Understanding Ship Registration Procedures in Cyprus

To register a ship in Cyprus, you must follow a well-established procedure set out by the Shipping Deputy Ministry of Cyprus. This process involves several key steps:

1. Eligibility for Registration

All vessels used for navigation, except those propelled by oars, can be registered in Cyprus. Ownership requirements include:

• Cypriot or EU/EEA nationals who own at least 50% of the shares.
• Companies established in Cyprus or within the EU/EEA can register ships under the Cypriot flag. If a company is outside Cyprus, it must appoint an authorized representative within Cyprus or entrust the ship's management to a Cypriot entity.

2. Types of Registration

Cyprus offers three main types of ship registration:

• Provisional Registration: This is valid for six months and can be extended if necessary. It is often used when a vessel is purchased or delivered.
• Permanent Registration: Once all documents are submitted, the vessel can be permanently registered.
• Bareboat Charter Registration (Parallel Registration): Cyprus allows for dual registration under certain conditions, where the ship can fly the Cypriot flag while being registered under a foreign flag simultaneously.

3. Documents Required

Key documents needed for registration include:

• Application for registration of a vessel.
• Proof of ownership (e.g., Bill of Sale or Builder’s Certificate).
• Certificate of Deletion from the previous registry.
• International Tonnage Certificate (for vessels over 24 meters).
• Confirmation of Classification Society, where applicable.
• Declaration of Ownership and Power of Attorney.
• For companies, corporate documents such as Certificates of Incorporation and Resolutions are required.

4. Survey and Inspection

Before the ship can be fully registered, it must undergo a survey to ensure it meets safety and environmental standards. This survey must be conducted by a Classification Society recognized by Cyprus.

5. Fees and Renewals

There are fees associated with the initial registration, as well as annual fees for maintaining the registration. The process is efficient, and Cyprus offers a favorable tonnage tax regime, making it an attractive option for shipowners.

Once the registration is complete, the vessel is entitled to fly the Cypriot flag, benefitting from the country’s robust maritime infrastructure and favorable tax policies. Cyprus is a preferred choice for shipping companies due to its strategic location and EU membership, providing access to European maritime laws and markets.

This overview provides a general framework for registering a ship under the Cyprus flag. For detailed guidance, it’s recommended to consult a local lawyer, as they are required to submit the necessary documents and handle legal formalities

If you are considering registering a ship in Cyprus, Tashev Law is here to help. With extensive experience in maritime law, we provide comprehensive support throughout the ship registration process. Our team can assist you with document preparation, legal compliance, and all necessary steps to ensure a smooth and successful registration. Contact us today to learn how we can guide you through this critical process with expert advice and practical solutions.

Feel free to reach out for more information or to schedule a consultation.