(<Also refer to: http://www.shipping.gov.cy/> The very important web-site of The Republic of Cyprus’s Department of Merchant Shipping)
The Cyprus’ strategic position at the crossroads of Africa, Asia and Europe, north of the Suez Canal, has been an important factor in the development of the island as a maritime centre in the region.
Cyprus Registered Companies, owning and operating ships under the Cyprus Flag, enjoy complete exemption from income tax on income derived from operating such ships in international waters.
In addition, no income tax is payable on the salaries of the captain, officers and crew of a Cyprus ship in respect of emoluments earned for services rendered to such shipping companies.
For more detailed information about the Uses of Cypriot Companies by Corporations, please either scroll up or down this page (quicker) or click below to go to the relevant section:
Int'l Trading, Commission Agent & Service Companies | Investments | Holding Companies | Group Finance Companies | Royalty, Patent & Trademark Companies | Construction & Engineering | Internet & E-Commerce | Leasing | Printing & Publishing | Real Estate | Headquarter Companies | Administration & Treasury Management | Employment Companies | Executive Recruitment & Employment | Int'l Banking Units | Captive & General Insurance | Financial Services | Shipping & Ship Management
For more detailed information about the Uses of Cypriot Companies, please either use the main menu on the left or click below to go to the relevant section (quicker):
Uses by Corporations | Uses by Individuals | Non - Tax Uses