Move to Cyprus. Your US tax return comes too.

No. The US taxes citizens wherever they live, so you keep filing a US return on worldwide income for life. Only giving up citizenship ends it. A credit for Cyprus income tax stops most double tax, but Cyprus social contributions don't count towards it, and nothing offsets the 3.8% Net Investment Income Tax. Living abroad gives you until June 15 to file, but interest on unpaid tax runs from April 15.

No. It covers earned income such as salary and fees, up to $132,900 for 2026, and only if you spend 330 full days abroad in 12 months or live abroad for a full tax year. Dividends never qualify. And you can't exclude income and also claim a credit for the Cyprus tax on that same income.

No. Your Cyprus company is almost certainly a controlled foreign corporation, so its profit lands on your US return as it's earned, paid out or not. If you hold the shares in your own name, you get no credit for the Cyprus corporate tax, unless you elect to be taxed on that profit like a US company, which brings its own cost when the profit is paid out. Decide how to hold the shares before you incorporate.

Yes, if you work under your own name rather than through a company. The US has social security agreements with 30 countries, and Cyprus isn't one, so you can pay into both systems with nothing to offset either. Self-employment tax is 15.3% on net earnings of $400 or more, and the Foreign Earned Income Exclusion doesn't reduce it. Working through a company changes the answer, so ask your US adviser which set-up suits you.

Not on its own. State residency is a separate exit. California taxes residents on all their income and decides residency by your permanent home, not by where you sleep. Keep a California home and ties and you can stay a California resident while living in Limassol. Leaving California is the biggest real saving the move offers, but only once the ties are cut. Texas has no personal income tax to leave.

No. Under the 60-day rule you can be Cyprus tax resident with 60 days a year here, a home you rent or own, a business, job or directorship in Cyprus, and no more than 183 days in any other country. Directing your own Cyprus company can count. As an American you also need the Pink Slip, the residence permit for non-EU citizens, which we file with you.

File the FBAR once your foreign accounts pass $10,000 combined at any point in the year, including the company's account if you own the company or can sign on the account. Form 8938 applies abroad above $200,000 at year end, or $300,000 at any point, for a single filer, and double that for a couple. And be wary of European funds and ETFs, which US rules tax harshly as passive foreign investment companies.

That's a citizenship decision, not a tax plan, and it can't be undone. You pay an exit tax if your average yearly US income tax over five years tops $211,000, your net worth is $2 million or more, or you can't certify five years of clean filings. The US then treats you as selling everything the day before you give it up, with $910,000 of gain exempt for 2026. Talk to a US tax attorney first.

No. We build and run the Cyprus side. Your federal return, CFC filings and state position need a US CPA or tax attorney. We can recommend one if you need it.