Expatriation Cyprus - tax comparison
🇨🇾

Cyprus

VS
Expatriation Singapore - tax comparison
🇸🇬

Singapore

Cyprus vs Singapore

Complete comparison for your tax relocation

Data up to date as of January 15, 2025
Top income tax bracket
35%
🇨🇾 Cyprus
vs
24%
🇸🇬 Singapore
Monthly cost (single)
1 100 €
🇨🇾 Cyprus
vs
2 200 €
🇸🇬 Singapore
Safety
7/10
🇨🇾 Cyprus
vs
8/10
🇸🇬 Singapore

Taxation

🇨🇾Cyprus
🇸🇬Singapore
Top income tax bracket35%24%
Corporate tax12.5%17%
Capital gains0%0%
VAT19%9%
Tax treaty with FranceYesYes
Special regimeNon-Dom (exonération dividendes et intérets)Taxation territoriale et 0 % plus-values
Wealth taxNoNo
Territorial taxationNoYes
🇨🇾

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 et 0 % plus-values

Duration: Permanente (systeme par défaut)

Singapour ne taxe pas les plus-values personnelles et applique une imposition territoriale : seuls les revenus de source singapourienne ou rapatriés à Singapour sont imposés. Les taux d'imposition sont tres progressifs et bas.

Cost of living

🇨🇾Cyprus
🇸🇬Singapore
Monthly cost (single)1 100 €2 200 €
Monthly cost (couple)1 800 €3 500 €
City center rent850 €2 500 €
Outside city rent550 €1 600 €
Private health insurance70 €250 €
Public healthcareAccessibleAccessible

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

🇨🇾 Cyprus1 950 €/mo
🇸🇬 Singapore4 700 €/mo

Cyprus is approximately 2 750 € cheaper per month in total.

Quality of life

🇨🇾Cyprus
🇸🇬Singapore
Average temperature20°C27°C
Safety7/108/10
Health index56/10072/100
Internet80 Mbps300 Mbps
Timezone vs Paris+1h+7h
French-speaking communitySmallSmall
LanguagesGrec, Anglais, TurcAnglais, Mandarin, Malais, Tamoul
CurrencyEuro (EUR)Dollar singapourien (SGD)
Corruption index53/10083/100
Democracy index7.29/106.02/10

Settling in

🇨🇾Cyprus
🇸🇬Singapore
Residence permit delay2 months2 months
Company creation8 days2 days
Bank accountEasyEasy
Political stability7.5/109/10
Ease of business54th worldwide2th 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
🇸🇬

Singapore

  • Top IT: 24% | Corp. tax: 17%
  • Cost of living: 2 200 €/mo
  • Safety: 8/10 | Health: 72/100
  • Regime: Taxation territoriale et 0 % plus-values (Permanente (systeme par défaut))
View full profile Singapore

Comparative analysis: Cyprus vs Singapore

Which country has lower taxes?

In terms of taxation, Singapour is generally more advantageous. The top marginal income tax rate is 24% compared to 35% in Chypre. Corporate tax stands at 17% 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 2 200 EUR/month in Singapour. City center rent averages 850 EUR versus 2 500 EUR.

Which country is safer?

Singapour scores higher on safety (8/10 versus 7/10). In terms of healthcare, Singapour leads with an index of 72/100 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.