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Tuesday, April 28, 2026
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Cyprus has defended its Non-Domicile (Non-Dom) tax regime as debates over European tax harmonisation intensify, with the government confirming the structure will remain in place for 2026. The move comes one year after Portugal closed its Non-Habitual Resident (NHR) scheme to new applicants, leaving Cyprus as one of the few remaining EU jurisdictions offering broad dividend tax exemptions for incoming residents.
The Cyprus Non-Dom regime exempts qualifying tax residents from Special Defence Contribution (SDC) on dividend and interest income for up to 17 years. Under the regime, dividends are subject only to a 2.65% General Healthcare System (GHS) contribution with no income tax applied. Cyprus also operates a 60-Day Rule, which allows tax residency with as few as 60 days of annual presence, making it accessible to internationally mobile professionals and entrepreneurs.
The European Commission has intensified efforts to reduce harmful tax competition within the EU, including through implementation of the OECD Pillar Two global minimum corporate tax of 15%. Portugal terminated its NHR scheme in January 2024 following domestic political pressure. Italy amended its flat-tax regime for foreign income in 2023. Greece’s €100,000 flat-tax scheme for non-domiciled individuals remains active but has faced scrutiny from the European Commission.
The Cyprus Ministry of Finance has not indicated plans to modify the Non-Dom regime for 2026. Cyprus raised its corporate income tax rate from 12.5% to 15% in 2023 in compliance with the EU minimum tax directive, but kept individual taxation structures intact. The country continues to position itself as an EU-compliant low-tax jurisdiction for international business.
