* REGISTRATION FEES
C£ per gross ton
Gross tons Cargo ships Passenger ships
Up to - 5.000 0,10 0,15
5.001 - 10.000 0,08 0,15
Over - 10.000 0,04 0,15
Minimum fee 125,00 250,00
Maximum fee 3.000,00
The fee for a three month extension of the provisional registration
is one half of the above fees.
* Fees on transfer, transmission, registration a new, mortgage and
transfer of mortgages.
Gross tons C£ per gross ton
Up to - 10.000 0,02
Over - 10.000 0,01
Minimum fees paid 30,00
* Registration of mortgage, assignment or any other charge over the
ship with the Registrar of Companies for any amount stated therein is
C£300.
* Tonnage measurement fees
C£ per gross ton
Gross tons Cargo Passenger
Up to - 49 50,00 100,00
50 - 1.599 0,10 0,20
1.600 - 9.999 0,05 0,10
Over - 10.000 0,01 0,02
* Minimum fees paid £100,00 £200,00
* If a ship is laid up for a continuous period of more than three
months then the fees are reduced by 75% for as long as the ship
remains laid up.
* Annual tonnage tax
C£ per gross ton
Gross tons Cargo Passenger
Up to - 1.600 C£ 100 plus 0,26 0,52
1.601 - 10.000 0,16 0,32
10.001 - 50.000 0,06 0,12
Over - 50.000 0,04 0,08
* The figure derived from the above calculation is then multiplied by
the corresponding rate shown below depending on the age of the ship.
RATE
Age of ship Cargo Passenger
Up to - 10 year 0,75 1,50
11 - 20 years 1,00 2,00
Over - 20 years 1,30 2,60
* The above fees are reduced by 2,5% for every month of employment
of a Cypriot officer on board the vessel and by 1,5% for every
month of employment of a Cypriot lower grade crew (for passenger
ships the fees are reduced by 50%)
* Also in the case of a Cyprus ship owned by Cypriot individuals or
by a company incorporated in Cyprus whose controlling interest is
vested in Cypriots the tonnage tax is reduced by 30%
This information was correct in June 1997.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.