Its strategic location at the crossroads of Europe, Asia, and Africa ensures direct access to major markets, supported by a favourable time zone for seamless global operations. This is complemented by a competitive tonnage tax regime, offering predictability and stability for companies planning long-term investments.

Beyond fiscal advantages, Cyprus has built a strong maritime ecosystem with more than 250 companies covering the full spectrum of shipping activities, supported by a government committed to maintaining a business-friendly environment. Initiatives such as the One-Stop Shipping Centre streamline processes and ensure efficient, high-quality services, and a revised set of green incentives that reward shipowners who achieve tangible reductions in greenhouse gas emissions – these include a reduction of up to 30% on annual tonnage tax. 

The sector’s resilience and consistent growth further underline its investment appeal. Between 2023 and 2025, the Cyprus Ship Registry expanded by almost 20% in gross tonnage, while registrations under the Cyprus Tonnage Tax System rose by 15%. Revenue from shipmanagement alone reached €918 million in the second half of 2024, representing 5.3% of Cyprus’ GDP and marking a 27% year-on-year increase.

At the same time, Cyprus is investing decisively in innovation, sustainability, and digital transformation. Combined with its strong international standing, including continuous election to the IMO Council since 1987, contributing over 7% to the country’s GDP and generating thousands of high-level jobs, Cyprus shipping offers a stable, forward-looking, and supportive framework for investors seeking both financial returns and alignment with the global green and digital transition.