Cyprus is a modern, efficient and integrated shipping cluster ranked amongst the leading in the world. As a third-party ship management centre, it is the largest in Europe and amongst the top 3 worldwide. More than 20% of the world’s third-party management fleet is managed by companies based in Cyprus.
Among the advantages of registering a yacht in Cyprus is the tax on profits from the operation or management of a yacht registered in Cyprus or on dividends received from a yacht owner company, as well as no income tax on profits from a Cypriot yacht-owning company (including yacht charter). Add to this the complete protection of financiers and mortgages as well as the low registration cost. Yacht registration Cyprus is truly a paradise for boat owners!