How to send money to Cyprus in 2026: euros to a Cypriot card and account in seconds or 1-3 business days
In 2026 euros reach a Cypriot account or card in seconds from the EU and in 1-3 business days from other countries, and the island has no gift or inheritance taxes. A non-resident with a link to the island opens an account in a few weeks, and a non-EU home buyer gets a district permit in 2-3 weeks.
In short
- A transfer to your own account or a Cypriot card: from the EU in seconds, from other countries in 1-3 business days.
- A non-resident gets an account when there is a link to the island; the check takes several weeks.
- Cyprus has no gift or inheritance taxes.
- A citizen of a non-EU country buys a home with a district administration permit in 2-3 weeks.
In detail
The simplest way to send money to Cyprus in 2026 is to your own account or card at a Cypriot bank: euros from EU countries arrive in seconds, from other countries in 1-3 business days. The main step is the account itself: a non-resident gets one when there is a clear link to the island, and the check takes several weeks. On the plus side, Cyprus has no taxes on gifts and inheritance, and transferring your own money is not taxed.
| Method | In 2026 | Received in | Amount limit | Timing | What you need |
|---|---|---|---|---|---|
| Bank transfer in euros from an EU country | works | euros | not limited by law | seconds by instant transfer | the 28-character account number and the name as the bank holds it |
| Bank transfer from a non-EU country | works | euros or dollars | not limited by law | 1-3 business days | the payment purpose; for a large sum, a document on the origin |
| Transfer to a Cypriot bank card | works | euros | card limits | same as a bank transfer | the card number and the name |
| Money transfer service without an account | partly, depending on the sending country | euros | set by the service | from minutes to a day | the recipient's passport |
| Paying the seller for a home | works | euros | the deal amount | on the contract schedule | the district administration permit and a document on the origin of the money |
The table rows were checked on 8 October 2026. Dollars are at the European Central Bank rate for 7 October, 1.1177 dollars per euro, rounded up.
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A transfer to a non-resident in Cyprus: a link to the island and the bank's check
A Cypriot bank opens an account for a non-resident when it sees a link to the island: renting or buying a home, a job at a Cypriot company, a move; the law does not require a residence permit.
- Meeting. An in-person meeting at a branch is needed, and some banks verify identity by video.
- Documents: passport, proof of address no older than three months, a lease, a home purchase contract or an employment contract, the tax number of your country of residence and a document on where the money comes from.
- Timing. With a full set, several weeks. While the client check is under way, the bank does not process operations on the account.
The answers in the form about income and turnover must match the documents - this is where applications most often stumble. If the link to the island is still only planned, a specialist will tell you how to start the transfer.
A transfer to a Cypriot card and in euros
Money reaches a Cypriot bank card like an ordinary bank transfer - by account or card number, in euros.
An account in Cyprus is opened in euros, often in dollars at the same time. From a non-EU country the payment goes through correspondent banks: each may take its own fee, so in the transfer order the charges are put on the sender, and the currency chosen is the one the account is held in. A Cypriot account number has 28 characters: two country letters, two check digits, the bank and branch code and the account number.
Taxes in Cyprus: tax-free gifts and the 60-day rule
Cyprus has no gift or inheritance taxes, and income taxes arise only for a tax resident.
| Income or incoming money | Tax in 2026 |
|---|---|
| Your own money, gifts and inheritance | not taxed |
| A resident's salary, pension and rent | 0-35%, the first $25,000 (€22,000) a year tax-free |
| Interest and dividends of a resident without Cypriot domicile | no special defence contribution for 17 years |
| A non-resident's income from abroad | not taxed |
You become a tax resident by spending more than 183 days in Cyprus in a year, or under the 60-day rule: 60 days on the island, no more than 183 days in another country and no residence there, work or a business in Cyprus and a home on the island. More on the taxes in Cyprus page.
Which papers a Cypriot bank will ask for at different amounts
The law does not limit the amount of a transfer to Cyprus, but the larger the payment, the more closely the bank looks at the origin of the money.
Data for 2026.
| Amount | The bank's question | Document |
|---|---|---|
| Up to $10,000 | the purpose and the sender | the payment purpose |
| $10,000-$120,000 | where the money comes from and why it is going to Cyprus | statements, an income certificate, a lease or employment contract |
| From $120,000 (€100,000) | the origin of the whole sum and the purpose | a contract for the sale of property, a tax return, a home purchase contract |
Deposits are protected by the guarantee scheme up to $120,000 (€100,000) per depositor at each bank, so large sums are kept at several banks. If the direct route from your bank does not fit, there are working legal options for different cases, and a manager will check them for your case. We cover moving capital as a whole on the capital relocation page, and the documents in proof of source of funds.
Buying a home in Cyprus and permanent residence through property
A citizen of a non-EU country buys property in Cyprus with a permit from the district administration: an application on the prescribed form, no fee, a review of 2-3 weeks.
- Permanent residence. A permanent residence permit is granted for a new home from $340,000 (€300,000) plus value added tax and proven income from $56,000 (€50,000) a year - see Cyprus permanent residence by investment and Cyprus permanent residence through property.
- Payment goes from a Cypriot account in one payment with the contract as the purpose, and value added tax is on top of the price.
Prices by city and the steps of the deal are in buying a flat in Cyprus. If the money for the flat is in another country, we will suggest the best way to send it by the deal date.
Taking money out of Cyprus: where it goes next
Cyprus has no currency control: money leaves the account by an ordinary bank transfer to any country.
To euro countries the money goes by instant transfer, and a statement from the Cypriot account helps explain its origin to the bank in the next country. Large sums are sent with the contract and a statement, just like incoming ones.
Sending money to neighbouring countries
- Greece - a tax number by video call
- Israel - shekels and the bank's check
- Turkey - the tax number first
- UAE - dollars with no exchange-rate risk
- Malta - EU banks an hour's flight away
- Lebanon - an account in new dollars
All legal routes for moving capital are on the capital relocation page.
FAQ
Can I send money to a Cypriot card from another country?
Will a Cypriot bank open an account for a non-resident?
Are gifts and inheritance taxed in Cyprus?
Do I need a permit to buy a flat in Cyprus?
What income do I need for Cyprus permanent residence through property?
Who becomes a Cypriot tax resident after 60 days?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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