At Connor Legal, our Cyprus Maritime & Admiralty services give detailed legal guidance for shoppers running in the shipping and delivery business, from vessel house owners and operators to charterers, insurers, and financial institutions.
If you are thinking about organising a business in Cyprus, this best guidebook will provide you with all the information you'll want to navigate the method smoothly and efficiently.
What is the cap on the sulphur written content of gas oil employed in the domestic territorial Cyprus dispute resolution waters? How do the authorities implement the regulatory specifications regarding low-sulphur gas? What sanctions can be found for non-compliance?
We enable purchasers navigate the complexities of maritime contracts, including contracts of affreightment, shipbuilding agreements, ship sale and buy contracts, and a lot more. Our crew makes sure that your contractual relationships are secure and compliant with related rules and rules.
When does title inside the ship pass within the shipbuilder to the shipowner? Can the get-togethers concur to vary when title will go?
How is the quantity of safety the court will get the arrested occasion to deliver calculated and might this sum be reviewed subsequently? In what form ought to the security be presented? Can the amount of security exceed the value with the ship?
No unique formalities are necessary to make an arrest software. The claimant will have to interact an area lawyer who'll agree to undertake the situation. The documents supporting the assert could be photocopies and should be in a very language that is definitely recognized through the court docket, if not they must be translated into Greek, Along with the translator swearing an affidavit that the interpretation is accurate and proper. Arrest applications might be addressed inside a issue of two to a few days.
conditions and terms of work, which includes for posted personnel as defined by law or decree health care examinations, termination of contracts, redundancies and collective redundancies – stipulations of employment for Seafarers
ideas of English regulation are to become adopted (ie, legal responsibility as common provider). wherever the Carriage of products by Sea legislation applies, any deviation in saving or aiming to conserve life or property at sea, or any affordable deviation, is just not considered to be a breach from the deal of carriage.
5%, which has become the lowest in the European Union. Additionally, Cyprus has an in depth community of double tax treaties, offering businesses with the opportunity to reduce their tax liabilities and keep away from double taxation.
distinct overall performance is, however, a discretionary ability from the court and is particularly utilized in instances where by an alternative treatment is not possible.
A partnership is usually a relationship amongst two folks (legal individuals or pure individuals) or maybe more who execute business together with the goal of acquiring earnings.
the very first administrators are appointed either by currently being named during the content articles of association or beneath a provision during the articles of Affiliation delivering the subscribers for the memorandum of Affiliation the ability to appoint them.
In terms of the Cyprus tax method, there are various essential aspects to contemplate. First of all, the corporate tax fee in Cyprus is presently established at 12.5%, making it certainly one of the bottom from the EU. This lower tax rate can noticeably advantage businesses, allowing them to keep much more of their gains for reinvestment or expansion.