Eberhard Koch wista med conference presentation 2012
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Eberhard Koch wista med conference presentation 2012

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Presentation: "A Shipowner's Point of View"

Presentation: "A Shipowner's Point of View"

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Eberhard Koch wista med conference presentation 2012 Eberhard Koch wista med conference presentation 2012 Presentation Transcript

  • Steaming ahead from CyprusWISTA Med Conference “WHY CYPRUS?”a Shipowners point of view 23 June 2012 Le Meridien Hotel & Spa, Limassol
  • “WHY CYPRUS?”from a Shipowners point of view
  • “WHY CYPRUS?” from a Shipowners point of view23 June 2012 Le Meridien Hotel & Spa, Limassol
  • “WHY CYPRUS?” from a Shipowners point of view The clearest bathing waters in Europe ! • Loving the sea ! • Enjoying the warm sunny climate • Enviable unique quality of Mediterranean lifestyle and being a European Union Member State • Strategically located • Safety - the highest in Europe!23 June 2012 Le Meridien Hotel & Spa, Limassol
  • “WHY CYPRUS?” from a Shipowners point of view• Surrounded by friendlypeople “Filoxenia” (Hospitable)• Low cost of living• Excellent medical facilities • Common LanguageDespina Sonia Martina Jane Victoria23 June 2012 Le Meridien Hotel & Spa, Limassol
  • “WHY CYPRUS?” from a Shipowners point of view Telecommunications Air & Sea Accessibility No exchange control and freedom of Important for families: movement of Education foreign currency Personal Income Tax The Benefits: High-income New Resident Individuals23 June 2012 Le Meridien Hotel & Spa, Limassol
  • “WHY CYPRUS?” from a Shipowners point of view A mere 14 private reasons “WHY CYPRUS?” Home is where the Heart is & my heart is in Limassol !!23 June 2012 Le Meridien Hotel & Spa, Limassol
  • “WHY CYPRUS?” from a Shipowners point of view • European Union Member State • Low set up and operating costs for shipping companies • Availability of highly qualified managerial, technical and administrative staff • Cyprus Flag of Excellence • International Maritime Centre23 June 2012 Le Meridien Hotel & Spa, Limassol
  • “WHY CYPRUS?” from a Shipowners point of view• Lowest Corporation Tax in the EU• Special Taxation for Shipping companies
  • “WHY CYPRUS?” from a Shipowners point of viewHighlights of the new Tonnage Tax Scheme (TTS):• Based on an annual Tonnage Tax as opposed to ordinary Corporation Tax. The tax is charged on tonnage of the vessels• Owners of Cyprus flagged vessels are automatically taxed based on their tonnage• Shipowners, Charterers and Shipmanagers participating in the TTS are also exempt from Income Tax or any other tax or levy on dividends paid to Shareholders, interest earned on working capital and on any profit made from the sale of a qualified ship. Qualified ships are employed in international maritime transport. 23 June 2012 Le Meridien Hotel & Spa, Limassol
  • “WHY CYPRUS?”from a Shipowners point of view • Local Banks • Cyprus, Where? • Turkish Ban on Cyprus ships • Anti Piracy Bill • Modern and efficient legal, accounting and banking services • Liberal Direct Foreign Investment Regime
  • THANK YOU !23 June 2012Le Meridien Hotel & Spa, Limassol