Mr Alecos Michaelides Permanent Secretary Ministry of Transport Communications and Works Cyprus Shipping New Challenges and Prospects ID: 612775
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Cyprus Shipping: New Challenges and Prospects Mr Alecos Michaelides Permanent Secretary Ministry of Transport, Communications and WorksSlide2
Cyprus Shipping: New Challenges and Prospects
Contribution of Shipping to the economy of Cyprus: 7% of GDP (direct and indirect contribution).
4,500 employed ashore in the shipping industry.Slide3
Cyprus Shipping: New Challenges and Prospects
Cyprus Registry of Ships: 10
th in the world.
3rd in the European Union.
1,000 ocean going ships.
Approximately 23 million gross tonnage.
Cyprus:
A leading international shipping centre.Slide4
Cyprus Shipping: New Challenges and ProspectsSlide5
Cyprus Shipping: New Challenges and Prospects
Fiscal and Economic incentives:
Competitive ship registration costs and fees.
Competitive annual tonnage taxes.
56
double tax avoidance treaties
.
23 bilateral agreements on merchant shipping.
Comprehensive Tonnage Tax System.Slide6
Cyprus Shipping: New Challenges and Prospects
Cyprus Tonnage Tax System:
Approved by the European Commission as compatible with the Guidelines on State Aid to Maritime Transport
. Stable fiscal environment for shipping entrepreneurs.
Applicable to:
Owners of Cyprus ships,
Owners of foreign ships,
Charterers,
Ship managers.Slide7
Cyprus Shipping: New Challenges and ProspectsSlide8
Cyprus Shipping: New Challenges and Prospects
Active participation in the shipping fora:
International Maritime Organization.
International Labour
Organisation
.
European Council.
European Commission
.Slide9
Cyprus Shipping: New Challenges and Prospects
Cyprus flag: Quality flag
. Effective implementation of all internationally applicable standards to shipping.
“White List” of Paris and Tokyo
MoUs
on Port State Control. Slide10
Cyprus Shipping: New Challenges and Prospects
New Cyprus Shipping Strategy: New branding and promotional campaigns
. Re-
organisation of Maritime Administration in order to:
improve quality of services,
improve responsiveness.
Simplified procedures.
e-services:
registration of seafarers,
recognition of Certificates of Competency.Slide11
Cyprus Shipping: New Challenges and Prospects
Cyprus:“the ideal choice for every successful shipping entrepreneur”.
Thank you for your attention.