Greeks bearing their ships
to a less troubled flagger;
The director general of the Cypriot Shipping Chamber, Thomas Kazakos,
said that a small number of Greek shippers have contacted Cypriot
authorities for information on the procedures required and the tax
system on the island.
Taxes matter!
Besides the current uncertainty in Greece, it is reported that some
shippers are even considering emigrating to Cyprus given the proposal by
the country’s creditors for an increase in the rates that shipping
companies are taxed in Greece.
Come on over, the waters been tested and is fine;
Already 40 percent of the ships bearing the Cypriot flag are
Greek-owned, while a number of German companies have also chosen to
enter the Cypriot register since the 1980s. Cyprus controls 4 percent of
the global fleet, while Greeks control 16 percent.
It's always better to be in-the-black Aegean.
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