Mike Bradshaw, Director, Greece and Cyprus, FML Ship Management Ltd, has reflected on how the capital’s business ecosystem has propelled FML Ship Management’s expansion.
In a recent interview with GOLD magazine, he also talks about why the company initially chose Nicosia as its Cyprus location and the local advantages that have most contributed to FML Ship Management's growth in the capital city.
Among other things, he also reveals what aspects of life in Nicosia make it a compelling city and also suggests the changes that would make Nicosia more competitive as a business base.
What made you choose Nicosia as your Cyprus location and how has that decision shaped your operations?
When FML Ship Management Ltd established its operations in Nicosia in 2007, it began with just three executives, three vessels and a clear vision for long-term growth.
Selecting the island’s capital as its base was a bold and forward-looking decision at the time, when nearly 200 shipping companies were concentrated in the coastal hub of Limassol, with only a few operating from other locations. FML recognised Nicosia’s strategic advantages. The capital provided proximity to key government institutions, regulators and financial services, along with access to a highly skilled and multilingual workforce. Its strategic position at the crossroads of Europe, Asia and Africa, its English-speaking business environment, UK-based legal framework and stable, fast-growing economy further reinforced the city’s appeal. Combined with a safe, cost-effective setting, these strengths created the ideal foundation for sustainable expansion.
Today, FML Cyprus stands as a centre of technical excellence, managing a fleet of 45 vessels and continuing to invest in innovation, quality and people. What began as a small and determined operation has evolved into a dynamic maritime organisation – one that remains firmly committed to growth, progress and global excellence.
What are the local advantages that have most contributed to your company’s growth in Nicosia?
Nicosia has proven to be far more than just FML’s European centre – it has become a key driver of the company’s ongoing success. The capital’s strong professional base, business-friendly environment and multilingual talent pool have enabled FML to build a diverse and international team that thrives in the dynamic pace of the global maritime industry.
Operating from the capital also offers clear logistical advantages. With banks, regulators and the Immigration Office all within close reach, FML benefits from direct access to the institutions that support efficient and compliant operations. From a cost perspective, Nicosia’s affordability remains a distinct advantage: both office and residential rents are typically two to three times lower than those in coastal cities, while the overall cost of living continues to be competitive, even as more businesses establish a presence inland.
Combining opportunity, efficiency and quality of life, Nicosia provides the ideal foundation for FML’s continued growth, innovation and long-term success.
From which countries have you successfully recruited talent and how do you integrate a multicultural team into Nicosia’s ecosystem?
At FML, people are at the core of everything we do. Since establishing our base in Nicosia, we have placed strong emphasis on attracting, developing and empowering exceptional talent. Today, our multicultural team, representing around six nationalities, thrives in an inclusive environment where every individual is valued, supported and encouraged to grow. Nicosia’s high and rising standards of living, reasonable cost base and excellent English-speaking schools make it an attractive location for professionals and their families. The city’s appeal has helped FML draw talent from across the region and beyond.
Cyprus itself offers a robust pool of professionals in procurement and finance, while more technical roles can be challenging to fill. FML has successfully built a diverse and capable workforce, welcoming colleagues from Cyprus, the UK, Greece, India and Eastern Europe. Each member contributes their own unique experience and perspective, enriching the collaborative culture that defines the organisation. This diversity is not only a source of pride; it is a strategic strength that enhances FML’s global reach and reinforces our commitment to operational excellence across international markets.
Outside the office, what aspects of life in Nicosia make it a compelling city for you and your team?
Nicosia offers a lifestyle that complements FML’s dynamic and international workplace. The cosmopolitan capital seamlessly blends history with modern living, where charming old streets and cosy cafés stand alongside contemporary restaurants, vibrant cultural venues and a growing creative scene. The city’s walkability and strong sense of community make it especially appealing for international staff and families relocating to Cyprus. With the coast and other major cities just a short drive away, Nicosia is perfect for spontaneous weekend getaways.
The city also distinguishes itself with excellent English-speaking schools and a safe, family-oriented environment, attracting professionals who value both career growth and quality of life. For many in our team, weekends are an opportunity to recharge, spend time with family and friends, explore the island’s diverse landscapes or simply enjoy the warmth of the Mediterranean sunshine. This harmony between professional ambition, personal wellbeing and community spirit is what makes life in Nicosia truly rewarding.
Finally, if you could fast-track a couple of changes that would make Nicosia more competitive as a business base, what would they be and why?
My priority would be to enhance transport and traffic flow in and around Nicosia. The city faces congestion during peak hours and limited parking, making daily commutes increasingly challenging. Introducing a more efficient public transport network – perhaps a tram system, a fast intercity link or a well-designed park-and-ride scheme – could significantly improve mobility and the quality of life for residents and professionals alike. Stronger transport links between Nicosia, Limassol and Larnaca would not only ease travel but also strengthen business connectivity and collaboration across Cyprus.
Beyond transport, continued investment in green spaces, digital infrastructure and sustainable urban planning would help shape Nicosia into a modern, forward-thinking business hub – one that mirrors the energy, ambition and innovation of the people who live and work here.
This interview first appeared in the November edition of GOLD magazine. Click here to view it.
