Cyprus has a unique location in the Eastern Mediterranean, lying at the hub of three continents and close to the trade routes linking Western Europe with the Middle East, Africa and the Far East. The island’s ideal location has contributed to its development into a thriving international business and shipping centre.
Cyprus has an established shipping industry with well-founded infrastructure and services that enable the country to successfully meet the high demands of today’s globalised shipping industry. The tax legislation in Cyprus is a strong force propelling the rapid expansion of the shipping industry and has been doing so for the past half a century.
As a result, Cyprus is home to some of the world’s largest international ship management companies who have established their headquarters on the island and the country is now recognised as one of the most attractive shipping and ship management centres in the world.