Question 1

Does Cyprus non-dom apply to fund-distribution / carry income?

Accepted Answer

Carry / fund-distribution income is taxed based on its character. If structured as a dividend from a fund vehicle, Cyprus non-dom 0% SDC applies. If structured as performance-fee / management-fee income to an individual GP, it's PIT income (taxed at the personal bands). Many family offices and fund GPs structure carry through a Cyprus Ltd to convert to dividend treatment.

Question 2

Can I keep my UK private bank or do I have to move custody?

Accepted Answer

Most UK / Swiss / Luxembourg private banks are happy to keep an existing client who relocates. The relationship moves to the bank's non-resident desk, and the tax-reporting changes. The Cyprus side is straightforward additive: open a Cyprus current account for residency / day-to-day, keep your portfolio at the existing custodian.

Question 3

How does the 60-day rule actually work for someone with houses in 3 countries?

Accepted Answer

You spend 60+ days in Cyprus, no more than 183 days in any other single country, and you have a Cyprus home (rented or owned) and a Cyprus directorship/business. The 2026 reform repealed the old "not tax resident anywhere else" condition. Treaty tie-breaker applies if another jurisdiction also claims you. We document the calendar, the housing and the directorship in advance to avoid disputes.

Question 4

What's the realistic cost of running a family-office structure here?

Accepted Answer

For a single-family office with a Cyprus Ltd, a CIT and basic operations: incorporation €2–€4k; trust deed €4–€10k; ongoing accounting + audit €8–€20k/year; trustee fees €5–€15k/year (depending on AUM and complexity); legal retainer €5–€20k/year. Realistic floor for a properly-built structure: €25–€60k/year all-in, vs €100–€300k+ at Swiss / Luxembourg equivalents.

Question 5

What about Cyprus's 2026 €250k extension election?

Accepted Answer

The 2026 reform added two consecutive 5-year extensions to non-dom status, at €250,000 each (paid in advance, per block). This takes the maximum non-dom window from 17 to 27 years. For HNWIs with significant dividend / interest run-rate, this is materially valuable &mdash; we model whether to elect the extension or instead use the €50k/year flat election once you become deemed-dom.

Question 6

Can I run a RAIF and be a Cyprus non-dom at the same time?

Accepted Answer

Yes. RAIF is the fund vehicle; non-dom is your personal status. You can be a Cyprus non-dom, hold limited-partner interests in your RAIF, and receive distributions at 0% SDC. The GP / manager structure has its own tax setup (often a Cyprus Ltd taxed at 15%). We structure the full stack.

Question 7

How does this work with US-person FATCA / PFIC issues?

Accepted Answer

US persons relocating to Cyprus face the same FATCA and PFIC complexities anywhere outside the US. Cyprus banks report under FATCA; US funds need to be screened for PFIC treatment for US-person investors. We coordinate with US-person tax counsel for all US-citizen relocations &mdash; this is a specialist overlay we don't pretend to deliver alone.

Question 8

Are there minimum-stay requirements for the Pink Slip / Yellow Slip?

Accepted Answer

Yellow Slip (EU) is a registration certificate; once issued, there's no minimum-stay requirement to maintain it (though you can lose it if you leave Cyprus for 2+ continuous years). Pink Slip (Category F) is renewable; renewal requires evidence of continued financially-independent status &mdash; which the family-office / HNWI profile easily satisfies.

Question 9

What happens to my existing trust if I become Cyprus tax resident?

Accepted Answer

Depends entirely on the trust's terms, the settlor's residence at settlement, and the trust's situs. Most established offshore trusts (Jersey, Guernsey, BVI, Cayman) continue to function under their existing law. Cyprus residency may affect the income tax treatment of distributions to you. We review existing trust structures on engagement and recommend any needed adjustments.

Question 10

Is Cyprus a fit for a multi-jurisdiction family with kids in school elsewhere?

Accepted Answer

Often yes &mdash; Cyprus is genuinely well-suited to families because of British / American / IB schools across the island, English-language daily life, and the EU passport. Many of our HNWI clients keep one child at boarding school in the UK / Switzerland and base the rest of the family in Limassol or Nicosia. We coordinate the schooling and family-residence pieces.

Cyprus for funds, family offices and HNWIs — one of the cleanest non-dom + EU-fund regimes left

Worked example: UK HNWI with €4m portfolio, €600k of annual income (post-non-dom abolition)

Three things Cyprus does for funds & family offices that nowhere else in the EU does at once.

0% non-dom on worldwide dividends + interest

RAIF / AIF / AIFLNP regulatory framework

Private banking that actually opens

Three steps from decision to operational.

Strategy session

Cyprus entity / fund structure built

Banking + custody

Why Cyprus over Malta, Estonia, the UAE and Portugal — for funds & family offices.

The full scope, fixed-fee, signed before any payment.

HNWI relocation + non-dom

Family office Ltd / SoCC structure

RAIF / AIF / AIFLNP fund set-up

Cyprus International Trust

Cyprus structuring for funds & family offices, done properly.

A few questions we hear most

Deeper guides for funds & family offices