EU extends Cyprus’ tonnage tax system

(http://www.MaritimeCyprus.com) Cyprus is an international maritime center, boasting strength, breadth and experience, attracting quality tonnage and increasing numbers of first-rate shipping companies from around the world. The EU Commission, has approved the prolongation of Cyprus’ tonnage tax scheme, which applies to ship ownership, ship management and ship chartering activities. Cyprus was the first ever open…

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Legal view: Ship finance in Cyprus

(http://www.MaritimeCyprus.com) Cyprus has many advantages to offer as a maritime center. Besides being a member of the IMO, the Council of Europe, the Commonwealth and many other international organizations, it has a well established maritime infrastructure and offers substantial tax incentives for the shipping industry. It is a signatory to many international maritime conventions and…

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