CYPRUS COMPANIES: ANNUAL LEVY FOR 2016
In 2012 the Cyprus Parliament passed a Law regarding the annual levy on Cyprus Companies. Following the provisions of Companies Law (Cap. 113), all companies registered with the Registrar of Companies in Cyprus are obliged to pay an annual levy of €350 in order to be considered in good standing and for their name to be reserved on the register of the Companies Registry.
The amount of €350 must...
REPORTING FORMALITIES FOR SHIPS ARRIVING AND DEPARTING FROM THE REPUBLIC OF CYPRUS
The Department of Merchant Shipping has updated its guidelines to operators of ships calling at ports in the Republic of Cyprus concerning reporting procedures under EU Reporting Formalities Directive and the Reporting Formalities for Ships Arriving-Departing from Ports of the Republic Law of 2012 (148 (I)/2012).
All the necessary information shall be provided online via the SafeSeaNet...
ANTI-PIRACY LAW IN CYPRUS
Cyprus is one of the most important maritime locations in the world. Precisely, Cyprus is the third largest maritime fleet in the EU and the tenth largest fleet in the world. The ideal geographical location of Cyprus between Europe, Asia and Africa and the considerable tax incentives contribute to making the island a market leader in ship management activities. Shipping is one of the most...