First Triton Shipping Fund AIFLNP V.C.I.C. Limited (the ‘Fund’), is an Umbrella Alternative Investment Fund, incorporated in Cyprus under the Cyprus Securities & Exchange Commission. The Fund offers the opportunity to invest in the Maritime sector and specifically merchant vessels alongside a highly experienced team combining strong shipping and financial knowledge.
Fund sponsors include Columbia Shipmanagement one of the largest ship management companies in the world and several other shipping related firms and financial professionals, ensuring a strong and attractive deal flow through their extensive network.
The Fund’s umbrella structure allows the creation of several sub-funds with different focus and scale. Two sub-funds are already set up with the first Sub-Fund ‘First Triton Sub-Fund I’ focused on the oil tankers sector and the second Sub-Fund ‘First Triton Sub-Fund II’ having a more opportunistic investment strategy capitalising on market opportunities across various types of sea-going vessels.
The Fund benefits from Cyprus beneficial tax structure for funds which calls for zero capital gains tax and tonnage tax for Maritime activities. Non-resident investors receive dividends with zero withholding tax. The Fund is also approved for the Cyprus Citizenship Scheme which allows investors to earn a Cyprus citizenship subject to satisfying certain criteria (please seek legal advice for the exact criteria required).