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Cyprus Fact-File Part 7:
Business Owner Welfare and Lifestyle

7.4 Cyprus Individual Business Healthcare

The Cypriot health care system is of a good standard and is accessible to residents and non-residents and although it isn’t always entirely free, any charges imposed are relatively inexpensive.

Those who contribute to the social insurance fund are often entitled to free or subsidised health and dental care; medical cards are issued to people working in Cyprus, offering free healthcare to individuals and families with income below a certain level (Medical Card A), and partial subsidies for those with slightly higher incomes (Medical Card B). Higher earners are obliged to pay for their healthcare, but the prices are relatively low. Private health care too is relatively inexpensive.

As a member of the EU, Cyprus can provide free health care to citizens from other EU member states that have contributed to social insurance schemes in their own countries, although only for a limited period.

For non-residents and citizens of the EU on short visits to Cyprus, it is a requirement to possess a European Health Insurance Card (EHIC), issued by each member state to its own citizens.

Other forms of health card or E-form are required for other persons living or working in Cyprus from non-EU countries. New residents of Cyprus should apply for a Cyprus Medical Identity Card using form Min. Health (I.Y.87) – available from the Ministry of Health web site at www.moh.gov.cy.

 

Introductory Guides

Brief, clearly written summaries with links to relevant sections of the Fact-File. The Fact-File itself is linked in full below.

 

Fact-File

Part 1: Cyprus Business Formation for Individuals

  1. Cyprus Individual Business Structures
  2. Cyprus Individual Business Registration
  3. Cyprus Individual Business Registration Cost
  4. Cyprus Individual Business Licensing
  5. Cyprus Foreigners in Business
  6. Cyprus Business Organisations
  7. Cyprus Business Accounting
  8. Cyprus Family Business Ownership
  9. Cyprus Venture Capital
  10. Cyprus Individual Business Franchises

Part 2: Cyprus Individual Business Domestic Taxation

  1. Cyprus Individual Business Tax Residence Rules
  2. Cyprus Permanent Establishment
  3. Cyprus Individual Income Tax Rates and Bands
  4. Cyprus Personal Allowances and Business Deductions
  5. Cyprus Husband and Wife Partnerships
  6. Cyprus Partnership Income Taxation
  7. Cyprus Limited Companies Income Taxation
  8. Cyprus Business Profit Retention
  9. Cyprus Business Losses
  10. Cyprus Value Added Tax (VAT)
  11. Cyprus Individual Business Capital Gains Tax (CGT)
  12. Cyprus Individual Business Other Taxes
  13. Cyprus Individual Artists Royalties
  14. Cyprus Individual Business Tax-Efficient Profit Distribution

Part 3: Cyprus Individual Business International Taxation

  1. Cyprus Individual Business International Tax Liability
  2. Cyprus Individual Business Withholding Taxes
  3. Cyprus Double Tax Treaties

Part 4: Cyprus Individual Business Tax-Efficient Structures

  1. Cyprus Individual Business Trusts and Foundations
  2. Cyprus Individual Business for Non-Residents
  3. Cyprus Individual Business use of Offshore
  4. Cyprus Controlled Foreign Corporation (CFC) Rules
  5. Cyprus Personal Estate and Inheritance Planning

Part 5: Cyprus Small Business Incentive Programs

  1. Cyprus Small Business Support Schemes
  2. Cyprus Training Incentive Schemes
  3. Cyprus R&D Tax Credits
  4. Cyprus Individual Business Tax Holidays

Part 6: Cyprus Individual Business Employment Issues

  1. Cyprus Individual Business Employer Responsibilities
  2. Cyprus Employment vs Self-Employment Tax Issues
  3. Cyprus Apprenticeship and Work Experience Schemes
  4. Cyprus Employee Dismissal Rules
  5. Cyprus Business Owner Employment and Invoicing Rules

Part 7: Cyprus Business Owner Welfare and Lifestyle

  1. Cyprus Business Social Security
  2. Cyprus Business Domestic Pensions
  3. Cyprus Offshore and International Pensions
  4. Cyprus Individual Business Healthcare
  5. Cyprus Individual Business Banking Services
  6. Cyprus Education
  7. Cyprus Individual or Business Leaving Cyprus
  8. Cyprus Domestic Real Estate
  9. Cyprus International Real Estate