SHIPPING AND AVIATION INDUSTRY
A Genuine maritime nation, Cyprus has evolved to a major international shipping center, with a ship registry ranking 10th amongst international fleets, by utilizing its strategic geographical location, its excellent support infrastructure and the harmonization of the Cyprus tonnage tax system for merchant shipping with the acquis communitaire of the European Union.
Aviation is a vibrant industry which plays a vital role in the local economy and supports the business, trade and tourism activities by the establishment of links between countries. The aviation sector in Cyprus is an area of continuous growth with great potential of development in the next years.
Our dedicated team of professionals, who are solely dealing with shipping and aviation matters, is ready to assist you with the following:
Tax structuring and assistance with the set-up of a ship owning, charterer and management companies
Ship registration under the Cyprus flag
Compliance services related to ship owners, ship charterers and ship manager companies taxed under the EU harmonized Tonnage Tax Law 44(I) of 2010
Structuring and assistance with the set-up of Private Maritime Security Services companies
Tax structuring and undertaking of the set-up of Aircraft owning, leasing and operating companies
Consulting services in connection with designing strategic plans for aviation companies in areas such as corporate strategy and business model selection as well as execution of feasibility studies and all relevant studies necessary for the procurement of an aviation operating license.