🇨🇾 Cyprus vs 🇲🇨 Monaco
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇨🇾 Cyprus | 🇲🇨 Monaco |
|---|---|---|
| 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% | 25% (non-Monaco revenue) |
| Residency Requirement | Category F permit (€50k deposit) | €500k+ deposit |
| Minimum Stay | 60 days (special regime) | None |
| Cost of Living | Moderate ($2,000-3,500/mo) | Very High ($8,000+/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
🇲🇨 Monaco
Highlights
- ✅Zero personal income tax
- ✅Ultra-safe
- ✅Mediterranean climate
- ✅Prestigious address
- ✅EU border access
Considerations
- ⚠️Extremely expensive
- ⚠️Tiny country
- ⚠️Hard to get residency
Best For
- 👤Ultra-high-net-worth
- 👤F1 enthusiasts
- 👤Yacht owners
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 Monaco if: You prioritize zero personal income tax and ultra-safe. Ideal for ultra-high-net-worth, f1 enthusiasts, yacht owners.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.