CyprusProfile.com asked Capt. Norbert Aschmann, CEO of BSM, about the key advantages of investing in Cyprus.
"Bernhard Schulte Shipmanagement (BSM) was the first ship management company incorporated on the island as Hanseatic Shipping Co. in 1972. Cyprus was chosen due to its ideal geographical location as a ‘gateway’ to Europe and the Middle East. Foreign investors benefit tremendously from the availability of very educated local personnel as well as the high quality of life for expatriates. In addition, foreign companies benefit from the ease of doing business which is enhanced by the island’s well developed infrastructure. Another key factor is the strong support provided to investors by the government and local industrial associations such as the Cyprus Shipping Chamber. Cyprus is one of the key ship management clusters in the world and a global company like BSM benefits a lot by being part of this advanced and dynamic business community".