Country guide
Cyprus for nomads: 8% crypto tax, 60-day rule and banks
By DmytroLast checked
- Currency
- EUR
- Crypto tax
- 8% on crypto profit from 2026
- Tax residence test
- 183 days, or the 60-day rule
- Remote-work stay
- Digital nomad permit: €3,500 net a month; 500 permits
Short answer
In Cyprus you pay in euros, so the planning that matters is mostly about tax. From 2026 qualifying crypto profit is taxed at 8%, the 60-day rule can make you tax resident after 60 days if you meet every condition, and the digital nomad permit asks non-EU applicants for at least €3,500 net a month.
Paying on the trip
Cards that hold another currency convert at the issuer’s rate and may add a fee, so a euro balance or a low-FX card saves money.
Euro rent and deposits can go by SEPA transfer; check your provider’s fee and delivery time first.
Banks and cards
Cypriot banks ask for identity, address, tax-residence and source-of-funds documents; a digital nomad permit helps with the application, and the bank decides.
Keep money for accommodation and rental holds apart from spending money, so a deposit hold leaves you enough to live on.
Crypto rules
From 2026, Article 20E taxes qualifying profit from crypto disposals at 8%; the base is the profit, not gross proceeds. The rule also covers business disposals. Mining follows the ordinary rules, and NFTs generally fall outside this crypto definition.
Crypto losses offset qualifying crypto profits of the same year only and cannot be carried forward.
Tax and residency
The conditions of the 60-day rule are at least 60 days in Cyprus, no more than 183 days in another country, a Cyprus business, job or office, and a permanent home in Cyprus that you own or rent. Ending the business or job tie can remove eligibility.
Non-dom status relieves the Special Defence Contribution on specified income, while income tax applies under the normal rules.
Checklist
- For the digital nomad permit (non-EU/EEA citizens), prepare proof of at least €3,500 net income a month from a foreign employer or foreign clients; family members raise the amount, and the scheme caps the number of permits at 500.
- Keep travel-day evidence for the residence rule you rely on, whether 183 days or the 60-day rule.
- Before you arrive, get the account-opening document list from your chosen Cypriot bank.
- Keep a ledger of crypto disposals with cost, proceeds and fees for the 8% calculation and reporting deadlines.
Sources
- Frequently asked questions on the taxation of gains from crypto-asset transactions from 01/01/2026 — Cyprus Tax Department
- Tax Residency/Domicility — Cyprus Tax Department
- Digital nomads and family members — Cyprus Migration Department
- Tax incentives — Cyprus Ministry of Finance
- Crypto-assets - Finance — European Commission
Tax, visa and residence rules depend on your situation, so confirm them with the official authority. How we compare