Cyprus tonnage tax, yacht finance, EU regulations, provisional, permanent or bareboat charter registration, parallel-in, parallel-out, ship ownership, tax planning, VAT leasing.

The aim of our shipping department is to attend to the needs of ship owners, ship operators and other professionals engaged in shipping and related business.

Whilst first and foremost, we tend to the registration of shipping companies, our shipping team has vast experience in ship and yacht registration and parallel registrations of such under the Cyprus system and in a timely manner.

Yacht registration is also key, whereas our team is able to assist with its registration and advice on how to enjoy the very attractive VAT leasing scheme that Cyprus offers for yacht, mega-yacht and sailing boat owners which has been renewed for a further 10 years as of October 2019.

We can advise on a variety of shipping related matters, particularly:

  • Chartering (bareboat, time & voyage)
  • Tax planning and structuring of ship owners via the Cyprus Tonnage tax system and various qualifications
  • Tax planning and structuring on sale or purchase of mega yachts.
  • Transfer of ownership / name
  • Change of name
  • Drafting and negotiation of ship management agreements and other related contracts
  • Recording, transfer and discharge of mortgage
  • Issuance of STCW endorsement
  • Payroll management and employment matters (i.e officers and crew)


Maria Theocharous


Maria Theocharous


+357 25 866 480

Maria graduated in Law from the University of Cyprus in 2016 and pursued her Master’s degree in International Shipping Law at the Queen Mary University of London in 2018. She successfully completed her legal training and she was admitted to the Cyprus Bar Association in 2017. Maria is currently undertaking her Ph.D. in International Shipping Law.

Prior to joining E & G Economides LLC, Maria has acquired significant experience working as an advocate in corporate, commercial and shipping law matters of a reputable law firm in Limassol.

In her current position, Maria is focusing on corporate & commercial and banking & finance matters, as well as drafting and reviewing corporate agreements of various sorts and legal transactions. Furthermore, she also undertakes shipping related matters of either an administrative or legal nature.


Bachelor of Laws, University of Cyprus

Master of Laws in International Shipping Law, Queen Mary University of London


Cyprus Bar Association


Contributions - 17 Jun 2022

3rd edition of the ICLG Digital Business 2022

Articles - 17 May 2022

The Cyprus Maritime Cluster - Ship Finance in Cyprus: Mortgages

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