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Start a Business for Repair of Transport Equipment in Cyprus

Start a Business for Repair of Transport Equipment in Cyprus

Updated on Saturday 08th December 2018

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Start-a-Business-for-Repair-of-Transport-Equipment-in-Cyprus.jpgTransportation is one of the most important industries in Cyprus, as the country is one of the most important trading hubs in Europe. Tons of merchandise arrived from all over the world are sent to other European countries by road, sea, and airways. The Cypriot transportation industry has branched out into many sub-sectors, one of the most important being the repair and maintenance services branch which is quite developed.

Foreign investors who want to start businesses by offering repair and maintenance services for transport equipment must comply with several regulations which can be explained by our lawyers in Cyprus.

Regulations imposed on repair shops in Cyprus

Cypriot companies offering repair and maintenance services for transport equipment must comply with the rules imposed by the Ministry of Transport through the Department of Electrical and Mechanical Services.

The Department of Electrical and Mechanical Services in Cyprus is in charge of the supervision of companies offering repair and maintenance for road transport equipment, such as trucks, taxis, and buses.

Registering a company for repair and maintenance services in Cyprus

Foreign entrepreneurs can operate as sole traders if they plan on establishing a small business offering repair and maintenance services of transport equipment, however, they can also set up limited liability companies for more complex services.

With the help of our law firm in Cyprus, the company registration process of such company is easy and quick.

Services offered by transport equipment repair shops in Cyprus

Those who open company for offering repair and maintenance for transport equipment in Cyprus can offer one or more of the following services:

  • -          repair and maintenance services for all types of road transport vehicles and equipment;
  • -          repair and maintenance services for air transportation equipment and planes;
  • -          repair and maintenance services for companies in the maritime industry in Cyprus;
  • -          repair and maintenance services for companies transporting goods by railways.

In order to offer repair and maintenance services for transport equipment, technician licenses are required for the Cypriot company’s employees.

For assistance in starting a business for the repair and maintenance of transport equipment, please contact our Cypriot lawyers.