As of 27 September, The Council of Ministers of the Republic of Cyprus, has issued New Regulations on Fees and Dues with respect to Ocean Going Commercial Cyprus Ships which are applicable with immediate effect.
In essence, the aim of the new Regulations is the simplification of the relevant fees and dues in order to respond to the current needs of shipping and the rounding up of the relevant amounts thus facilitating the payment procedure. Furthermore, is the abolition of fees which are considered obsolete, resulting in lower registration fees.
New Regulations with respect to the applicable fees and dues for non-Ocean going Commercial Cyprus Ships will be adopted within the coming months.
Schedule of the new applicable fees can be provided upon request by our legal department.