Djibouti Ship Registration
Djibouti's strategic location at the crossroads of major international shipping routes, including the Red Sea and the Gulf of Aden, provides excellent access to key global maritime corridors, such as the Suez Canal.
Registering a ship under the Djibouti flag offers benefits such as (a) competitive registration fees and tonnage taxes, (b) a flexible regulatory framework, and (c) no restrictions on ship ownership or crew nationality. Djibouti is currently on the Black List of the Paris MoU, indicating higher safety and compliance risks.
Facts & Info about: Djibouti Ship Registration
- Ownership: Ships can be owned by individuals or companies of any nationality.
- Company Formation: The owning company can be registered in Djibouti or elsewhere.
- Directorship: No specific residency requirements for directors.
- Resident Agent: Not required.
- Office Address: The company must have a registered office, which can be a representative office in Djibouti.
- Annual Maintenance: Annual tonnage tax and maintenance fees must be paid.
- Inspections: Regular safety and compliance inspections as mandated by the Djibouti Maritime Administration.
- Financial Statements: Not explicitly required.
- Tonnage Tax System: Djibouti has a tonnage tax regime.
- Income Exemptions: Income from the operation of Djibouti-registered vessels can be tax-exempt under certain conditions.
- Capital Gains: No capital gains tax on the sale or transfer of a Djibouti-registered vessel or the shares of a shipping company.
- Registration Process: The registration process is typically swift, taking a few days.
- Djibouti Maritime Law: Governs the registration, sales, and mortgages of ships.
- Tonnage Tax Law: Regulates the taxation system based on tonnage.
- Flag State Control: Djibouti maintains high standards of safety, security, and environmental protection.
- Reputation: Djibouti is not on the Paris and Tokyo MoUs.
- Support Services: Comprehensive maritime services including ship management and legal support.
- Strategic Location: Attractive due to its favorable regulatory environment.