Cyprus has one of the most favourable maritime tax regimes in the world — a tonnage tax system, 0% tax on shipping profits, and an internationally recognised ship register. A complete guide for shipowners and ship managers.
Cyprus is home to more ship management companies than almost any other country. What ship management involves, why Cyprus is the dominant hub, the tax treatment of management fees, and how to establish a Cyprus ship management operation.
A detailed explanation of the Cyprus Tonnage Tax System — how tonnage is calculated, the election process, qualifying vessels and companies, the 10-year commitment, and the interaction with Cyprus corporate tax.