The UK lost about 20k wealthy people last year due to its tax reform. Half flew to the UAE. Zero income tax. Zero questions
Cyprus? Was frozen for 22 years since it joined the EU club in 2004. It just rolled out the red carpet tax reform:
- You are free of taxation if your income less than €22k/year
- 8% Flat Tax on Crypto & ESOPs
- 5% Dividend Tax slashed from 17%. To keep the local rich from running. Foreigners don’t pay dividend tax at all the first 17 years in the island. 17!
My startups are registered in Cyprus, and I like the reform 👍
What’s missing? Property tax. Still zero. That sounds like paradise until you walk Limassol and see the city center. Empty lots like missing teeth. Prime land is rotting. Elderly landowners are not motivated to sell/develop. The city is a museum of missed opportunities
#TaxReform #Cyprus #Limassol #Startups #Crypto #ESOP #DigitalNomads #Web3 #NomadLife #FinTech #Blockchain



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