* 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.
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