Admiralty and Shipping Legal Services in Cyprus
At Michael Chambers & Co LLC, we provide a comprehensive range of legal services in admiralty and shipping law, catering to clients from Cyprus and worldwide. Our experienced team of maritime lawyers understands the complexities of international shipping law and is committed to offering practical and efficient legal solutions to businesses and individuals operating in the marine industry.
Advantages of Registering a Cypriot Shipping Company:
Cyprus offers numerous benefits for those seeking to register a shipping company or vessel under the Cyprus flag, including:
- No tax on profit from operating or managing vessels registered under the Cyprus flag or shares in a ship-owning company.
- No capital gains tax on selling a Cypriot vessel or transferring shares in a Cypriot ship-owning company.
- A liberal foreign direct investment program, allowing for 100% foreign involvement in many sectors.
- No exchange control restrictions.
- Over 50 double taxation treaties in effect, with more under negotiation.
- No estate duty on the inheritance of shares in a ship-owning company.
- No income tax on the emoluments of officers and crew.
- No stamp duty on ship mortgage deeds.
Our admiralty and shipping law services include:
Maritime Commerce: We provide expert advice and representation on all aspects of maritime commerce, including contracts, financing, and dispute resolution.
Choice of Flag: Our team offers guidance on the advantages and requirements of various flag registries, helping clients make informed decisions about which flag is most suitable for their vessel and operations.
Vessel Registration: We assist clients in registering and deleting vessels under the Cyprus flag, as well as navigating the requirements and procedures involved in registering vessels under other flags of convenience.
Employment Issues Specific to Shipping Companies: Our lawyers advise clients on employment matters unique to the shipping industry, such as crew contracts, wages, working conditions, and dispute resolution.
Salvage: We provide legal representation in salvage claims and disputes, ensuring that clients’ rights are protected and receive fair compensation for their services or losses.
Collision: Our maritime lawyers handle collision cases, advising clients on liability and damages and resolving disputes through negotiation, arbitration, or litigation.
Loss of or Damage to Cargo: We represent clients in claims related to the loss of or damage to cargo, ensuring that their rights are protected and that they receive appropriate compensation.
Ship Sales and Purchases: We advise clients on all aspects of ship sale and purchase transactions, from drafting and negotiating contracts to coordinating due diligence and ensuring compliance with regulatory requirements.
Freight Disputes: Our team provides expert guidance and representation in freight disputes, helping clients to resolve conflicts quickly and efficiently through negotiation, arbitration, or litigation.