Cyprus immigration

Why is Cyprus Non-Dom Residency & Business Setup Important?

Increasing your income isn’t just about earning more; it’s also about reducing your expenses, and the most significant expense for many is taxes. On July 17, 2017, the Parliament of the Republic of Cyprus passed a groundbreaking amendment to tax residency regulations for individuals, retroactively effective from January 1, 2017.

This legislation has made Cyprus the most attractive tax residency jurisdiction in the European Union. For entrepreneurs and especially for influencers, including OnlyFans creators, Cyprus has become the top choice, surpassing jurisdictions like Malta, Bulgaria, Romania, and Estonia.

With our emigration package to Cyprus, we’ve helped clients save five-figure sums every month!

Key Facts

• Tax exemption on most capital income for 17 years.
• Only 60 days of minimum stay in Cyprus per year are required.
• The taxpayer spends less than 183 days in another country (or tax residency on worldwide income would be triggered there, rendering the Non-Dom status obsolete).
• A financial connection and a permanent residence in Cyprus are necessary (property for rent or ownership).
• Generally, substantial tax savings can be realized due to the extended validity of the Non-Dom status.

Why it’s necessary

Relocating to a new country involves various bureaucratic hurdles and time commitments. Ofluence is committed to minimizing your efforts. Despite free choice of residence within the European Union, all EU member states have the right to request certain evidence for residency registration.

The Republic of Cyprus requires proof of health insurance, a source of income, and some other formalities for residency registration. We guide you through this process as part of our residency package.

Navigating the path to establishing an OnlyFans business is complex and requires the right contacts, including real estate agents and professional accountants who understand the unique nature of this work and can provide diligent support. We’ve been through this process and know who to trust.

Step 1: Personal Move & Yellow Slip Residency

Your Path to Cyprus Tax Residency

Cyprus has emerged as a prime destination for those seeking tax residency within the European Union. With a tax exemption on most capital gains for 17 years, a minimal requirement of 60 days’ annual stay in Cyprus, and the avoidance of worldwide income taxation, this opportunity is too lucrative to overlook.

What we do:

1. Initial Consultation: We begin with a discussion to understand your financial goals and needs.
2. Assessment: We assess your eligibility for Cyprus tax residency.
3. Property Selection: You choose a suitable property for rent or ownership in Cyprus to establish your connection to the country. We provide you our big network of matching Real Estate Agents. We take care of applying for your important utility bills in your name at the electricity company.
4. Documentation: We guide you through the preparation of necessary documents and give you checklists.
5. Application: We assist with the submission of your application for the Yellow Slip Residency.
6. Government Interaction: We provide the relevant authorities to ensure a smooth residency process.
7. Healthcare set up: We will help you comply with healthcare regulations, provide you with access to government healthcare platforms, find you a suitable – english speaking – doctor and apply for your European Health Insurance Card, doc’s paper and other formalities.
8. Legal Support: Our team provides guidance on legal aspects of your tax residency.

Step 2: Business Setup in Cyprus

Establishing Your Business Presence in Cyprus

Cyprus offers an enticing proposition for businesses due to its favorable tax environment and EU location. However, setting up a business can be complex. It’s crucial to have professional support to navigate this process successfully, especially for making it Adult Content compliant.

What we do:

1. Business Registration: We assist you with the registration and incorporation of your company in Cyprus and provide you with an accountant who is familiar with your business and international transactions.
2. Compliance Assurance: We ensure that your business complies with local laws and regulations. Our specialist lawyers will design your company policies to be OnlyFans compliant.
3. Financial Infrastructure: We assist in setting up financial and banking systems. Providing you access to our trusted bank partners that will allow payments from Fenix International Ltd. (OnlyFans Platform). Setting up a Mastercard and Visa account for you.
4. Remote Management: We provide support for managing your business remotely, so you do not have to be in Cyprus all the time.
5. Payment Handling: We strategize how to efficiently handle OnlyFans payouts securely and can target receipts to your main bank or spending account.
6. Financial Consultation: Our team will advise you on how to invest your money, how to be as clever as possible with your income and how you can achieve a long business life with short earning periods.
7. Professional Network: We connect you with reliable professionals for various business needs like lawyers, Co-Workers and Photographers.

Package 3: Non-Dom Residency & Business Setup

Comprehensive Residency and Business Establishment in Cyprus

For individuals seeking both tax-advantaged residency and business establishment in Cyprus, a comprehensive solution is crucial. This package combines the benefits of tax residency with business setup for a seamless process.

What we do:

1. Setup: Setting up the application for your Non-Dom status and providing you help to make it sure to get it.
2. Execute: Realizing your final tax benefits and providing you with all your detailed documents and certificates.
3. Customization: Tailored to meet the specific needs of individuals desiring both tax-advantaged residency and business presence in Cyprus.
4. Comprehensive Support: We offer full support to meet tax residency criteria, set up your business, and optimize financial operations.
5. Ongoing accounting and structuring support to make your stay in Cyprus as easy for you as possible.

Why choose us?

Ofluence offers you more than just services; we provide a life-changing opportunity to secure your financial future and achieve creative freedom. With our expertise, you can navigate the complexities of tax residency and business setup effortlessly. Our tailored approach means you’re not just a client; you’re a partner on a journey to success. We understand your unique aspirations and offer unwavering support to help you thrive in the competitive world of creators.

By choosing Ofluence, you gain access to a network of experts who will handle the intricate details of your transition, allowing you to focus on creating exceptional content. We ensure your path to financial security is smooth, and your business establishment in Cyprus is hassle-free, all while aligning seamlessly with your ongoing OnlyFans career!