The island of Cyprus has many advantages and it is for this reason that many countries have chosen us for their shipping developments.  Some advantages are:

• Cyprus is a Full Member of the European Union
  • Is a Democratic country with market economy
  • Has strategic location at the crossroads of three continents
  • Provides modern and efficient legal, accounting and banking services based on British practice
  • Has the freedom to direct foreign investment that allows up to 100% foreign participation in most sectors of the economy
  • In Cyprus you must exchange controls and there is free movement of foreign currency
  • Double tax treaties with 43 countries
  • Non-taxation on capital gains from sale or transfer of a ship registered in Cyprus Ships
  • Does not impose income tax on earnings of seafarers
  • Cyprus is party to numerous international maritime conventions
  • Has signed bilateral agreements with 29 countries through which Cypriot ships receive more favourable treatment in the ports of those countries
  • Cyprus Shipping offers full protection for financiers and mortgagees
  • Favourable tax regime of ships management
  • Low cost of setting up and operating companies
  • Excellent telecommunications and easy access by air and sea
  • Available qualified managerial, clerical and technical staff

Whether you’re an entrepreneur or enterprise, We will help you create efficiencies, centralize control, cut costs, and increase productivity. Explore the variety of our shipping services that can be tailored to your business needs.