'China Desk' Established in Cyprus

Press Release
Wednesday, March 28, 2012

European commercial base set up in Cyprus to facilitate Asian trade

Meridian Trust Corporate & Fiduciary Services in Cyprus has formed a China Desk to facilitate Asian businesses to establish a European commercial base, as well as aiding international companies that intend to expand to the China market.

Meridian Trust is one of the leading corporate and fiduciary service providers in Cyprus, with over a decade of experience in its field and a large portfolio of international clients. It is a registered member of the Cyprus-China Business Association, an organisation that aims to encourage economic relations between the two territories, and to promote Cyprus as a reputable international financial services centre for Chinese businesses.

Company director M. Saveriadou wants to accommodate the rising demand of Chinese firms wishing to establish a European commercial base. This is very optimistic for the corporate sector in Cyprus, as bilateral agreements with China encourage Asian businesses to utilize the island’s unique location and services as an ideal gateway for international trade and development.

Cyprus is an opportune centre for countries like China. As well as the benefit of the low VAT rate of just 17%, the island also possesses Europe's lowest corporate tax rate at only 10% on net profits. Furthermore, investors receive their dividends tax free.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sea Star Line: Equipment Replacement Plan on Track

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’

October Imports up 9% at Port of Oakland

Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months.

Atteridge Retires from Furuno USA

After 30 years of service to Furuno USA, Inc., Jim Atteridge is retiring as President and assuming a new role, as Director and Corporate Advisor. Effective December 1,

Finance

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

Belgian Strike to Impact Antwerp Port

A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger over

Marine Equipment

Sea Star Line: Equipment Replacement Plan on Track

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’

Deepwater Semi-Sub COSL Prospector Delivered

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province.

Trelleborg Invests in High-Speed Fender Test Rig

Trelleborg’s marine operation is in the process of building and installing a custom-made high-speed test rig, capable of testing both rubber and foam fenders.   The

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1137 sec (9 req/sec)