Ship Security Company Licensing in Cyprus
Cyprus, a prominent maritime nation, has established a robust regulatory framework for the licensing and operation of private ship security companies (PSSCs) to safeguard vessels against piracy and other unlawful acts. This article delves into the intricacies of Cyprus Ship Security Company Licensing, providing a comprehensive overview of the legal requirements, application process, and the services offered by our Limassol law firm to assist PSSCs in navigating this complex legal landscape.
Legal Framework
The primary legal framework governing the licensing of ship security companies in Cyprus is derived from the “Protection of Cyprus Ships Against Acts of Piracy and Other Unlawful Acts Law of 2012” (Law 77(I)/2012).
This law establishes the overarching principles and procedures for the authorisation and operation of PSSCs, ensuring that these entities meet stringent standards of professionalism, competence, and compliance with international maritime security regulations.
Licensing Requirements
To obtain a PSSC license in Cyprus, entities must meet specific eligibility criteria, including:
- Legal incorporation in the Republic of Cyprus; or be incorporated within any EU state, maintaining its registered office and management within a member state along with an authorised representative in Cyprus; or be incorporated under the jurisdiction of a third country, subject to the approval of the Minister of Communication and Works, and must also appoint an authorised representative in Cyprus.
- Possession of a valid commercial license.
- Demonstrable financial capacity to support PSSC operations.
- Employment of qualified and experienced personnel.
- Implementation of effective quality management systems.
- Adherence to international maritime security standards.
EU Regulations
As an EU member state, Cyprus also aligns its maritime security regulations with EU directives. Notably, Regulation (EC) No 725/2004 on enhancing ship and port facility security plays a crucial role. This regulation underlines the necessity for compliance with the International Ship and Port Facility Security (ISPS) Code.
Compliance with ISPS Code
Security Assessments and Plans: Companies must ensure that ships have conducted proper security assessments and have in place effective security plans.
Training and Drills: Regular training and drills are mandated to maintain high security standards and readiness.