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ARTICLE · 03 OCTOBER 2023

Market Intelligence Thought Leadership Award Winner

Cyprus Flag: A Passport To Maritime Prosperity

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Over the past few decades, Cyprus' shipping sector has evolved into one of the most successful industries of the island, steadily rendering Cyprus...

CyprusTransport
Stella Georgiadou
Stella Georgiadou
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Over the past few decades, Cyprus' shipping sector has evolved into one of the most successful industries of the island, steadily rendering Cyprus into a major international maritime centre, comprising both ship-owning and ship-management companies.

The legislation of the State of registry of the foreign ship must permit its bareboat charter registration which is usually for 2 years but it can be renewed.

The maritime industry represents one of the cornerstones of the Cypriot economy, both in terms of financial strength and overall significance.

With a maritime history and expertise in trading and sailing dating back thousands of years, a beneficial geographic location at the crossroads of three continents combined with its constant strive for development and growth, Cyprus has achieved to become an international and modern maritime centre and an optimal business base for so many entrepreneurs.

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