Cyprus Yacht Scheme

For the past 50 years Cyprus has developed into a formidable maritime centre renowned for its high quality shipping services. As of the end of 2012, Cyprus had the 10th -largest fleet in the world.

Local legislators introduced a new pleasure yachts leasing scheme in March 2012, providing a simplified way to identify the VAT and tax treatment for Cyprus companies that act as yacht lessors. Since then, Cyprus has become an attractive jurisdiction to register yachts in Europe as the scheme provides significant tax benefits when compared to similar EU Member states.

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