Sustainable Bond Framework
•
Cyprus is a regional Business and Financial Services
Centre with strong regulation and supervision and a reliance
on a well balanced portfolio of services.
Significant international business and shipping center
Investment Firms and Fund Management
700
AUM¹ (in EUR bn)
600
+114%
2016
2.69
500
333
400
310
2021
11.55
300
53
9m2022
9.88
200
100
205
243
255
0
4.
2021 Vs 2016
+329%
2015
2021
9m2022
Fund Management Companies
6
Cyprus Investment Firms
AUM: Assets Under Management
•
It maintains a modern, consistent and simple tax system with a
broad tax base, limited exceptions or credits, and low tax rates
and a significant network of Agreements for Avoidance of
Double Taxation (67 as of today). Cyprus is a Common Law
country and has a well-developed professional services
industry with more than 20 years presence in the international
financial markets and over 500 organisations supporting
international business.
It has been developed to provide not only classic
shipping services but also ship management due to
its strong geographical, institutional and commercial
advantages. One of the top ship management centers
worldwide, having 60 ship management companies in
operation, including some of the most popular shipping
companies.
Cyprus's ship management revenue
increased
further representing 4.6% of GDP during the second half
of 2022 compared to 4.2% of GDP the corresponding
period the year before recording a gradual recovery from
the outbreak of the COVID-19 pandemic.
Leading flags of registration by dead-weight tonnage
Panama
Liberia
Marshall Islands
Hong Kong (China)
350
335
290
208
Singapore
131
China
115
Malta
115
Bahamas
73
Greece
62
Japan
40
Cyprus
33
Source: Cyprus Securities and Exchange Commission, UNCTAD
Deadweight tonnage in 2022 (millions)
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