The EU approved tonnage, tax and seafarer scheme of Cyprus offers immense advantages to the maritime industry.
In practice there is complete tax exemption of all profits and dividend withholdings of the shipping operations of shipowners, charterers and ship managers. The non-shipping income is subject to 12.5% income tax.
Our expert can provide you with tax planning and structuring for a number of objectives and activities.
Make an enquiry today and a member of our Tax department will contact you.