The tonnage tax system is available to any owner who owns a qualifying ship in a qualifying shipping activity. The tonnage tax is calculated on the basis of the net tonnage of the qualifying ships. Qualifying Ship A qualifying ship is any seagoing vessel certified under applicable international or national rules and regulations and registered […]
No tax on profits from Sale of Units (Capital Gains) No tax on Dividends
No tax on profits from Operation of Ships No tax on profits from Sale of Ships (Capital Gains) No tax on profits from Sale of Shares in Shipowning Company No tax on Dividends No tax on Interest on Funds used for Shipping Activities
The Tonnage Tax system, which is currently in force in Cyprus, enables a fleet of vessels having its majority under the Cyprus flag, not only to enjoy the benefits of a prestigious and internationally acclaimed ship registry, but at the same time to take advantage of the extremely favourable taxation benefits. The “Tonnage Taxation […]
The contemporary restraint of conventional asset (ships) acquisition methods and decline of investments through shipping listed companies, has created an innovative environment for private equity investments. AIF arrangements are exquisitely suited to the shipping industry – as they provide a mechanism for sharing risk, by operating contributed assets as a cohesive fleet and collecting […]