50% exemption on employment income over EUR 55,000 (Cyprus)
Half your Cyprus salary free of income tax for up to 17 years.
Record checked Oct 27, 2026 · official source not yet confirmed by our automated check
Summary
People who start work in Cyprus after at least 15 consecutive years without Cyprus employment have 50% of their employment income exempt from income tax for up to 17 years, in any year their pay exceeds EUR 55,000; a smaller 20% exemption (capped at EUR 8,550 a year, for 7 years) exists for lower earners.
Dream spread
Half your Cyprus salary free of income tax for up to 17 years.
Relocation reality check
Only applies in years when your employment pay is above EUR 55,000; in lower-paid years you get nothing from this relief. You must not have worked in Cyprus for the 15 consecutive years before starting (employment from 30 June 2023). The 17-year clock runs from the year you start, whether or not you qualify every year. The 20% alternative is capped at EUR 8,550 a year and needs 3 consecutive years of employment abroad beforehand; the two cannot both be used on the same income.
Your fit signals
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See Solo & Household plansCheck: Income of EUR 55,000/year
Minimum income of EUR 55,000 per year.
Check: Local job required
The program expects a job with an employer in Cyprus — it is not a remote-work route.
Check: Family members not covered
Dependants are not included in this program — each family member needs their own route.
Reality engine
Four lenses on whether this move fits you — tap a panel to see the logic behind each signal.
Eligibility
Employees (with a Cyprus or foreign employer) starting work in Cyprus after 15 consecutive tax years without Cyprus employment, earning over EUR 55,000 a year; tax residence after arrival is not required.
Conditions
The program's rules on record, blockers first. Confirm each on the official source.
Income of EUR 55,000/year
BlockerMinimum income of EUR 55,000 per year. Derived from the program's stated requirement — the official source sets how income is measured (gross or net, period, family add-ons).
Local job required
CautionThe program expects a job with an employer in Cyprus — it is not a remote-work route.
Family members not covered
CautionDependants are not included in this program — each family member needs their own route.
Costs & money
The amounts & terms on record from the official source. USD figures are estimates.
- Income requirement
- 55,000 EUR per year≈ USD 5,149/month (approximate, as of 2026-10-21)
- Duration
- 204 months (about 17 years)
- Property purchase
- Not required
- Tax
- Art. 8(23A) Income Tax Law as amended by N.51(I)/2023 (Circulars 10/2022 and 4/2024): 50% of remuneration from any employment in Cyprus exempt for 17 years where pay exceeds EUR 55,000. Art. 8(21A): 20% of employment income, max EUR 8,550 a year, for 7 years from the year after employment starts, if employed outside Cyprus for at least 3 consecutive years before. Exemptions apply whether or not the person becomes Cyprus tax resident.
True cost to move
Upfront cash, reimbursements, and net position after approval — not headline incentive amounts.
- Flights & logistics
Application roadmap
A practical sequence — adjust for your consulate and timeline.
1. Confirm official eligibility
Read the primary government source.
2. Gather income & employment proof
Bank statements, contracts, or tax records.
3. Book consulate / immigration appointment
Slots vary by country and season.
4. Prepare health coverage
Meet minimum coverage rules before arrival.
Meet people before you go
We are still curating 🇨🇾 Cyprus-specific communities. Meanwhile, these global boards answer relocation questions every day.
Communities being curated — start with r/expats meanwhile
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Life abroad, country comparisons, honest post-move retrospectives.
Source trail
We could not fully confirm the key figures against the official source. Check it yourself before relying on them.
“"Εργοδότηση στη Δημοκρατία μετά από 15 έτη απουσίας ... 50% απαλλαγή της αμοιβής από οποιαδήποτε εργοδότηση στη Δημοκρατία ... > €55.000 ... 17 έτη" [Employment in Cyprus after 15 years' absence: 50% exemption of remuneration from any employment in the Republic; pay > EUR 55,000; 17 years] (Cyprus Tax Department)”
Primary official sourceLast checked Oct 27, 2026- Secondary referenceLast checked Oct 27, 2026
Rule changes
CasaSedora last checked the official source on 14 Nov 2026. Changes appear here once two independent automated checks agree on them, or a person confirms them.
No rule changes recorded since monitoring began.
Our summaries point you to what moved — always confirm details on the official source.