to tax them so for the Nom the third very important parameter is to show that you've been living in Cyprus for at least two months but you have not been living anywhere else for for a six-month period this could be consecutive or scatter as well then the fourth thing that you will be asked just to close the package for us and submit your application and be happy that you will get your nomical status of course to prove that you've been living here for the two months you need either a rental agreement electricity bills or a Car Hire or anything else that can show that you are a person who been living in Cyprus of course each case is different people have uh maybe they have a partner here in Cyprus maybe they have friends maybe they're married and they're traveling all over the world but their wife is in Cyprus each case is totally different that's why I said at the beginning you need an experienced consultant like ourselves who's been dealing with this for many years and we can advise you accordingly on step on a stepbystep process the the application usually takes two to three months to be issued in the past it used to take longer now it's so streamlined by the Ministry of Finance and by the income tax office that is really fast I would say two months you get it maximum three and we will be more than happy to assist you this is something that we're dealing with on a weekly basis feel free to drop us an email at kt@ Cyprus accountants.com check our website check our articles on the matter check our social media just search for nomile and you're going to find lots of videos where we talk about this matter extensively thanks for watching and stay tuned
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CYAUSE Audit Services has extensive experience in the insurance industry has helped tens of insurance brokers and agents register and get licensed by the local Cyprus regulator granting them passporting access to the rest of the European Union.
CYAUSE Audit Services is an Audit & Assurance firm with offices in Cyprus and the UAE. During 2015 we have been awarded by I.C.P.A.C and the A.C.C.A (local and international association of Chartered Certified Accountants) for the Quality of our Audit Services and our Office's Procedures.
Being a Truly International Audit & Assurance firm, we have associates from all over the world and we are constantly looking for new associates to expand our network further. At present, CYAUSE Audit Services operates internationally through its membership with BKR International amongst the largest American associations in the world, Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience. Our network covers almost 40 jurisdictions with over 2,000 professionals, it supports more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and processes at least 170,000 payslips globally.
CYAUSE Audit Services Ltd is also a member of BKR International one of the biggest US Accounting Associations of the word and the 3E Accounting Network, an international accounting network which originates from Hong Kong and has more than 80 members from all over the world.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
