Everything about Maritime law Cyprus

the majority of the files essential via the MLC, 2006 may be downloaded utilizing the down below links. Obligatory paperwork as indicated can only be issued by the SDM. Model formats are presented to aid Shipowners – Equivalent Shipowner’s documents could possibly be used.

Moreover, obtaining financial statements audited by a certified auditor provides an extra layer of reliability, as it provides an unbiased assessment of the business’s financial placement and compliance with accounting concepts.

This legal framework assures that your business’s legal rights and passions are guarded, providing you with comfort as you navigate the business landscape.

learners are qualified for graduation following properly finishing ninety ECTS credits during the classes listed in the Program Structure.

Also, Cyprus features a favorable tax routine that pulls quite a few entrepreneurs. The place provides a low corporate tax charge of 12.five%, rendering it Probably the most aggressive tax jurisdictions in Europe.

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steps based upon torts are time-barred Otherwise submitted in six many years (3 decades for negligence, nuisance and breach of statutory obligation) in the day the cause of action arose.

By adhering to these laws, you could create a powerful foundation for your organization’s operations and Develop have faith in with stakeholders.

In line with part 187 of the Companies regulation, every corporation have to preserve a sign up demonstrating an entire description of each and every director's interests while in the shares of the corporation. The register needs to be retained at the corporation's registered Business and become obtainable for inspection by shareholders and debenture holders.

Intellectual property rights are Yet another vital consideration for businesses running in Cyprus. shielding your intellectual property is crucial to safeguard your improvements and ideas from unauthorized use or infringement. Cyprus has a robust legal framework for intellectual property safety, providing you with satisfaction.

As of June 2022, 'passive' desire money earned from Cyprus governing administration bonds, Cyprus and international corporate bonds stated on the recognised stock exchange, and bonds issued by Cyprus state organisations or by Cyprus or overseas area authorities outlined with a recognised stock exchange shall be topic to SDC for the reduced fee of three%.

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A claimant might make an application for an injunction freezing any movable property belonging for the defendant. Additionally, there are other kinds of injunction orders obtainable, like Norwich Pharmacal and Chabra.

SafeMetrix assessments have been produced in reaction to maritime mishaps, highlighting the market’s previous target technical techniques while normally neglecting non-complex elements like tender capabilities and cognitive abilities.

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