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CyprusCyprus is the third largest island in the Mediterranean Sea with an area of 9251 sq. km. It is located about 200 km northwest of Israel, 380 km north of Egypt, and 800 km east of the Greek mainland. The latitude of Cyprus is 34°,33' to 35°,34' North and its longitude is 32°,16' to 34°, 37' East. With its sunny climate, beautiful beaches and rich history Cyprus is a prime holiday destination and has extensive tourist facilities to accommodate every taste and budget. Virtually all major european airlines and Cyprus Airways have daily flights to Larnaca or Paphos (the two Cypriot airports). Visitors can also easily reach Cyprus by boat from Greece, Egypt, Israel and other neighbouring countries. The island has proved to be an ideal centre for the establishment of legal entities by foreign ship-owners and other professionals for the conduct of maritime activities and for the rendering of shipping services worldwide. In 1982 Cyprus ranked thirty-second on the list of leading maritime nations. It now ranks fourth with around 2.650 ships totalling over 5 million gross tonnage. The island's maritime policy aims to develop an integrated shipping infrastructure through the granting of appropriate incentives. Incentives
Eligibility for RegistrationA vessel may be registered in Cyprus if more than one half of the shares of the ship are owned by:
In view of the above requirements, all non-Cypriot owners who wish to register their ships under the Cyprus flag must incorporate a company in Cyprus, which will either acquire the ship in its name, or bareboat charter the ship. As of 1 January 2000, vessels of any size and type having an age not exceeding 15 years, except fishing vessels, may be registered in the Cyprus Register of Ships as long as they comply with the provisions contained in the merchant shipping legislation and the circulars of the Department of Merchant Shipping. Vessels over 15 years of age, including fishing vessels, may be registered in the Cyprus Register of Ships under additional conditions, which must be fulfilled concurrently with the submission of the application for registration and must be complied with at all times while the vessel remains registered, irrespective of any subsequent transfer of ownership. The owner/bareboat charterer of a vessel registered under the Cyprus flag automatically undertakes that, whenever the Department of Merchant Shipping deems necessary, to have the vessel inspected by its own surveyors as a result of identified deficiencies or an alleged serious violation of international conventions. The owner/bareboat charterer is required to submit the vessel for inspection, at his expense, in order for the Department to determine whether the vessel meets the applicable statutory requirements. The age of a vessel is calculated by deducting the year when its keel was laid from the year when the application for registration of the vessel was filed with the Registrar of Cyprus Ships. The year of conversion or modification or major reconstruction and the year of completion or delivery of a vessel, are considered irrelevant and will be ignored. Cargo Vessels with Gross Tonnage of 1000 and over, Ocean Going Tug Boats with Gross Tonnage of over 500 and Mobile Offshore Drilling UnitsOver 15 years but not exceeding 17 years of ageA vessel in this category may be registered provided it passes a special inspection. Over 17 years but not exceeding 20 years of ageA vessel in this category may be registered provided:
Over 20 years but not exceeding 23 years of ageA vessel in this category may be registered provided:
Cargo Vessels with a Gross Tonnage of less than 1000Only cargo vessels not exceeding 20 years of age may be registered. However, they are subject to a special inspection if they are subsequently detained on account of deficiencies or violations of international conventions by flag or port state control authorities. Passenger VesselsOver 15 years but not exceeding 25 years of ageA vessel in this category may be registered provided it passes a special inspection and is subject to subsequent annual special inspections. Over 25 years of ageA vessel in this category may be registered provided:
In both cases, whenever the vessel is engaged in regular service which includes at least two calls per month to a Cypriot port, at least 25 percent of its crew should be Cypriot, unless a confirmation is given by the Limassol District Labour Office that no Cypriot seamen are available, and at least 1 Cypriot student or graduate of a Marine Officer's School, if available, is engaged for sea training for a period of up to 6 months. Fishing Vessels, Fish Factory VesselsThere are detailed requirements for the registration of fishing and fish factory vessels of any age covering ownership, safety, fishing activities and hygiene. Auxiliary Vessels and Pleasure CraftVessels up to 25 years of age may be registered without any additional conditions. Vessels over 25 years of age may be registered provided they belong beneficially to residents of Cyprus and their management and operations are controlled from Cyprus. OwnershipApplications for registration must be accompanied by all relevant documentary evidence attesting compliance with the various conditions which need to be fulfilled at the time of the provisional registration (or the directly permanent registration, as the case may be.) Residents of Cyprus, for the purposes of this policy, include:
Services
If you would like additional information about this Ship's registry services or would like to register a vessel(s) please fill in the relevant information listed in Feedback Form and we shall contact you immediately. |
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