Ship Registration in Cyprus

Ship registration in Cyprus offers many advantages. By registering a ship in Cyprus, you can be exempted from the tax on profits from the activities of a registered ship in Cyprus, as well as you are exempt from the tax on gains of shares owned by the company of the ship, income from the sale or transfer of a registered ship in Cyprus, there is no income tax on the salaries of the ship’s crew.

As an advantage of the registration of a ship in Cyprus is also the cost of its registration. There is a loyal tax scheme for tonnage based on the gross importation of the ship. Also, when making mortgage transactions, there is no herbal duty.

The registration of a ship in the name of the Cyprus Company may be affected when a non-resident of Cyprus establishes a company in Cyprus and then either charters a ship or buys a ship in their name. Also, in the event that natural or legal persons who do not reside in the territory of Cyprus own fifty percent or more of the shares of the ship, it is necessary to appoint an authorized representative in Cyprus, after which the ship will be subject to registration.

Registration of a Cyprus-flagged vessel may be effected by means of a trema  – at the Registrar of Cyprus Ships, in Limassol and at diplomatic missions, embassies or consular offices of Cyprus abroad  (prior registration up to 9 months).

Cyprus legislation also provides for (parallel registration) bareboat charter:

  1. Parallel registration
  2. Parallel-out registration

Our company will be happy to help you to register the ship in Cyprus. For more information and a quotation, please contact RUE lawyers.

Sheyla

“I specialize in assisting with Ship Registration in Cyprus. Whether you’re navigating the initial application or require guidance throughout the process, feel free to reach out.”

Sheyla Shamilli

LICENSING SERVICES MANAGER

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RUE customer support team

Milana
Milana

“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”

Sheyla

“Hello, I’m Sheyla, ready to help with your business ventures in Europe and beyond. Whether in international markets or exploring opportunities abroad, I offer guidance and support. Feel free to contact me!”

Sheyla
Diana
Diana

“Hello, my name is Diana and I specialise in assisting clients in many questions. Contact me and I will be able to provide you efficient support in your request.”

Polina

“Hello, my name is Polina. I will be happy to provide you with the necessary information to launch your project in the chosen jurisdiction – contact me for more information!”

Polina

CONTACT US

At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

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Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
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Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Regulated United Europe OÜ

Registration number: 14153440–
Anno: 16.11.2016
Phone: +372 56 966 260
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Address: Laeva 2, Tallinn, 10111, Estonia

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Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

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