Yachts, Aircraft & Art Law

Ccmalta Default

This practice group is orientated to provide assistance related to pleasure and commercial yacht registrations, as well as, aircraft licensing under the Cyprus flag.

The Yachting Industry in Cyprus has two key facets; pleasure yachts, used as part of a business activity, and commercial yachts, which has fiscal advantages for Cyprus shipping organizations.

Cypriot tax legislation provides various fiscal incentives for aircraft owners who register their aircraft in Cyprus  and Tax Exemption of Income from Aviation Activities.

With a strong sense of history Cyprus has a diversity of art and culture unseen in much of the world. The value of Art and Culture transcends monetary lines and thus the protection of Cultural property holds both individual and national importance, for both today and future generations.

Yachts, Aircraft and Art Law Expertise

Our lawyers offer all-round assistance to clients wishing to undertake this process. Ranking as first tier for Yachting in Chambers and Partners, the firm holds strong ties with surveyors, yacht management companies, financial institutions, insurance companies and banks which allow it to provide a one stop-shop service from Cyprus.

Chetcuti Cauchi holds strong links with all sectors of shipping and maritime law and the firm has specialized lawyers, accountants and tax consultants in all maritime-related fields of law including ship finance, litigation and admiralty, and is the preferred maritime law firm for banks, other financial institutions and ship-owners seeking the most effective and advantageous financing.

Yachts

As a part of numerous international conventions and regulations for the uses of the Sea and continental shelf there are a lot of requirements that an individual or business has to be aware of and be compliant to before they venture into the maritime and shipping sectors.

Chetcuti Cauchi will represent you through these regulations, such as flag and ship registration, bareboat charter registrations, ship owning and ship management company incorporation, marine mortgages and other form of securities, discharging of mortgages, ship sales and purchases, ship finance, chartering and leasing, syndicated bank loans; and security and mortgage enforcement matters as well as other Cypriot maritime law matters.

Aircraft

Cypriot tax legislation provides various fiscal incentives for aircraft owners who register their aircraft in Cyprus. Tax Exemption of Income from aviation activities, any income which is derived from the ownership, leasing or operation of aircraft or aircraft engines which is used for or employed in the international transport of passengers or goods is exempt from tax in Cyprus, since such income is deemed to arise outside Cyprus for Cyprus income tax purposes.

Art Law

Chetcuti Cauchi is also on the very forefront  in Art & Cultural Property Law in |Cyprus. Zealous and creative about cultural property and the arts, the main aim of this specialized practice group is to provide the creative market with practical advice in ‘a one-stop-shop’ fusion of services. 

Our Malta Yachting Team is x Experienced in all facets of the Shipping and Yachting industry, Chetcuti Cauchi assists and represents individual or corporate clients throughout different stages of vessel ownership from; vessel sale and purchase, chartering and leasing agreements, setting up of VAT Yacht Leasing Structures, marine mortgages, or other forms of securities, discharge of mortgages, ship owning and ship management companies,  registration of vessel, bareboat charter registrations , tax advice



Contact Us
Key Contacts

Mr Charles Savva

Managing Partner, Cyprus

+357 2203 0262

Dr Silvana Zammit

Partner

+356 22056123

Related Practice Groups
Related Practices
Related Opportunities