Profits or Dividends payable by a shipping company registered in Cyprus, which owns ships flying the Cyprus flag and operates in International waters, are exempt from Cyprus Taxation.

The salaries of the officers and the staff of a ship which is registered in Cyprus, fly the Cyprus flag, and operates in international waters are exempt from tax.

Defence Fund Special Contribution

Dividends derived directly or indirectly from profits generated from the exploitation of a ship under the Cypriot flag, or from the rendering of ship management services, are not subject to special contribution to the defence fund.

Follow the links below to go to the relevant section:

Contact one of our officers to initiate the incorporation of a Cyprus registered company and start reaping the full benefits of an onshore, low-tax, EU jurisdiction. Simply fill in the contact box below or contact us by email on

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