Tax resident

Usually, Cyprus has lower tax rates, but it also provides an excellent system for foreign individuals based on tax residency rights. In order to make the system more competitive and even more attractive to foreign investors, the Cyprus government has introduced the "60 day rule" and "non residential status".
"60 day rule"
An individual who has not resided in any other country for more than one or more periods (totaling more than 183 days) within the same tax year and has not resided in any other country within the same tax year is considered a resident of Cyprus in the tax year in which:
Individuals staying in Cyprus for at least 60 days during the tax year;
Not residing in any other single identity for more than 183 days;
Not a tax resident in any other country; At any time during the tax year, engage in business and/or be employed in Cyprus and/or work for Cyprus tax resident companies;
Maintain (by owning or renting) permanent housing in Cyprus.
Non local
By introducing "non resident" or "non local resident" rules, individuals who have not settled in Cyprus will not be subject to any interest, rent, or dividends (whether actual or actual). Or regarded as), regardless of whether such income is generated or not.
The dividend income tax payable by non resident Cyprus residents is 0%;
The interest income tax payable by non resident Cyprus residents is 0%;
Rental income is only subject to income tax at the standard tax rate.