Hi there,
I am wondering if anyone can shed some light on this situation for me as I'm a little confused.
Apparently, as of last year, Cyprus now has a "60-day rule" for those who reside in the Republic for 60+ days. The requirements of this are that you cannot be a tax resident of any other state and must not live in another state for any longer than 183 days of the year.
While I completely understand the above, what I am perplexed about is the "183-day rule". Apparently, it still stands in Cyprus; as does the new 60-day rule.
So, my question is: What's the difference and which one would apply to me?
To lend you some insight into my situation, I plan on staying a tax resident of the UK while I visit Paphos for 3-6 months this year to get a "feel" for living in Cyprus.
If I love it, I'll come back to the UK to prepare myself to move out there towards the end of the year. And if I don't like it (hope not!), obviously, I'll head back home.
Thanks,
Dan