Tax residency rules in Cyprus are to change as of 1 January 2018, with the current 183-day rule to be replaced with a triple criterion which must be entirely satisfied in order for an individual to qualify for Cyprus residency.

Following unanimous parliamentary approval of the relevant bill on 14 July 2017, in order to qualify for residency in the country, individuals must now remain in Cyprus for at least 60 days in the relevant year of assessment; conduct a business or be employed in Cyprus, or hold an office to a person resident in Cyprus at any time during the year of ...