(www.MaritimeCyprus.com) Cyprus is an international maritime centre, boasting strength, breadth and experience, attracting quality tonnage and increasing numbers of first-rate shipping companies from around the world.
The maritime industry is one of Cyprus’ most successful export services, and with over 200 shipping companies, the island is considered one of the top global hubs for ship owning and shipmanagement services. The country’s maritime capital, Limassol, is home to some of the world’s most influential names in shipping. Today, Cyprus is the largest third-party shipmanagement centre in Europe and the largest crew management centre in the world, while the island’s international ship register is the third largest in Europe and one of the largest in the world.
Some key points of the Cyprus international ship registry and Maritime cluster:
- Comprehensive and simplified Tonnage Tax system, approved by the EU, available to ship owners, ship managers and charterers, that provides full exemption from corporate taxation of:
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