|
|
Cyprus ' transformation into an international maritime business hotspot took a few mere decades, and today ranks in the top 10 nations with the largest merchant marine fleets. Cyprus ' strategic geographic location should also be greatly considered, as it is situated in the Southeast Mediterranean Sea, in between Turkey , Egypt , and the Holy Lands . Set aside the magnificent Island itself, and the wonders it has to offer for any visitor, the main incentive which draws shipping companies to the island is the special maritime taxation schemes
(Cyprus taxation). Rates include 0% for shipping companies, and 4.25% for maritime management companies. Ship owners are exempt from many duties, for example having tax exemption on income derived from any shipping activity between Cyprus and a foreign port. Also, ship owners and ship company managers can take advantage of not only Cyprus' constructive domestic shipping taxation laws, but also from the increasing amount of Double-Tax treaties, which means that companies are not burdened with double tax on the same income (in Cyprus and abroad). Setting up Shipping Company in Cyprus is a wise solution for those who want to combine favourable financial conditions, with a European Union prestige tag and protective legislation, right in the heart of the Mediterranean Sea
(Cyprus taxation).
GLOBAL EYE PROFESSIONAL ADVISORS LTD is the foremost name
for incorporation and management of international business
enterprises. With our international network of experienced
accountants, consultants, tax specialists, and other professionals
you can be assured the best the OFFSHORE WORLD has to offer along
with expert tax and legal advice!
click here to enter our web site |
 |
