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International Shipping
Cyprus: The Worlds number one ship management Country with the 4th largest shipping fleet.

Today the Cyprus fleet stands at just fewer than 30 million tones. The result of successful legislation has led to Cyprus becoming one of the Worlds most important shipping centers and recently was adopted as the strategically base for the International Ship managers Association (ISMA).

Why Cyprus?

  • Member of the United Nations, the Commonwealth and the Council of Europe.
  • A democratic country with a free market economy.
  • Strategically located at the crossroads of three continents.
  • Double tax treaties with numerous countries.
  • No tax on the profits of a Cypriot registered vessels.
  • No tax on dividends of a ship owning company.
  • No capital gains tax.
  • No stamp duty on ship mortgage deeds.
  • No income tax on the salaries of officers and crew.
  • Vessels accepted by the registrar of up to 17 years old and conditionally up to 23 years old.
  • Parallel registration is acceptable under certain conditions.

Copyright © 2003-2006 «Joseph Kokkinos & Co.»
22 Aiantos Street, Ayioi Omoloyitai 1082, P.O. Box 23336, 1681 Nicosia, Cyprus
Telephones: (00 357) 22 31-79-90 (6 lines)