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Last updated: 14 July 2018 Larnaca, Phinikoudes seafront © 2014

RESIDENCY & CITIZENSHIP SERVICES

We specialise in four particular residency schemes:
two in Cyprus and two in Malaysia.

These schemes range from retirement residency for those who want to move and live in the country long term, through to those who simply looking for tax residency.

Please see below further details on each.

The Cyprus Non-dom EEA Tax Residency Scheme

The Malaysian MM2H Residency Scheme


CONTACT US

CYPRUS LONG-TERM RESIDENCY SCHEME

Please contact us for more information

MALAYSIA RESIDENCY

CYPRUS NON-DOM TAX RESIDENCY

WHAT IS CYPRUS ‘CATEGORY F’ RETIREMENT RESIDENCY

WHO IS THE SCHEME FOR?

The Cyprus retirement residency scheme (known as Category F) is available to everyone who meets the requirements.

WHAT DOES THE SCHEME OFFER?

The possibility to reside on a Mediterranean island with low living costs and good weather most of the year, including mild winters and warm to hot summers. Cyprus also has good air connections to many European destinations and further afield.

HOW TO ACQUIRE LONG TERM CYPRUS RESIDENCY UNDER THE RETIREMENT ?

The basic requirement is to demonstrate that you have sufficient funds to live in Cyprus. The main applicant must show an income of at least €9,568  p.a. with a further €4,613 for any dependants.


Please contact us for more information

The Cyprus ‘Category F’ Retirement Residency Scheme



WHO IS THE SCHEME FOR?

The Cyprus non-dom tax residency scheme is available to EEA nationals (EU + 4 others - including the UK until at least 31 March 2019).

WHAT DOES THE CYPRUS TAX RESIDENCY SCHEME OFFER?

Apart from sun, sea and sand, the Cyprus non-dom scheme offers the opportunity to receive certain categories of income tax free in Cyprus - in particular dividends and interest income.

WHAT IS A NON-DOM TAX RESIDENT?

Cyprus non-dom stands for ‘non-domiciled’ and means that anybody who is not domiciled in Cyprus, and has not been for the last 17 out of 20 years, is eligible providing they hold an EEA passport. This also means that tax residents under the scheme will be exempt from certain taxes e.g. taxes on dividends and interest income.

HOW TO BECOME A NON-DOM RESIDENT?

We offer a complete package which requires a visit to Cyprus of about three working days. This will include meeting our local lawyer, visiting the immigration department, obtaining a social insurance and tax number. It will also be possible to open a local bank account together with any other optional services that are requested (e.g. exchange of driving licence, getting a contract mobile phone etc).



WHAT DOES IT ALL COST?

This will partially depend on the optional services requested. Our base fee is €5,000 (approximately £4,404 including the services of our resident lawyer).

A personal bank account opening, if we assist you, is €500.

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Malaysian Tax Residency

WHAT DOES MALAYSIA OFFER?

WHAT DOES CYPRUS OFFER

There are four main population centres:

Nicosia the capital and commercial centre has busy shopping areas. From Nicosia all parts of Cyprus are easily reachable.

Larnaca has the main airport just 15 minutes away from the town centre and just 45 minutes from Nicosia. Larnaca has a busy expat community and the waterfront is currently being re-developed.

Limassol in the south of the island is now increasingly popular with Russian and Chinese expats, a busy port and with a large pedestrianised shopping area.

Paphos is popular with British expats and is on the west of the island. It has slightly milder weather and also has an airport, primarily for holiday flights.



WHAT IS MM2H?

MM2H stands for Malaysia My Second Home. Originally this was a retirement scheme but has since been widened to include everybody meeting the requirements below.

WHO IS THE SCHEME FOR?

The MM2H residency scheme is available to everyone who meets the requirements, of any nationality.

PROPERTY IN MALAYSIA

We can help with finding a suitable property in Malaysia. For those wishing to rent there is an abundance of moderately priced property throughout Malaysia. For those wishing to purchase, please note that there is a requirement that foreigners buying property must spend at least RM 1 million.

HOW TO BECOME AN MM2H RESIDENT?

We offer a complete package which requires a visit to Malaysia when your application has been approved. This will include meeting our local MM2H licensed agent, visiting the immigration department etc and also opening a local bank account. There are various optional services that we offer including  getting a contract mobile phone etc.

Please note that a police clearance certificate from the applicants country of residence is required.

In both of the above cases the deposit needs only be placed after the applicant has received the letter of ‘Conditional Approval’. Generally, the successful applicant must take out medical insurance valid in Malaysia - we can assist with this.







MM2H REQUIREMENTS

Applicants under 50 years old:

Applicants 50 years old and above :

MALAYSIA MM2H RESIDENCY

WHAT DOES IT ALL COST

Our base fee is €5,000 (including the services of our resident, licensed MM2H agent). There are, however, various options that can be chosen for which a quote will be provided.


Please contact us for more information

CYPRUS ‘CATEGORY F’ RETIREMENT RESIDENCY

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WHAT IS MALAYSIAN TAX RESIDENCY?

Malaysia operates territorial taxation that applies to both Malaysian citizens and to its tax residents. This means that only income earned in Malaysia is taxable, whilst income earned outside Malaysia and brought into the country is tax-free.  This opens the possibility of having a tax number in Malaysia and paying Malaysia tax only on Malaysia source income.

The Common Reporting Standard (CRS) requires an increasing number of countries (actually banks based in these countries) to report the balances held in both personal accounts and corporate accounts to the country where the owner(s) / controller of the balances is/are resident. Residency in this case is determined by the Tax Identification Number (TIN) supplied to the financial institution.

By obtaining a TIN in Malaysia (and notifying banks & other financial institutions as soon as possible), the CRS reports will be sent to the Malaysian authorities rather than the country of former residence.  

HOW TO BECOME A TAX RESIDENT IN MALAYSIA?

There are two ways for foreigners to obtain a TIN in Malaysia.  

Below we give more detailed information on both options:


OPTION 1 - FORMATION OF A MALAYSIAN COMPANY

By forming a Malaysian company e.g. for consultancy work, a tax return will need to be filed both in respect of the company and also the director(s) in respect of directors fees paid. This has the effect of a genuine Malaysian TIN being issued, which can be provided to banks etc worldwide in place of the TIN of former residence. No Malaysian income tax will be due on any income declared from outside Malaysia.

To put this into effect, the following steps will be taken:



Please contact us for more information

OPTION 2 - PROPERTY PURCHASE AND RENTAL

When you purchase a property in Malaysia you can make it available for long or short term rentals.  By doing so, you will be liable to taxation in Malaysia on the rental income received (less costs)  at the rate of 28%.  

We can assist you with:

All of the above can be done remotely by using a Power of Attorney.

As with Option 1, income earned outside Malaysia is not of interest to the Malaysia tax authorities.

MALAYSIAN TAX RESIDENCY