Moldova Ship Registration
The Moldovan registry offers tax incentives, which can include reduced tax rates and exemptions, making it a cost-effective choice for ship owners.
Registering a ship under the Moldova flag offers several advantages, such as: (a) low registration and tonnage tax costs, (b) a flexible regulatory environment, and (c) no restrictions on ship ownership or crew nationality. Moldova is currently on the Black List of the Paris MoU, indicating higher safety and compliance risks.
Facts & Info about: Moldova Ship Registration
- Ownership: Ships can be owned by individuals or companies of any nationality.
- Company Formation: The owning company can be registered in Moldova 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 Moldova.
- Annual Maintenance: Annual tonnage tax and maintenance fees must be paid.
- Inspections: Regular safety and compliance inspections as mandated by the Moldovan Maritime Administration.
- Financial Statements: Not explicitly required.
- Tonnage Tax System: Moldova has a tonnage tax regime.
- Income Exemptions: Income from the operation of Moldovan-registered vessels can be tax-exempt under certain conditions.
- Capital Gains: No capital gains tax on the sale or transfer of a Moldovan-registered vessel or the shares of a shipping company.
- Registration Process: The registration process is typically swift, taking a few days.
- Moldovan Maritime Law: Governs the registration, sales, and mortgages of ships.
- Tonnage Tax Law: Regulates the taxation system based on tonnage.
- Flag State Control: Moldova maintains high standards of safety, security, and environmental protection.
- Reputation: Moldova 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.