Cyprus, is developing into a key player in the maritime industry; through its structured administrative, legal and financial reporting framework, as well as its sound maritime infrastructure,favorable tax regime and beneficial tonnage tax system.
Many of the ship management companies operating on the island rank among the largest of their kind in the world and it is estimated that they manage over 20% of the world’s third party management fleet. Cyprus ranks 10th amongst the global merchant fleets and 3rd in the European Union.
©2020 KPMG Limited, a Cyprus limited liability company and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative ("KPMG International") a Swiss entity. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG International Cooperative ("KPMG International") or KPMG member firms.