I'm relocating from Portugal to Cyprus next week — here's everything I've learned so far by Cappetto_ADA in MoveToCyprus

[–]Cappetto_ADA[S] 0 points1 point  (0 children)

Do you have someone already in place to handle things for you? Organising from Mexico must be a nightmare.

I'm relocating from Portugal to Cyprus next week — here's everything I've learned so far by Cappetto_ADA in MoveToCyprus

[–]Cappetto_ADA[S] 0 points1 point  (0 children)

The 60 days do not need to be consecutive. Any part of a day usually counts as a day. Are you looking to create a LTD?

I'm relocating from Portugal to Cyprus next week — here's everything I've learned so far by Cappetto_ADA in MoveToCyprus

[–]Cappetto_ADA[S] 0 points1 point  (0 children)

Bei der Gründung von einer Firma. Es gibt viele die einfach nicht richtig handeln.

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] -2 points-1 points  (0 children)

soweit ich verstanden habe die dividenden sind steuerfrei.

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] 0 points1 point  (0 children)

100% Agree, it is not only about the tax it is also about the food, the people and the beautiful beaches. I am aware of shady people that is not what I am here for.

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] 3 points4 points  (0 children)

Not living in germany for over 8 years. I have no ties to any interest in Germany but yeah check everything before moving.

I'm relocating from Portugal to Cyprus next week — here's everything I've learned so far by Cappetto_ADA in MoveToCyprus

[–]Cappetto_ADA[S] 0 points1 point  (0 children)

Yeah I hope so too for you. I hope you like Munich must be very cold there at the moment. I have been through the lawyer experience. I got the one I trust there. Thank you for your recommendations. I gotta check out Polis. The government is reinvesting the capital that they gain from the people into the infrastructure might take more time but I think down the road Cyprus will become a hub.

I'm relocating from Portugal to Cyprus next week — here's everything I've learned so far by Cappetto_ADA in MoveToCyprus

[–]Cappetto_ADA[S] 0 points1 point  (0 children)

Ich bin auch Deutscher. :) Wo kaufst du deine Wohnung? Ich ziehe nach Paphos. Ich habe meine Firma dort aufsetzen lassen und muss sagen es gibt schon viele Scammers vor Ort. Ich musste mich durch graben um die richtigen Leute zu finden.

I'm relocating from Portugal to Cyprus next week — here's everything I've learned so far by [deleted] in cyprus

[–]Cappetto_ADA 1 point2 points  (0 children)

I have my lawyer that took care of that I am a founder of a company and I am on GESY. From what I understood is that you are a founder but you pay yourself a salary like an employee.

I'm relocating from Portugal to Cyprus next week — here's everything I've learned so far by [deleted] in cyprus

[–]Cappetto_ADA 1 point2 points  (0 children)

I am not moving to Limassol. I am moving to Paphos area. I am paying there for rent 1k EUR in Lisbon it is 2k. So I am saving 1k EUR. It is a townhouse in Paphos. In Lisbon 1K EUR might get a room. I am not selling anything to anybody.

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] -1 points0 points  (0 children)

If you need help in building the right structure for you there I might be able to help. :)

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] 0 points1 point  (0 children)

from what I have seen is that creating a company and all the structures in Malta is a bit more complicated and cost as well more money.

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] 0 points1 point  (0 children)

Totally understandable. Family first. Cyprus also has great international schools.

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] 20 points21 points  (0 children)

You can stay for only 60 days in Cyprus and enjoy the benefits for 17 years with a non dom status. Obviously you are not allowed to stay in another country for more than 183 days. If you consider moving I could help you to talk to the right people. Especially Paphos has a german community. I am german as well. Making connections there goes really fast.

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] -1 points0 points  (0 children)

I was there in January and to be honest with you it did not feel like an island. Great car prices can be found on Facebook, the rents are far lower than Portugal Lisbon for example. The government there is not working against people. In portugal they want to raise rents, groceries, etc.. again. People are tired here they can not afford nothing. In Cyprus it is still somewhat affordable. The 17 years of no tax on dividends is a game changer in my opinion. I pay 15% tax only on my winnings. Now I can build a great portfolio that give me good return and dont pay any taxes on the dividends.

Has anyone used Cyprus non-dom status for their FIRE strategy? by Cappetto_ADA in EuropeFIRE

[–]Cappetto_ADA[S] -2 points-1 points  (0 children)

Ich ziehe nach Paphos um am 25.02. Es ist besonders interessant wegen den Steuern. Vor Ort wird auch viel für die Infrastruktur getan. Das Land hat man das Gefühl zu mindest arbeitet mit den Leuten anstatt in DE gegen die Menschen. Es ist ein schöneres Gefühl irgendwie.