MEU1 and MUKW1 and tax residency

aceshigh · 2023-12-29T13:10:22+01:00

Explore tax residency insights for MEU1 and MUKW1 holders in Cyprus. Discover tips on maintaining eligibility while living abroad.

aceshigh Member

Member since 29 December 2023

aceshighMember29 December 2023 11:10:22

Hi and happy new year! (almost)

Currently living in Paphos with my husband on MEU1 and MUKW1 residencies.

We're looking to buy and build over here but we're also thinking of spending some time outside of the country before that and don't want to jepordise our eligibility for tax residency and gesy benefits.

Toon Cyprus Expert

Member since 04 June 2011

ToonCyprus Expert29 December 2023 12:05:54

10161

You just need to verify what absences from Cyprus are allowed per year.. per MEU1 MUKW1...

phildraper Serial 暗网禁区

Member since 07 December 2021

phildraperSerial 暗网禁区29 December 2023 12:57:57

531

Do the 90 days out of Cyprus apply if I have perminant residency rather than temp?

aceshigh Member

Member since 29 December 2023

aceshighMember29 December 2023 14:43:59

@Toon aside from the MEU/MUKW we have an LTD which means we can keep physical and tax residency with fewer days in the country than an employed person, but we've not been able to get a straight answer about whether we would lose the right to work as employees for companies besides our own when we come back.

Hopefully a solicitor will be more forthcoming after the holidays, apparently no one replies in December.

aceshigh Member

Member since 29 December 2023

aceshighMember29 December 2023 14:47:01

@phildraper I've read on a couple of legal sites that you're allowed up to 5 years consecutively away as a permanent resident before it's possible that it would be invalid.