Expatriation Cyprus - tax comparison
🇨🇾

Cyprus

VS
Expatriation United Kingdom - tax comparison
🇬🇧

United Kingdom

Cyprus vs United Kingdom

Complete comparison for your tax relocation

Data up to date as of January 15, 2025
Top income tax bracket
35%
🇨🇾 Cyprus
vs
45%
🇬🇧 United Kingdom
Monthly cost (single)
1 100 €
🇨🇾 Cyprus
vs
1 800 €
🇬🇧 United Kingdom
Safety
7/10
🇨🇾 Cyprus
vs
5/10
🇬🇧 United Kingdom

Taxation

🇨🇾Cyprus
🇬🇧United Kingdom
Top income tax bracket35%45%
Corporate tax12.5%25%
Capital gains0%24%
VAT19%20%
Tax treaty with FranceYesYes
Special regimeNon-Dom (exonération dividendes et intérets)None
Wealth taxNoNo
Territorial taxationNoNo
🇨🇾

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.

Cost of living

🇨🇾Cyprus
🇬🇧United Kingdom
Monthly cost (single)1 100 €1 800 €
Monthly cost (couple)1 800 €2 900 €
City center rent850 €1 600 €
Outside city rent550 €1 000 €
Private health insurance70 €0 €
Public healthcareAccessibleAccessible

Estimated total monthly budget (single, with city center rent)

🇨🇾 Cyprus1 950 €/mo
🇬🇧 United Kingdom3 400 €/mo

Cyprus is approximately 1 450 € cheaper per month in total.

Quality of life

🇨🇾Cyprus
🇬🇧United Kingdom
Average temperature20°C11°C
Safety7/105/10
Health index56/10073/100
Internet80 Mbps100 Mbps
Timezone vs Paris+1h-3h
French-speaking communitySmallLarge
LanguagesGrec, Anglais, TurcAnglais
CurrencyEuro (EUR)Livre sterling (GBP)
Corruption index53/10071/100
Democracy index7.29/108.54/10

Settling in

🇨🇾Cyprus
🇬🇧United Kingdom
Residence permit delay2 months6 months
Company creation8 days5 days
Bank accountEasyModerate
Political stability7.5/108/10
Ease of business54th worldwide8th 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)
View full profile Cyprus
🇬🇧

United Kingdom

  • Top IT: 45% | Corp. tax: 25%
  • Cost of living: 1 800 €/mo
  • Safety: 5/10 | Health: 73/100
View full profile United Kingdom

Comparative analysis: Cyprus vs United Kingdom

Which country has lower taxes?

In terms of taxation, Chypre is generally more advantageous. The top marginal income tax rate is 35% compared to 45% in Royaume-Uni. Corporate tax stands at 12.5% versus 25%. Capital gains are taxed at 0% in Cyprus versus 24% in United Kingdom.

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 1 800 EUR/month in Royaume-Uni. City center rent averages 850 EUR versus 1 600 EUR.

Which country is safer?

Chypre scores higher on safety (7/10 versus 5/10). In terms of healthcare, Royaume-Uni leads with an index of 73/100 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.