This year promises to be one of major change at the Deputy Ministry of Shipping, as major restructuring is underway to make the government’s maritime arm more efficient, while tax incentives are about to come into effect, making the Cyprus flag more attractive, the Financial Mirror reported.
Deputy Shipping Minister Natasa Pilides, briefing journalists upon completing two years at the helm of the new junior ministry, said the aim is twofold, to promote Cyprus as a registry and also as a maritime cluster.
“We have received feedback from shipowners and ship managers during our many road trips to Europe and Asia, and we are considering appointing a ‘maritime ambassador’ probably in Hong Kong,” Pilides said.
She said that maintaining the competitiveness of the Cyprus flag is of primary importance, especially after the approval by the European Commission of the Cyprus tonnage tax system for a further 10 years, up to 2030.
Continue reading at source: Cyprus Mail
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