In March 2021, Mintra’s acquisition of Safebridge marked an fascinating and beneficial milestone. Maria viewed this move as a big move ahead, stating, “With this acquisition, We've use of much more Innovative technology and a larger pool of seafarers and buyers who will take advantage of a drastically expanded support offering.
The Code confirms the principle that a listed organization needs to be governed by an efficient board which supplies assistance and controls the organization. area A.2 in the Code recommends the board should comprise an appropriate balance of unbiased non-executive along with other directors to ensure that no unique director or a little group of directors can dominate the board's determination-making.
Following the modern expansion over the past many years on synthetic Intelligence (AI) systems, we now have a number more info of obtainable AI platforms that deliver customers ...
On top of that, it is crucial to maintain your company’s financial documents if you want. This incorporates maintaining exact and up-to-day accounting data, together with guaranteeing that each one financial transactions are appropriately recorded and documented.
In summary, Cyprus features a positive natural environment for entrepreneurs on the lookout to establish a firm. being familiar with the actions and considerations involved in firm formation will ensure a clean and prosperous start.
where by these types of warranties are not relevant, then Given that the rule of ‘privity of contracts’ applies in Cyprus, the purchaser would not Have a very right of declare in opposition to the builder, but only from the seller with the ship, and can be dependent upon the terms on the agreement of sale from the ship involving them. This is frequently a memorandum of arrangement according to the Norwegian revenue kind or comparable.
Interest obtained by corporations within the everyday system in their business, like curiosity intently connected to the common study course of business, can be regarded as ‘Lively’ interest profits and is simply taxed less than CIT (immediately after deducting allowable costs) at the normal CIT fee of twelve.five%.
• there is not any least issued and paid out up share funds for corporations, but some share funds must exist.
Our maritime attorneys deliver direction on marine insurance plan matters, such as hull and machinery, safety and indemnity, and cargo insurance plan. We also represent customers in insurance plan disputes, defending their pursuits and maximizing recovery.
We advise personal and public entities in the broad choice of sectors to adjust to the GDPR and countrywide laws.
The Program operates from the evenings in order to support Performing learners and is likewise provided through Distance Learning.
How can the Maritime Labour Convention apply inside your jurisdiction also to vessels traveling the flag within your jurisdiction?
A recent Modification from the Courts of Justice Law 1960 as amended, has conferred confined admiralty jurisdiction on the different district courts in Cyprus to hear specified admiralty actions subject matter to their referral by the Supreme Court.
administrators of stated organizations shall be sure that they adjust to the provisions of your MAR and industry Abuse legislation 2016 regarding inside info and insider dealings by getting or disposing of, for their own personal account, securities to which within data relates.