Learn more about living in Cyprus for digital nomads - what are the benefits and the downsides and whether you should do it.
Is Cyprus a good place to live for digital nomads and entrepreneurs?
Andrew discusses service quality, accessibility, food, living standard, internet speeds, English proficiency, and more in this onshore tax haven.
Cyprus has a pretty low corporate tax rate, especially according EU standards, but that doesn't necessarily mean that personal income tax rates are low.
And if you decide to live in Cyprus, personal income tax of up to 35% could apply to you.
Cyprus has potential as a low-tax haven, but only if you run your business from there, not if you're living there long-term.
When it comes to stuff you can see and enjoy, there's something for everyone, and beach lovers will particularly enjoy Cyprus.
Thanks to Cyprus citizenship by investment program, you'll find plenty of Chinese and Russians there, and there's a diversity of people living there.
But what do you find when you venture out of upscale areas? What's the landscape and food like?
Watch the video to the end to get more interesting tidbits.
Subscribe to our channel and stay tuned for more videos and information about second passports, offshore strategy, reducing your taxes and going where you're treated best.
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: nomadcapitalist.com/about/
Our website: nomadcapitalist.com
Our blog: nomadcapitalist.com/blog/
Work with Andrew: holanomad.com/