Our firm offers a full range of legal services to ship owners, charterers, ship managers and ship financing institutions.
We advise and assist in the sale & purchase of vessels, their registration, certificate renewals and registration of mortgages and through our trusted associates we advise on the advantages of our double tax treaties and the taxation of vessels under the tonnage tax system (TTS) for ship owners and management which are subject to an annual tonnage tax, calculated on the basis of the net tonnage of the qualifying vessel.
See relevant Tonnage Tax rates here
Our Services Include
Acquisition and disposal of vessels
Permanent Registration of vessels
Preliminary Registration of vessels
Bills of lading and contracts of carriage
Administration of vessels
Registration of mortgages
ADVANTAGES OF REGISTERING A SHIP UNDER THE CYPRUS FLAG
Cyprus plays a prominent role as a leading shipping and ship management centre with a sound maritime infrastructure, favourable tax regime and competitive ship registration and tonnage tax rates.
The Cypriot maritime registry is today one of the largest in the EU and the 10th largest worldwide, as well as the biggest third party ship management centre in the EU.
On 29th April 2010 the Cyprus Parliament enacted the long awaited new shipping legislation. The new Merchant Shipping Law, which applies from 1 January 2010, extended significantly the scope of the Tonnage Tax (TT) regime and enhanced the position of Cyprus as a maritime centre.
01. Our Partner has handled the acquisition of a construction vessel valued at 25.000.000 mil which was transferred to Piraeus Port arranged for the preliminary and permanent registration of the vessel under the Cyprus Flag.
02. Leasing with the Department of Merchant Shipping for the issuance and renewal of vessel certificates.
03. Applying and Obtaining Tonnage Tax certificates for your client’s vessels.