Complete step-by-step procedure to transfer your tax residence to Cyprus. Crypto tax rate: 8% (depuis 2026).
Crypto tax rate
8% (depuis 2026)
Crypto-friendly score
★★★★☆
Cost of living
Moderate
Banking ease
Moderate
Regulation
Favourable
Preparation time
3-6 months
A tax relocation to Cyprus requires 3-6 months of preparation. Here are the essential steps before leaving.
Check your passport validity (minimum 6 months)
Gather all financial documents (bank statements, crypto history)
Notify your tax authority of your planned departure
Apply for a residence permit
Take out international health insurance
Prepare to open a local bank account
Some countries apply an exit tax on unrealised capital gains. Check whether your country of origin is affected.
✅ Good news: Cyprus does not apply an exit tax upon entry.
Cyprus does not apply an exit tax on cryptocurrencies. Since 1 January 2026, crypto capital gains are taxed at 8% (article 20E of the Income Tax Law).
⚠️ Warning: your country of origin may apply an exit tax. Consult a tax adviser.
Choosing the right visa is essential for your tax relocation to Cyprus. Here are the main visa options available.
View the Cyprus visa guide on eVisa-Card.com →
Read the detailed guide on eVisa-Card.com: visa types, fees, processing times and procedures for Cyprus.
Opening a bank account in Cyprus is a crucial step. Here are the recommended banks and the procedure.
Account opening time : 1-3 weeks
Bank of Cyprus and Hellenic Bank are the most accessible. The process is relatively straightforward for EU residents. Prepare a reference letter from your current bank.
Transferring your crypto assets to Cyprus requires compliance with local regulations. Here is the procedure.
Regulator : CySEC
Verify that your exchange is authorised in the destination country
Verify CySEC compliance of your exchange
Transfer via an EU-regulated exchange (MiCA)
Keep a complete record of all transfers (dates, amounts, wallets)
Since 1 January 2026, Cyprus taxes crypto capital gains at a flat 8% (crypto-to-crypto swaps included). CySEC supervises exchanges. As an EU member state, intra-European transfers are facilitated.
Settling in Cyprus: what you need to know for your daily life.
Cyprus offers a pleasant Mediterranean climate and a moderate cost of living. The expat community is significant (especially in Limassol). English is widely spoken. The GESY health system is accessible.
Your tax obligations in Cyprus after settling.
Filing deadline
31 juillet
Forms to complete
TD1 (Personal Income Tax Return)
Full exemption on cryptocurrency capital gains
File an annual tax return
60-day rule: tax residence with only 60 days/year
Since 2026, Cyprus taxes crypto capital gains at 8%; crypto losses can only offset crypto gains of the same year. The 60-day rule allows tax residence with minimal presence. Crypto gains must be reported in the annual income tax return.
| Studio/1-bedroom rent | 600-1 000 EUR/month |
| Family rent (3 bedrooms) | 1 000-2 000 EUR/month |
| Utilities (water, electricity, internet) | 100-200 EUR/month |
| Food | 300-500 EUR/month |
| Transport | 50-100 EUR/month |
| Health insurance | 80-200 EUR/month |
| Estimated monthly budget | 1 200 - 4 000 EUR/month |
Until 2025, Cyprus did not tax individuals' crypto capital gains. Since 1 January 2026 they are taxed at a flat 8%, one of the lowest rates in the EU. Losses can only offset crypto gains of the same year.
Cyprus grants tax residence with only 60 days of presence per year (instead of 183), subject to certain conditions: you must not be tax resident in another country and must have an address in Cyprus.
Limassol is the crypto and fintech hub of Cyprus. Most companies in the sector are based there. Nicosia is more affordable but less connected to the crypto ecosystem.
Cyprus offers a moderate cost of living for the EU. Expect EUR 1,200–4,000/month depending on your lifestyle. Limassol is 20–30% more expensive than Nicosia or Paphos.
Yes, the Non-Domiciled status grants an exemption from the SDC (Special Defence Contribution) on dividends and interest for 17 years. This is very advantageous combined with 0% on crypto.
This guide is provided for informational purposes only and does not constitute tax, legal, or financial advice. Laws and regulations change regularly. Consult a qualified professional before making any decision regarding tax relocation.
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