Spotlight on: Emerald Group’s Yacht Registration Solutions in Cyprus
The history of shipping in Cyprus traces back hundreds of years. The geographical location of Cyprus being one of its greatest advantages. Lying at the crossroads and heart of Europe, Africa, Asia and the Middle East, it creates the perfect base for sailors.
Fast forward to 2020, Cyprus has established itself as a strong maritime destination ranking as the 3rd largest fleet in Europe and 11th globally. The island has a world-class maritime infrastructure paired with high quality services and skilled professionals for any maritime need and with established maritime offices around the world.
CYPRUS’ RESPECT FOR THE YACHTING AND MERCHANT SHIPPING INDUSTRY
Cyprus is a European member and thereby affords EU diplomatic protection to yachts and merchant ships registered under the Cyprus flag.
Cyprus is Party to most international maritime conventions regulating areas of maritime safety, prevention of marine pollution, maritime labour and health and safety under a fully elaborated internal legal and regulatory system for the effectiveness of the same conventions. Cyprus also has elaborated advanced and comprehensive national legislation acting as an umbrella of protection from acts of piracy through a regulated system that provides for armed security personnel in high risk areas.
Cyprus signed Bilateral Agreements on merchant shipping signed with 25 States, through which Cyprus ships receive either national or most favored nation treatment in the ports of other States.
BENEFITS OF REGISTERING A YACHT UNDER THE CYPRUS FLAG:
- Fast & smooth application process.
- Management costs and yacht registration fees are the lowest in Europe.
- 8 state-of-the art Marinas on the island.
- Cyprus is Party to most international maritime conventions regulating areas of maritime safety, prevention of marine pollution, maritime labour and health and safety.
- Having been white-listed among the Paris and Tokyo MoUs, the Cyprus flag has a strong reputation as a high quality flag with low risk and is recognized globally.
- European Union Flag.
Emerald Group has many years of experience within the Maritime Industry of Cyprus and members of our legal team that are specialized in Maritime Law with degrees from leading universities such as London School of Economics and University of London.
Follow this link to find out more about the specific Maritime & Yacht Registration solutions or to schedule a no-commitment first meeting or virtual call where our team would be happy to answer all your questions regarding Yacht Registration in Cyprus.