The UK scrapped its resident non-domicile regime, exposing formerly sheltered foreign income and gains to UK worldwide taxation. The 4-year FIG exemption for new arrivals is a limited transitional measure — not a replacement.
From April 2025, UK CGT on asset disposals has increased. For founders planning a share sale, the timing cost of remaining in the UK versus relocating to Cyprus (0% CGT on shares) can run into seven figures.
With the UK dividend allowance effectively eliminated and top rates hitting 39.35%, extracting profits from a UK company is expensive. Cyprus non-dom shareholders pay 0% SDC plus 2.65% GeSY — dramatically lower.
UK statutory residence test rules must be carefully navigated. Split-year treatment, the 90-day tie, and HMRC form P85 are all part of a clean exit. Getting residence termination wrong can leave you dual-resident.
UK exit tax analysis, CGT timing, share sale planning, HMRC P85 preparation.
Cyprus LTD formed, bank account opened, registered office established.
Rent or purchase Cyprus property, register with tax authority, apply for non-dom status.
TIC (Tax Identification Code) issued, non-dom certificate received, UK residency formally ceased.
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Legal Disclaimer: This page is for general informational purposes only and does not constitute legal or tax advice. Tax laws change frequently. Always seek independent professional advice tailored to your specific circumstances before making relocation or tax planning decisions.