Shipping & Ship Management

The aim of our Shipping Department is to attend to the needs of ship owners, ship operators and other professionals engaged in shipping and related business.  

Our department specializes in providing Cyprus, BVI, Malta, Belize, Dominica and Marshall Islands flag services.

With reference to the Cyprus Shipping Flag, Cyprus is considered to be a prime choice for international business and shipping. The registry is now ranked as the 10th largest merchant fleet globally and the 3rd largest fleet within the EU, with a registered gross tonnage exceeding 21 million.  

Cyprus is one of largest and most renowned shipping centres in the world, comprising both ship owning and ship management companies. Its leading maritime structure continues to gain strength by maintaining competitive registration costs and a favourable taxation structure. Cyprus has the only EU-approved “Open Registry” regime with a vast Tonnage Tax System that is legally endorsed and which incorporates the three principle “maritime transport” activities, namely ship owning, ship management and chartering.

Cyprus’ commitment to safety and quality is evidenced by the classification of the Cyprus flag in the ‘White List’ of the Paris and the Tokyo MOUs on Port State Control, as well as its exclusion from the “List of Targeted Flag States” of the U.S. Coast Guard.

OUR SERVICES

  • Registration of shipping companies
  • Ship and yacht registration
  • Chartering (bareboat, time & voyage)
  • Parallel registration
  • Tax planning and structuring of ship owners via the Cyprus Tonnage tax system and various qualifications
  • Tax planning and structuring on sale or purchase of mega yachts. 
  • Transfer of ownership / name
  • Change of name
  • Drafting and negotiation of ship management agreements and other related contracts 
  • Recording, transfer and discharge of mortgage
  • Issuance of STCW endorsement
  • Payroll management and employment matters (i.e officers and crew)

Contact

Director / Legal Consultant to Corporate & Banking Dept.
[email protected] Limassol, Cyprus

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