Rising Demand for Private Staff in Cyprus as Family Offices Relocate

We have seen a clear increase in requests for private staff supporting family offices and private residences based in Cyprus. Five years ago, this was a location from which we very rarely received enquiries. Today, Cyprus is emerging as a key destination for UHNW families establishing both residential bases and investment structures.

This shift reflects a broader trend among UHNWs who are relocating or expanding their family offices to Cyprus. The island has become increasingly attractive due to its favourable tax regime, EU membership, and comparatively low operating costs when measured against traditional wealth centres such as London or Geneva.

Cyprus offers a corporate tax rate of 12.5%, one of the lowest in the European Union, alongside a widely used non-dom tax regime that can significantly reduce taxation on foreign income. Combined with a strong network of double-tax treaties and a legal framework based on UK common law, the jurisdiction provides a stable and familiar environment for international families managing complex global investments.

The types of families moving to Cyprus are varied. Historically, the island has been a hub for wealth from Russia and the wider CIS region, although the profile of new arrivals has broadened in recent years. We are increasingly seeing Israeli tech founders, Middle Eastern business families, and European entrepreneurs choosing Cyprus as a base for investment structures or secondary residences. Some British founders have also looked to establish EU-based wealth structures following Brexit. We are also seeing a growing number of founders and investors from the crypto and fintech sectors establishing a presence on the island, attracted by its tax efficiency, EU access, and proximity to other global financial hubs.

Geography also plays a role. Located between Europe and the Middle East, Cyprus provides convenient access to regional business centres such as Dubai while maintaining full access to the European market. As a result, many families now use Cyprus as part of a broader multi-jurisdictional wealth strategy. Investment structures may be based on the island, while business operations and advisory teams remain in global financial hubs such as Singapore or London.

For the private staffing market, this development is beginning to translate into greater demand for experienced professionals. Family offices and private households relocating to the island are seeking a range of roles, including Private PA’s, Executive Assistant & Estate Managers.

While Cyprus remains a smaller market than traditional wealth hubs, the growth in enquiries suggests it is quickly establishing itself as an emerging centre for private wealth; and with it, new opportunities for private staff.

Over the past year, Tiger Private has successfully placed a number of professionals who support clients based in Cyprus. Our consultants would be delighted to connect you with exceptional staff. Contact us now.

Author Lydia Charlesworth Tiger Recruitment Team