CYPRUS Yacht Registration

Register your boat under the Cyprus Flag

There are a few important factors to consider when choosing the country or flag to register your yacht. These factors include economic advantages such as low registration costs, no tax on operation revenues, no income tax on crew wages, appropriate tonnage tax regulation, and no stamp duty on ship mortgages. Additionally, the advantages of being under the EU flag should not be ignored.

On the other hand, it is also important that the flag chosen by the ship complies with international maritime standards. For example, the inclusion of the Cypriot flag on the White List of the Paris and Tokyo Memorandum of Understanding and its removal from the US Coast Guard’s “List of Targeted Flag States” would allow ships to be less inspected and delayed at ports.

Ship Registration Under the Cyprus Flag

The existence of maritime offices for ships serving under the Cypriot flag should also be taken into account. For example, there are maritime offices providing services to Cypriot ships in important ports such as New York, London, Rotterdam, Piraeus, Brussels and Hamburg. These offices have formed a network around the world to ensure effective inspection of ships and to prevent them from being detained due to port state controls.

Ships flying under the Cypriot flag are parties to most international maritime conventions and comply with standards regarding safety and pollution prevention. In addition, the Cypriot government has made bilateral agreements with 26 countries, ensuring that its ships receive national or privileged country treatment in the ports of these countries.

Fishing Boats in Cyprus
Cyprus Larnaca Port
Cyprus Port

Why Cyprus Flag?

  • The entire procedure can be done online
  • No need for original documents
  • Possibility of registration within one week
  • Easy and fast process
  • Any nationality can register
  • Suitable for commercial yachts
  • Low registration costs
  • We can provide MMSI license service

FREQUENTLY ASKED QUESTIONS

What is yacht flag registration?
Yacht flag registration is the process of registering a yacht under the yacht flag of a specific country. This determines the yacht's compliance with certain legal and regulatory requirements and the yacht owner's rights over the yacht.
Why is yacht flag registration important?
Yacht flag registration determines the legal status of the yacht and the rights of the owner over the yacht. It also demonstrates the yacht's compliance with international maritime rules while cruising and may offer certain tax advantages or regulations to the yacht owner.
In which countries can yacht flag registration be made?
Yacht flag registration is generally available in many countries, but popular options include Malta, England, Poland, San Marino, and Switzerland.
Under what flag should the half be recorded?
Which flag to choose depends on factors such as the yacht's owner's residence, the yacht's size, its intended use, and the owner's tax status. By contacting VesselFlag, we can help you find out the most suitable flag for you.
How much does yacht flag registration cost?
The cost of yacht flag registration varies depending on the selected flag country, the size of the yacht, its specifications and other factors. However, there are usually costs such as an annual registration fee and application processing fee.
How long does yacht flag registration take?
Yacht flag registration time varies depending on the country of flag chosen and the application process. In some cases it may take a few days, in other cases it may take several months.
What are the documents required for yacht flag registration?
Required documents may vary by country, but generally an identity document that meets the legal requirements of the country in which the yacht will be registered, such as technical documentation, the yacht owner's identity document and proof of payment are required.
What should be taken into consideration after yacht flag registration?
Once the yacht flag is registered, it is important to update it regularly in certain processes and operate it in accordance with the legal requirements of the country in which the yacht is registered. In addition, international maritime rules and the regulations of the country where the yacht is registered must be followed in the navigation and maintenance of the yacht.