ene 06 2011

Cyprus

Fidelitas7 @ 15:21

Yacht registration in Cyprus

Key Registry Features


	General

	Flag of Convenience		Yes

	IMO Conventions Adopted		All the principal IMO Conventions have been adopted

	Age Limit		15 Years (*Special survey requirements apply to vessels over 15 years old)

	Size Restrictions		None

	Ownership Requirements		More than 50% of the shares of the ship must be owned by Cypriot citizens or citizens of other Member states who appoint a local authorised representative.

	Registration Documents

	Documents Required		For Provisional Registration: A Deletion Certificate (if applicable) Bill of Sale / Builders Certificate Declaration of Ownership Application for a Radio Licence Tonnage certificate Appoint an Authorised Representative For Permanent Registration (within 9 months): Cypriot tonnage certificate and certificate of survey All statutory certificates A signed Carving and Marking Note A Ship Radio Licence

	Registration Fees

	Registration		The fees payable varies between CY£125 to a maximum of CY£3,000 depending on the gross tonnage of the ship. The minimum fee for passenger ship is CY£250.

	Annual		The annual tonnage tax is charged according to the tonnage and the age of the ship with a basic charge of CY£100

	Parallel Registration

			Parallel registration in or out of the Registry is permitted

	Approved Classification Societies

			ABS, BV, CCS, DNV, GL, HRS, KRS, LRS, NKK, RINA, RS, CBS

	Crew Nationality

			A minimum of 15% of the crew must be Cypriots and all crew must be holders of recognised countries certificates of competency.