Press Releases

The Ministry of Energy, Commerce and Industry announces that Regulations 112/2024 on exports, brokering and technical assistance of military equipment have entered into force, which amend Regulations 2 and 4 of Regulations 522/2011 and were issued on the basis of article 2.1 of “Common Position 2003/468/CFSP of the Council of the European Union of 23 June 2003 on the control of arms brokering”, pursuant to Article 21 of Law 1(I)/2011.

The purpose of the amendment of the Regulations is to place brokering activities involving arms and military equipment transferred from a third country to another third country (a country that is not a member state of the European Union), under a licensing regime, even if the broker arranges the transfer while he/she is outside the territory of the Republic of Cyprus.

Moreover, it is clarified that all brokering activities carried out by legal persons, even if they do not have staff in Cyprus, as well as by cooperatives, are also subject to a licensing regime.

All such licenses are issued by the Strategic Items Export Licensing Section of the Ministry of Energy, Commerce and Industry. Applications are submitted through the Stratlink electronic system, which can be found on the website of the Ministry’s Trade Service.

A broker who carries out brokering activities without the necessary license is deemed guilty of an offence in accordance with articles 14-20 of Part IV (Sanctions-Criminal Provisions) of Law 1(I)/2011. More specifically, in the event of a violation of the Law and/or the Regulations, a natural or legal person is deemed guilty of an offence and in case of conviction, is subject to imprisonment not exceeding three (3) years and/or a fine not exceeding one hundred thousand euro (€100.000) or both of these penalties.

For clarifications, exporters can contact 22867197 and 22867220.

(GS/MS)