🇨🇾 Cyprus vs 🇻🇬 British Virgin Islands
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇨🇾 Cyprus | 🇻🇬 British Virgin Islands |
|---|---|---|
| Tax System | Non-Dom Regime | Zero Tax |
| Income Tax (Foreign) | 0% on dividends | 0% |
| Capital Gains Tax | 0% (most cases) | 0% |
| Corporate Tax | 12.5% | 0% |
| Residency Requirement | Category F permit (€50k deposit) | Work permit or investor |
| Minimum Stay | 60 days (special regime) | None |
| Cost of Living | Moderate ($2,000-3,500/mo) | High ($4,000-6,000/mo) |
🇨🇾 Cyprus
Highlights
- ✅EU membership
- ✅English widely spoken
- ✅60-day rule for tax residency
- ✅Non-dom dividend exemption
- ✅Good weather
Considerations
- ⚠️Divided island
- ⚠️Hot summers
- ⚠️Limited winter activities
Best For
- 👤Non-dom status seekers
- 👤Holding companies
- 👤Yacht owners
🇻🇬 British Virgin Islands
Highlights
- ✅Zero taxes
- ✅Corporate haven
- ✅British legal system
- ✅Caribbean lifestyle
- ✅Sailing paradise
Considerations
- ⚠️Expensive
- ⚠️Small community
- ⚠️Hurricane risk
Best For
- 👤Corporate structuring
- 👤Yachting
- 👤Privacy seekers
Which Should You Choose?
Choose Cyprus if: You prioritize eu membership and english widely spoken. Ideal for non-dom status seekers, holding companies, yacht owners.
Choose British Virgin Islands if: You prioritize zero taxes and corporate haven. Ideal for corporate structuring, yachting, privacy seekers.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.