A non-resident wishing to register a ship under the Cyprus flag must form a Cyprus Shipping Company. The Company will acquire the vessel in its name. It will be registered as a private company with limited liability (by shares).
To incorporate the Company, one must file the memorandum and articles of association (both must be in Greek) with the Registrar of Companies. On formation of the Company, the Registrar of Companies will issue a certificate of incorporation. Upon issue of the certificate, the company may begin to trade and register a ship in its name.
For Cyprus Shipping Companies including Cyprus Banking Services, Cyprus Accounting & Payroll Services, Cyprus Company formation, Cyprus Trust formation and Cyprus Tax, kindly forward your query to info@fci.com.cy