Cyprus is a prosperous world-class international maritime cluster that offers efficient and high-quality services in a wide spectrum of activities.The strategic location of the island offers attractive legislative and operational shipping infrastructure, spectacular yacht marinas, solid and efficient tax framework, and excellent communications network. Cyprus has successfully built a diversified and strong maritime industry, which offers a unique set of competitive advantages. Cyprus is one of the most reliable and competitive shipping centers in the world in terms of services, registration fees, and taxes.
One of the largest maritime clusters worldwide
EU-approved Tonnage Tax Scheme
EU "Open Registry" regime
3rd largest merchant fleet in the EU and among the largest merchant fleets worldwide
Advanced maritime infrastructure