Cyprus

Corporate - Corporate residence

Last reviewed - 05 February 2020

Only companies managed and controlled in Cyprus are treated as tax residents of Cyprus.

Permanent establishment (PE)

Cyprus domestic income tax legislation explicitly provides for the determination of a taxable Cyprus PE of a non-Cyprus tax resident company. These specific legislative provisions are broadly in line with the relevant article of the 2014 OECD model DTT, with the addition of offshore activities relating to the exploration, extraction, or exploitation of the seabed, subsoil, and natural resources, as well as the installation and exploitation of pipelines and other installations on the seabed.