Construction & Engineering Companies

Cyprus is an ideal location for international construction and engineering companies due to the favourable tax treatment afforded to them and the existence of the Cyprus’ Double Tax Treaties. Foreign contractors or engineers may avoid paying tax in a treaty country provided the project does not exceed the duration specified in the respective tax treaty. Some of Cyprus’ Treaties, especially those with Russia, Central and Eastern Europe, are especially generous in this respect, providing for significant project durations before a permanent establishment obligation is born.