We provide experienced legal counsel in admiralty and shipping. Our team is able to understand a wide scope of transactional work relating to the shipping and the maritime industry and, more importantly, their interrelation with regulatory, corporate, financial, tax, legal and business issues.
As a member of the European Union, Cyprus has a unique strategic location at the crossroads of three continents and has been internationally established as an attractive shipping centre. Shipping companies can find in Cyprus a very supporting environment to thrive; here they also enjoy a number of privileges, from low set up and operating costs to special taxation provisions. Cyprus is a signatory to numerous international maritime conventions, it has double tax treaties with 45 countries and bilateral agreements of cooperation in merchant shipping with more than 20 countries.
Ship-owners, charterers and ship managers participating in the Cyprus tonnage tax system are exempted from income tax and any other tax or levy on dividends paid to shareholders, on interest earned on working capital and on any profit made from the sale of a qualifying ship.
With high quality services and high standards of safety in such a strategic area, Cyprus is among the top five countries and territories in the world with the largest number of third party ship-management companies in its territory. The Cyprus Ship Registry is highly ranked among international fleets and is continuously upgrading its services offering outstanding support to international shipping.
We provide comprehensive advice on a wide range of legal services in the shipping industry and the particulars of Cyprus maritime law. Our services involve the provision of legal advice and representation on agreements, litigation and arbitration proceedings concerning shipbuilding, sale and finance of ships, formation and maintenance of shipping companies and ship registration in Cyprus, as well as related matters such as charter-parties and insurance.