Member of the United Nations, the Commonwealth and the Council of Europe.

Democratic country with a free market economy.

Strategic location at the crossroads of three continents.

Modern and efficient legal, accounting and banking services based on English practices.

Treaties for the Avoidance of Double Taxation with 26 countries.

No tax on profits from the operation of a Cypriot registered vessel
or on dividends received from a shipowning company.

No capital gains tax on the sale or transfer of a Cypriot registered vessel
or the shares of a shipowning company.

No estate duty on the inheritance of shares in a shipowning company.

No income tax on the emoluments of officers and crew.

No stamp duty on ship mortgage deeds or other security documents.

Signatory to numerous maritime conventions.

Party to an extensive network of bilateral maritime agreements.

Competitive ship registration costs and annual tonnage taxes.

Full protection for financiers and mortgagees.

Favourable tax regime for shipmanagement and other offshore enterprises.

Low set-up and operating costs.

Excellent telecommunications and easy access by air and sea.

Availability of highly qualified managerial, clerical and technical staff.