As of 1 January 2017, an individual who does not spend more than a total of 183 days in any State within a tax year and is not a tax resident of another State within the same tax year and satisfies the following three conditions:
- remains in Cyprus for at least 60 days in the tax year;
- carries on a business in Cyprus and/or work in Cyprus and/or be director in a company tax resident in Cyprus at any time during the tax year.
- maintains a permanent home in Cyprus which can be either owned or rented
will be considered as a Cyprus tax resident.
It is clarified that, if the employment/business is terminated, then the individual shall cease to be considered a Cyprus tax resident for that tax year.