New Tax Reforms Put Cyprus in the Spotlight

As Cyprus prepares to introduce a fresh wave of tax reforms, the island is once again positioning itself as one of the most attractive relocation and investment destinations in Europe. The proposed changes, set to reach full implementation by 2026, are expected to enhance both the business environment and quality of life for residents.

These reforms, led by CypERC and the advisory committee, are not just administrative updates. They reflect a national strategy to boost economic growth, support families, and promote sustainable development, while keeping Cyprus competitive on the global stage.

What the New Tax Reforms Include

Whether you are a business owner, property investor or family planning a new chapter in Cyprus, these reforms could benefit you directly:

• Abolition of deemed dividend distribution, making Cyprus more appealing for company shareholders.
• Withholding tax on dividends reduced from 17% to 5%.
• Retention and extension of non-domicile status, which continues to offer significant tax advantages for foreign nationals.
• SDC (Special Defence Contribution) on rental income eliminated, improving rental returns.
• Incentives for businesses investing in digital transformation and green initiatives, including super deductions, accelerated depreciation, and training incentives.
• Tax deductions for families, covering housing loans, rent and eco-upgrades for homes.

These changes will likely reshape financial planning and relocation decisions, strengthening Cyprus’s role as a forward-thinking, investment-friendly country.

Confidence from the Experts

Velment’s CEO and Migration Expert, Yiannos Trisokkas, has already seen the growing interest:
“Being informed about the new tax reforms, has already caught the attention of so many individuals interested in relocating to Cyprus. I am truly so content with the fact that ever-more individuals acknowledge Cyprus as the ideal relocation destination for both business and leisure. Be sure that our expert advisory support here at Velment is fully equipped and ready to accommodate the relocation needs of our current and potential clientele. We pride in our devotion to guiding you to the right direction concerning migration, property sales and management services.”

Investment Opportunities Worth Exploring

With interest in Cyprus on the rise, now is the time to explore real estate options that align with the new financial and lifestyle benefits.

Bluebell Apartments Block B – Limassol

Located in one of Cyprus’s most dynamic cities, Bluebell Apartments Block B offers a rare combination of comfort, convenience and investment value. Positioned in a lively commercial and residential zone near the city centre, this boutique residential building features 12 stylish apartments.

Residents enjoy:

• Walking distance to shopping centres, local schools and major business offices
• Easy access to the island’s main highway
• Modern architecture with open-plan layouts and premium finishes
• Covered parking and a secure, private environment
• Eligibility for residency by investment

Bluebell is an ideal choice for professionals, families or investors seeking long-term value in a growing urban hub.

Aqua Breeze Beachfront Villas – Ayia Napa

If your vision of life in Cyprus involves sun, sea and unmatched tranquillity, Aqua Breeze Beachfront Villas delivers just that. Situated a few steps from the iconic Nissi Beach, this exclusive development comprises two luxury villas that offer both privacy and direct access to the coast.

Each villa features:

• Four spacious bedrooms
• A private infinity swimming pool and BBQ area
• A fully equipped kitchen with high-end appliances
• Top-tier finishes and smart home infrastructure
• A short drive to vibrant nightlife and fine dining

Ready to Make Your Move?

The upcoming tax reforms are set to reshape how investors and residents plan their future in Cyprus. Whether you are focused on financial growth or looking for a fresh start in the Mediterranean, Velment is here to support your journey. You can also browse our own boutique residential developments in Cyprus and Greece, carefully selected to meet high standards of comfort, design and long-term value. Our team is ready to guide you every step of the way.

For personalised consultation, contact us at info@velment.com.
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