Cyprus Shipping Limited Liability Company
Cyprus Shipping Limited Liability Company The Shipping Limited Liability Company Law of 2022 (SLLC Law) was introduced in Cyprus in October 2022. Under the SLLC law a new ship-owning legal entity, the Shipping Limited Liability Company (SLLC) has been established, with sole business purpose the ownership and operation in relation to vessels under Cyprus Flag. The new SLLC Law creates a single framework specialised for Ship-owning companies with vessels under Cyprus flag and includes more simplified and straight - forward procedures in the day-to-day operations of the company. Main Provisions of the SLLC Law Shipping Limited Liability Companies Law (161(1)/2022) Companies Law (Cap....
Continue reading