Cyprus is located at the cross roads of Europe, Africa and the Middle East, it is a great place to do business and especially business related to the shipping industry.
Cyprus is an internationally renowned shipping centre. The island’s merchant fleet has been growing steadily, reaching a top 3 position in Europe and a top 10 global ranking. The unique geographical position at the juncture of three continents, the advanced infrastructure and services, as well as the very attractive taxation and other advantages makes Cyprus an ideal location for ship owning, ship management and ancillary shipping-related companies.
In recent developments natural gas finds in the East Mediterranean have impacted the whole region. Cyprus has emerged as an important player with significant gas resource deposits positioned in the centre of lucrative trading routes. Cyprus is set to be redefined as an energy hub bringing benefits to all areas of the economy and especially shipping.