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Cyprus Wealth Tax Guide 2026

Cyprus does not impose any form of wealth tax, net-worth tax, or annual property tax. The Immovable Property Tax (IPT) was abolished effective 1 January 2017. High-net-worth individuals and families can hold and grow assets without recurring wealth-based tax liabilities, making Cyprus one of the most attractive EU jurisdictions for wealth management.

No Wealth Tax

None — Cyprus has no annual wealth tax on individuals or companies. There is no tax on net worth, total assets, or any other measure of personal or corporate wealth.

No Annual Property Tax (IPT Abolished)

Cyprus had an annual Immovable Property Tax (IPT) that was levied on the market value of immovable property at progressive rates up to 1.95%. However, IPT was abolished effective 1 January 2017. There is currently no annual tax on property ownership. The only property-related charges are one-time transfer fees (3–8% on acquisition) and stamp duty (0.15–0.20%). See our Property Tax Guide for details.

No Financial Transaction Tax

Cyprus does not levy a financial transaction tax, stamp duty on securities transactions, or Tobin tax. Trading on the Cyprus Stock Exchange (CSE) incurs only minimal brokerage fees, with no tax on the transaction value. There is no capital duty on the issuance of shares.

No Net-Worth Tax

There is no net-worth or fortune tax. Assets held in Cyprus — including bank deposits, investment portfolios, real estate, and businesses — are not subject to annual taxation based on their value. This applies to both individuals and companies.

No Exit Tax

Individuals leaving Cyprus (expatriates or emigrating citizens) are not subject to any exit tax. There is no deemed disposal of assets upon leaving the country. Companies migrating their tax residence out of Cyprus are also not subject to exit tax, although certain anti-avoidance rules may apply.

Key Facts Summary

  • Annual wealth tax: None
  • Net-worth tax: None
  • Annual property tax (IPT): Abolished 2017
  • Financial transaction tax: None
  • Exit tax: None
  • Luxury tax: None
  • Bank account tax: None
  • Inheritance tax: None (abolished 2000)
  • Gift tax: None

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