Vanuatu Ship Registration
Vanuatu provides efficient administrative services and a supportive legal framework.
Registering a ship under the Vanuatu flag offers significant advantages, such as: (a) Vanuatu’s status on the White List of the Tokyo MoU, indicating high safety and compliance standards, (b) competitive registration and tonnage tax rates, and (c) no restrictions on ship ownership or crew nationality.
Facts & Info about: Vanuatu Ship Registration
- Ownership:Ships can be owned by individuals or companies of any nationality.
- Company Formation: The owning company can be registered in Vanuatu 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 Vanuatu.
- Annual Maintenance: Annual tonnage tax and maintenance fees must be paid.
- Inspections: Regular safety and compliance inspections as mandated by the Vanuatu Maritime Services.
- Financial Statements: Not explicitly required.
- Tonnage Tax System: Vanuatu has a tonnage tax regime.
- Income Exemptions: Income from the operation of Vanuatu-registered vessels can be tax-exempt under certain conditions.
- Capital Gains: No capital gains tax on the sale or transfer of a Vanuatu-registered vessel or the shares of a shipping company.
- Registration Process: The registration process is typically swift, taking a few days.
- Vanuatu Maritime Act: Governs the registration, sales, and mortgages of ships.
- Tonnage Tax Law: Regulates the taxation system based on tonnage.
- Flag State Control: Vanuatu maintains high standards of safety, security, and environmental protection.
- Reputation: Vanuatu is on the White List of the Tokyo MoU.
- Support Services: : Comprehensive maritime services including ship management and legal support.
- Strategic Location: Attractive due to its favorable regulatory environment.