Archive for March, 2016

Department of Merchant Shipping Circular No. 07/2016: transposition of the European Commission Directive (EU) 2015/559 of the 9th April 2015 by the Merchant Shipping (Marine Equipment) Order and Notification of 2016

Circular No. 7/2016 issued on the 28th of March 2016 by the Department of Merchant Shipping advises on the transposition of the European Commission Directive (EU) 2015/559 (the “Directive (EU) 2015/559”) by the Merchant Shipping (Marine Equipment) Order of 2016 (P.I 92/2016) (the “Order”) and the Merchant Shipping (Marine Equipment) Notification of 2016 (P.I 91/2016) (the “Notification”) which were issued by the Minister of Communications and Works.

Accordingly, the Order substitutes Schedule A of the Merchant Shipping (Marine Equipment) Laws 2002 (Law 55(I)/2002 as amended) (the “Law”), with a New Schedule A identical to Annex A of the Directive (EU) 2015/559.  Similarly, the Notification sets out the equipment referred to in section 6(3) of the Law.  Thus, pursuant to Article 2 of the Directive (EU) 2015/559, the equipment under Schedule A.1 of the Law, as having been transferred from Schedule A.2 of the Law, that was manufactured prior to the 30th April 2016 in accordance with the type-approval procedures that existed on that date in Cyprus, may continue to be on the market and on board a Cyprus Ship or a Community Ship until the 30th April 2018.

The implementation date for the new Order and Notification is the 30th April 2016.

For access to the European Directive, please visit:


We are delighted to announce the launch of our Vassiliades & Co. (MALTA) LTD website, which we hope you will find informative and easy to use.

Our Malta presence reflects our continued commitment to growth and expansion of our business portfolio and range of services offered to our clients. The central location of Vassiliades & Co (MALTA) LTD in Valetta, Malta’s capital city and financial centre allows us to better serve your needs. Our dynamic and experienced team is well-equipped to assist you on a wide range of legal services on Maltese and Cyprus law matters, including, but not limited to, Company law, Shipping and Maritime law, Commercial, Contract law and Immigration law.

In addition, being a corporate service provider, Vassiliades & Co (MALTA) LTD specialises in the formation of Maltese companies/partnerships and may provide assistance on management and administration issues, ensuring that legal requirements and deadlines are met. To achieve the smooth operation of our clients’ business and to ensure a faster, cost-effective compliance of company law requirements, we offer professional nominee services (director, secretary, shareholder) and act upon the sole instructions of the client. We pride ourselves in understanding and serving each client’s commercial needs in a timely manner and aim to free you from the tedious administration process associated with a company.

With our international reach, having affiliated offices in Cyprus, Greece, UK, Russia, Seychelles, Belize and Hungary, we are in a position to assist you with your legal and/or corporate needs in those jurisdictions. Our mission is to be a one-stop firm serving yours and your family’s needs.



Christodoulos G. Vassiliades & Co. LLC will attend 3rd Europe-Iran Forum 2016

Christodoulos G. Vassiliades & Co. LLC Representatives, Maria Kyriacou and Anna Maria Vassiliades will attend the 3rd Europe – Iran Forum 2016, which will be held in Zurich, Switzerland between 3 and 4 May 2016.

The Forum will take place almost two months after the Implementation Day (16 January 2016) which marks the beginning of a “post – sanctions era” for Iran, opening the door to one of the world’s largest and most promising economies.

The 3rd Europe – Iran Forum will provide a new and innovative program designed to balance high level networking opportunities with panels and industry-focused workshops of real practical value.

For full details please visit our: Events Calendar

If you will be attending the 3rd Europe-Iran Forum 2016 and are interested in meeting us, please contact us by filling in the below Contact Form.

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Christodoulos G. Vasilliades & Co LLC publishes Tax Facts Cyprus 2016

Christodoulos G. Vassiliades & CO LLC has published Cyprus Tax Facts for 2016. The publication consists of:

  1. Corporation Tax;
  2. Special Contribution of Defence Fund;
  3. Capital Gains Tax;
  4. Personal Income Tax;
  5. Social Insurance;
  6. Value Added Tax;
  7. Immovable Property Tax;
  8. Transfer Fees by the Land Registry Department;
  9. Trusts;
  10. Stamp & Capital Duties;
  11. Double Taxation Agreement;
  12. Tax Calendar; and
  13. Penalty Notes.

For further details, read below full publication





Christodoulos G. Vassiliades & Co. LLC proudly announces the addition of another affiliated office Vassiliades & Co (UK) Limited in London, UK.

Consisting of a dynamic and experienced team, we are extending our assistance on a wide range of legal services on English and Cyprus law matters, including, but not limited to Company Law, Mergers & Acquisitions, Commercial Law and Immigration Law.

With the addition of the affiliated office in London we are reflecting our continued commitment to growth and expansion of our business portfolio and range of services offered to our clients.


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