At first it was Cyprus and now it’s Dubai that is attempting to attract Greek shipowners, who are contemplating shifting their bases to new shores following the country’s new bailout agreement and the new taxes that Athens has promised to introduce with it.
The emirate has already started promoting the tax and institutional advantages that it offers the sector to Greek shipping companies.
Last week a seminar took place in Athens with the participation of shipping law firms both from Greece and the Middle East. The aim was to highlight the advantages that Dubai offers companies through special maritime zones in the emirate.
Notably, in the last couple of months Greek shippers have increased their contacts with Cypriot shipping authorities to see whether setting up subsidiaries on the island would be beneficial.