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  • Cyprus at a Glance
    Click on the orange spot on map to find out more information about each city
  • Studying In Cyprus
  • Cyprus Property Market
  • Cyprus Tax
Return to Cyprus EU Passport Program

  • Map
    Life Expectancy
    78.34
    54/223
    Literacy Rate 98.7%
    State of World Liberty Index 9/159
    Index of Economic Freedom 20/157
    Human Development Index 29/177
    Global Competitiveness Report 46/125
    Population as of 2014
    1.15 million
    156/242
  • Cyprus is a beautiful island situated at the crossroads of Europe, Asia and Africa. Throughout the centuries, Cyprus has been a meeting place of civilizations and cultures. In May 2004, Cyprus joined the European Union and became its easternmost and southernmost outpost. Attracted by a climate and culture that perfectly complements the excellent academic system, around 8,000 international students from more than 60 countries flock to Cyprus every year.

    The official Languages in Cyprus are Greek and Turkish. But most of the population is multilingual and English is commonly spoken as a second language as Cyprus was a British Colony. Universities in Cyprus use English as the official language of instruction and administration. Foreign or International students can easily navigate the university, the community, and travel throughout Cyprus.

    The education system of Cyprus is divided into pre-primary education (ages 3–6), primary education (ages 6–12), secondary education (ages 12–18) and higher education (ages 18+). Full-time education is compulsory for all children aged between 5 and 15. Higher education often begins with a four-year bachelor’s degree. Postgraduate degrees include master’s degrees, either taught or by research, and the doctorate, a research degree that usually takes at least three years.

    The benefits of studying in Cyprus :

    • Internationally recognized quality education.
    • High standard of living in affordable cost.
    • Safe and friendly environment with crime ratio less than 1%.
    • Pleasant Mediterranean climate with temperatures.
    • Credit transfers to US, Canada and other EU countries.
    • Scholarships that covers up to 40% of tuition to all international students.
    • Multicultural learning environment.
    • Opportunities for Students to combine education, work and pleasure.
    • Preparation of students to work in today’s global marketplace

    Major Universities in Cyprus:

  • Cyprus map
      • Disclaimer

        The following commentary is provided for general information only and should not be relied upon as specific taxation advice. Readers should note that this section is not a comprehensive and complete tax guide. As tax is complex and may change, we recommend that you obtain expert advice in relation to your personal circumstances, particularly in relation to your residency status for income tax purposes. While you may need to pay tax on your investments, you may also be able to receive relief due to your residency status.

        Tax Residency

        The Cyprus Income Tax Law defines a “resident in the Republic”, when applied to an individual, to being an individual who stays in the Republic for a period or periods exceeding in aggregate 183 days in the year of assessment. A “nonresident or resident outside the Republic” will be construed accordingly. Resident persons will be charged to tax on their worldwide income.

        Double taxation treaties are made in order to avoid paying income tax in two countries. This gives the option to the citizen of the countries to take advantage of the low rate of tax in Cyprus . Countries that Cyprus has double taxation treaties including: Canada, China, France, Germany, India, Singapore, United Kingdom and United States.

        Broadly, Cyprus income tax is levied as follows:

         Cyprus income? (eg interest, rent, dividends)Foreign income? (eg interest, rent, dividends)Cyprus and foreign capital gains?
        Cyprus residentYes
        Yes
        No
        Temporary resident
        Yes
        No
        No
        Foreign resident
        Yes
        No
        No

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