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Cyprus: Country and Foreign Investment

Import of Foreign Capital

Personal interest income derived from foreign capital imported into Cyprus and deposited with a bank operating in Cyprus has traditionally been exempt from income tax. However, the entry into force of the EU Savings Tax Directive has affected this.

As with other EU countries, there are no restictions on the import of foreign capital. Any amount greater than €10,000 does, however, need to be declared.

 

 

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