🇨🇾 Cyprus vs 🇮🇹 Italy
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇨🇾 Cyprus | 🇮🇹 Italy |
|---|---|---|
| Tax System | Non-Dom Regime | Flat Tax Regime |
| Income Tax (Foreign) | 0% on dividends | €100k flat (foreign income) |
| Capital Gains Tax | 0% (most cases) | 0% (foreign) |
| Corporate Tax | 12.5% | 24% |
| Residency Requirement | Category F permit (€50k deposit) | Elective Residency Visa |
| Minimum Stay | 60 days (special regime) | 183 days |
| Cost of Living | Moderate ($2,000-3,500/mo) | Moderate-High ($2,500-4,000/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
🇮🇹 Italy
Highlights
- ✅€100k flat tax on foreign income
- ✅World-class culture
- ✅Amazing food
- ✅EU membership
- ✅Beautiful country
Considerations
- ⚠️Bureaucracy
- ⚠️Language barrier
- ⚠️Regime has time limits
Best For
- 👤Wealthy individuals
- 👤Culture lovers
- 👤EU access 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 Italy if: You prioritize €100k flat tax on foreign income and world-class culture. Ideal for wealthy individuals, culture lovers, eu access seekers.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.