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ARTICLE · 10 MAY 1999

Cyprus As a Base for Shipping Operations

Department of Merchant Shipping
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CyprusLitigation, Mediation & Arbitration
Cyprus has proved to be an ideal center for the establishment of enterprises by foreign shipowners and other professionals engaged in shipping activities and related services worldwide.

The islands´ strategic location which is at the crossroads of three continents - Europe, Asia and Africa - has enabled Cyprus to play a prominent role in its success as an international business center, including shipping related activities. As well as the geographical position of the island, several other factors have contributed to its attractiveness. In particular, Cyprus combines an English-based legal system, an efficient civil service, good labour relations and an outstandingly high level of professionalism in the legal and accounting sectors.

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