Yacht Registration

Seychelles offers many products in the ‘offshore regime’ and one of the most attractive offerings is YACHT REGISTRATION, for companies in shipping business.

Registration of ships and yachts is governed by the Merchant Shipping Act, 1992. Seychelles is member of the United Nations, the Commonwealth, the group of non-aligned countries, the Indian Ocean Commission, and the International Maritime Organization, and vessels flying the Seychelles flag benefit from friendly treatment worldwide.

Under Seychelles flag a Yacht / Vessel can only be registered either by following:

  • A Seychelles citizen
  • Seychelles corporate company (International Business Company / Domestic company)

A Seychelles IBC can be incorporated and will act as ship owning company. The yacht could be owned by the IBC Company.

Classification Societies

The present recognised and authorised Classification societies by the Seychelles Ship Registrar are listed below.

  • Lloyd’s register of Shipping (UK)
  • Bureau Veritas (France)
  • Nippon Kaiji Ryokai (Japan)
  • Det Norske Veritas (Norway)
  • America Bureau of Shipping (USA)
  • Germanischer Lloyd (Germany)

Provisional Registration:

If the Yacht or vessel is not in Seychelles waters, it can be provisionally registered under a Seychelles flag at a diplomatic or consular representative abroad. It will later be permanently registered with the Seychelles Ship Registrar.

A ship is usually registered for an initial period of 90 days, extendable for another 90 days. Once all requires documents have been submitted the ship can be provisionally registered.

The following particulars will need to be presented for the provisional registration of a yacht:

  • A certificate signed by the builder containing various technical details relating to the yacht
  • Where the yacht has been registered under the law of a foreign country, evidence that registration in that country has ceased
  • Proof of ownership of the yacht
  • A list of not less than three alternative names under which the ship is proposed to be registered
  • A radio license

Permanent Registration:

After the 90-day period, or after the expiry of the extension of the registration certificate, the Vessel can be permanently registered at no extra cost. The vessel owner must submit the following statutory certificates and documents.

  • Certificate of class
  • Cargo ship safety equipment certificate
  • Cargo ship safety construction certificate
  • International oil pollution certificate
  • Minimum safe manning certificate
  • Load line certificate
  • GMDSS safety radio certificate
  • Declaration of transfer
  • Bill of sale

Benefits:

  • Fully exempted from all business taxes, work permits and social security contributions for non-resident personnel
  • No tax is paid on the salaries of officers and crew of Seychelles ship which operate in international water
  • Ownership of ship can be 100% foreign
  • When registering a second ship within 12 months of the first registration, owners of ships are entitled to a rebate of 30% on second ship
  • No publication of identity of principals
  • No tax on the profits by an IBC which owns ships under the Seychelles flag and operates in international waters. Further no tax on the dividends paid by the IBC
  • No tax is paid on the sale or transfer of a Seychelles vessel or of the shares in its own company

Abacus Advantage:

Abacus takes the pride for assisting you with registering Yacht under Seychelles flag. We have an experienced team of professionals who can help you with it. To find out more on Yacht registration please write to us at enquiry@abacus-offshore.com or fill the enquiry form we will call you.