Cyprus Shipping Industry

Home to the 11th largest merchant fleet worldwide and 3rd in the EU. A business-friendly environment with competitive tonnage tax and thriving ship management sector.

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11th

Largest Fleet

3rd

In EU

25M+

Gross Tonnage

1,100+

Vessels

Explore Maritime Sectors

From ship management to flag registration

Ship Management

50+ companies managing 3,500+ vessels. €978M revenue in H1 2025.

Flag Registration

EU member state flag on Paris MOU White List. Fast 5-7 day registration.

Tonnage Tax

EU-approved system based on net tonnage. Up to 30% green discount.

Company Directory

Browse 220+ shipping companies from managers to maritime lawyers.

Why Cyprus?

Key advantages for shipping companies

Strategic Location

Crossroads of Europe, Middle East, and Africa

Competitive Taxation

12.5% corporate tax, extensive treaty network

Skilled Workforce

Multilingual professionals, English as business language

Quality Flag

Paris MOU White List with low detention rates

Modern Infrastructure

World-class offices and telecommunications

Industry Cluster

P&I clubs, class societies, law firms nearby

Ready to explore?

Browse our company directory, calculate your tonnage tax, or get in touch for personalized assistance.

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