In March 2021, Mintra’s acquisition of Safebridge marked an exciting and favourable milestone. Maria seen this go as a significant step ahead, stating, “using this acquisition, Now we have usage of a lot more Highly developed technologies and a bigger pool of seafarers and clients who can reap the benefits of a significantly expanded company giving.

Cyprus offers a minimal corporate tax price of twelve.five% and it has a large network of double tax treaties, which could aid reduce the tax load on your company’s international things to do. it is crucial to operate with an experienced tax advisor who can guide you in the registration method and assist you optimize your tax tactic.

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could it be achievable to seek aid from the stringent enforcement from the legal rights and liabilities of the functions to the delivery contract exactly where economic disorders have made contractual obligations much more onerous to perform?

Finally, finding a trusted accountant is important for good financial management and compliance with taxation and reporting obligations. a skilled accountant will help you navigate the Cyprus tax program, sustain accurate financial information, and provide valuable insights for business expansion.

where by these kinds of warranties aren't applicable, then considering that the rule of ‘privity of contracts’ applies in Cyprus, the purchaser would not Possess a proper of claim versus the builder, but only versus the vendor of your ship, and could be based mostly upon the terms in the deal of sale of the ship among them. This is frequently a memorandum of agreement determined by the Norwegian profits form or identical.

Are there conventions or domestic regulations in drive in regard of street, rail or air transportation that implement to phases with the transportation aside from by sea underneath a mixed transportation or multimodal Monthly bill of lading?

The favorable tax regime in Cyprus is another captivating part for business owners. The place offers a reduced corporate tax charge of twelve.

that is a Corporate law Cyprus far more regulated form of entity and it is frequently applied both when the corporation has a lot of shareholders or when it has to be outlined within a inventory exchange in Cyprus or overseas. Its most important attributes are the following:

According to part 134 of the Companies regulation, firms, on request in crafting of five% of all associates that have voting rights at that Conference or on request of not lower than one hundred users holding shares in the business, on which There have been paid up a median sum, for every member, of not below 170 euros, shall give to customers of the business entitled to get see of another annual common Conference, see of any resolution which can effectively be moved and is meant being moved at that meeting and it shall flow into to users, entitled to receive detect of any general meeting, any statement of not more than one,000 words with respect to the make a difference referred to in any proposed resolution or perhaps the business to be handled at that meeting.

being an exception to the above, the businesses regulation and suitable case law has adopted some rules which allow the lifting on the corporate veil of a firm and in this sort of instances the shareholders could possibly be held liable.

usually, corporations are alleged to reveal Bodily existence. Absence of business or functioning premises, no matter whether owned or rented, aside from a mailing handle and in addition The dearth of meaningful corporate initiative and administration, are variables which suggest an absence of Actual physical presence.

comprehending the legal features is significant in order that your company operates throughout the framework of Cyprus corporate law.

SafeMetrix assessments have been made in reaction to maritime mishaps, highlighting the sector’s earlier concentrate on technical capabilities though generally neglecting non-complex factors such as gentle techniques and cognitive qualities.