Cyprus Shipping Industry
Home to the 11th largest merchant fleet in the world and 3rd in the EU, Cyprus offers a business-friendly environment with competitive tonnage tax, quality flag administration, and a thriving ship management sector.
Explore the Cyprus Maritime Sector
From ship management to flag registration, discover what makes Cyprus a leading maritime center.
- €978M revenue in H1 2025
- 5,000+ shore-based employees
- World-class technical expertise
- EU & White List flag
- Efficient online registration
- Low port state detention rates
- Competitive rates
- Up to 30% green discount
- Extended until 2030
- Ship managers & owners
- P&I clubs & classification
- Maritime law & services
Why Cyprus for Shipping?
Strategic Location
At the crossroads of three continents, Cyprus offers excellent connectivity to Europe, Middle East, and Africa.
Competitive Taxation
EU-approved tonnage tax, 12.5% corporate tax rate, and extensive double tax treaty network.
Skilled Workforce
Highly educated, multilingual professionals with deep maritime expertise and English as a business language.
Quality Flag
EU member state flag on the Paris MOU White List with low detention rates and efficient administration.
Ready to Explore Further?
Browse our company directory, calculate your tonnage tax, or get in touch for personalized assistance.