Cyprus
Hong Kong
Cyprus vs Hong Kong
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 35% | 17% |
| Corporate tax | 12.5% | 16.5% |
| Capital gains | 0% | 0% |
| VAT | 19% | 0% |
| Tax treaty with France | Yes | Yes |
| Special regime | Non-Dom (exonération dividendes et intérets) | Taxation territoriale stricte |
| Wealth tax | No | No |
| Territorial taxation | No | Yes |
Non-Dom (exonération dividendes et intérets)
Duration: 17 ans
Les résidents non-domiciliés à Chypre bénéficient d'une exonération totale sur les dividendes et les intérets pendant 17 ans. Combiné avec l'absence d'impot sur les plus-values (hors immobilier chypriote), c'est l'un des régimes les plus avantageux d'Europe.
Taxation territoriale stricte
Duration: Permanente (systeme par défaut)
Hong Kong ne taxe que les revenus de source hongkongaise. Les revenus de source étrangere, dividendes, intérets et plus-values sont totalement exonérés. Il n'y a ni TVA, ni impot sur les plus-values, ni impot sur les successions.
Cost of living
| Monthly cost (single) | 1 100 € | 2 000 € |
| Monthly cost (couple) | 1 800 € | 3 200 € |
| City center rent | 850 € | 2 200 € |
| Outside city rent | 550 € | 1 400 € |
| Private health insurance | 70 € | 180 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Cyprus is approximately 2 250 € cheaper per month in total.
Quality of life
| Average temperature | 20°C | 23°C |
| Safety | 7/10 | 8/10 |
| Health index | 56/100 | 67/100 |
| Internet | 80 Mbps | 280 Mbps |
| Timezone vs Paris | +1h | +7h |
| French-speaking community | Small | Small |
| Languages | Grec, Anglais, Turc | Cantonais, Anglais, Mandarin |
| Currency | Euro (EUR) | Dollar de Hong Kong (HKD) |
| Corruption index | 53/100 | 75/100 |
| Democracy index | 7.29/10 | 5.28/10 |
Settling in
| Residence permit delay | 2 months | 2 months |
| Company creation | 8 days | 3 days |
| Bank account | Easy | Easy |
| Political stability | 7.5/10 | 7/10 |
| Ease of business | 54th worldwide | 3th worldwide |
Summary
Cyprus
- Top IT: 35% | Corp. tax: 12.5%
- Cost of living: 1 100 €/mo
- Safety: 7/10 | Health: 56/100
- Regime: Non-Dom (exonération dividendes et intérets) (17 ans)
Hong Kong
- Top IT: 17% | Corp. tax: 16.5%
- Cost of living: 2 000 €/mo
- Safety: 8/10 | Health: 67/100
- Regime: Taxation territoriale stricte (Permanente (systeme par défaut))
Comparative analysis: Cyprus vs Hong Kong
Which country has lower taxes?
In terms of taxation, Hong Kong is generally more advantageous. The top marginal income tax rate is 17% compared to 35% in Chypre. Corporate tax stands at 16.5% versus 12.5%.
Which country is cheaper to live in?
The cost of living is lower in Chypre. A single person spends about 1 100 EUR/month excluding rent, compared to 2 000 EUR/month in Hong Kong. City center rent averages 850 EUR versus 2 200 EUR.
Which country is safer?
Hong Kong scores higher on safety (8/10 versus 7/10). In terms of healthcare, Hong Kong leads with an index of 67/100 compared to 56/100 for Chypre.
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Disclaimer
The tax information presented is based on estimates from public sources (PwC, OECD, government sources). It does not constitute tax or legal advice. Tax rules change regularly and your personal situation may significantly affect the calculation. Consult a qualified professional before making any relocation decision.