It is no accident that Cyprus is a well-known and respected ship management centre. Taxand Cyprus explores the reasons for Cyprus’ success.
Part of this is the numerous competitive advantages and opportunities of the Cypriot Merchant Shipping Legislation, and especially the even more advantageous tax regime. These coupled with a strategic geographic location have been instrumental in the remarkable growth of the Cyprus Shipping Registry.
Discover more: Ship management companies in Cyprus: an option worth considering
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Any foreign ship management company can take advantage of the Cypriot shipping regime by migrating to Cyprus. The procedure is very straightforward and this can be achieved by either establishing a new company or by transferring its seat to Cyprus.
