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Ship/Yacht registration

The Seychelles offers an attractive “offshore” regime for the ownership and registration of yachts. A Seychelles citizen or company must own a yacht in order for it to fly the Seychelles flag. An International Business Company is the most effective vehicle for offshore ownership of a Seychelles-registered vessel or ship management operation. Such a company will be exempt from Seychelles taxation on profits and dividends. Sale and transfer of Seychelles-registered vessels or the companies owning them are also free of tax, as are the salaries of officers and crew of Seychelles-registered vessels operating internationally.

Seychelles is a 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.

Classification

The Seychelles presently recognises the following classification societies:

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

The following particulars will need to be presented for the provisional registration of 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 yacht.
A list of not less than three alternative names under which the ship is proposed to be registered
A radio licence.

Permanent Registration

After a period of 90 days, the yacht can be permanently registered. The yacht owner will need to submit further documentation:

An application for permanent registration
A Bill of Sale
Statutory Certificates
A carving and Marking Note, which is issued by the Registrar of Shipping

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