Seychelles Yacht Registration

• Only Seychelles individuals can register yachts directly as private owners without the requirement of setting up a company for yacht registration. This process allows individuals to own and register yachts under their name without the necessity of establishing a separate company. The registration process accommodates individuals wishing to own and register yachts under their name, eliminating the need to establish a separate company solely for yacht registration. However, we recommend registering with a company to avoid liability issues and gain additional benefits.
• Individual Registration:
  • If you are a Seychelles citizen, you can proceed with individual registration through the next step in the yacht registration process.
• Company Registration:
  • If you are a foreign entity, you will be required to register company in Seychelles for yacht registration. The most suitable type of business entity for yacht registration in Seychelles is an offshore company and International Business Company (IBC) registered with the Seychelles International Business Authority (SIBA), or a domestic company registered with the Registrar of Companies.
  • This type of company is exempt from income tax and dividends and is often used for offshore ownership of a Seychelles-registered vessel or ship management operation. The registration process typically takes 1 week to complete and is handled by the Seychelles Maritime Safety Administration (SMSA).
  • Various statutory requirements for IBCs in Seychelles are as follows:
  • A Seychelles IBC must have at least one shareholder, who can be either an individual or a corporate body without residency requirements.
  • A Seychelles IBC must have at least one director, without residency requirements.
  • A Seychelles IBC must have a registered office and a registered agent in Seychelles.
  • The registered agent must be a licensed company in Seychelles, and the registered office must be a physical address in Seychelles.
  • No prescribed minimum share capital requirement

• Prior to registration under a company, an array of documents is essential, subject to varying factors. Tetra Consultants offer adept guidance through this pivotal phase of Seychelles Yacht Registration. Our seasoned experts provide comprehensive assistance, including the meticulous drafting of requisite legal paperwork. Whether navigating intricate legalities or addressing specific requirements, our team ensures a seamless process, ensuring clients are equipped with the necessary documentation for successful registration under a company structure.

• Further, Tetra Consultants will oversee the submission of applications and accompanying paperwork to the Seychelles authorities. Leveraging online platforms, the registration process is expedited, with straightforward documentation requirements. Our experts streamline this step, ensuring a seamless interaction with Seychelles authorities. With our proficiency, clients can rest assured that the registration process progresses efficiently, facilitated by our adept handling of submissions and adherence to the simplicity of documentation procedures mandated for online registration.

• Once all the documents are submitted you will be required to wait patiently as it takes 1 week for Seychelles yacht registration. Throughout the journey of registration Tetra Consultants will be the helping hand providing you the seamless experience.

• In addition to covering initial registration fees, annual tonnage fees, certificate of registry, telecommunication license, and first-year governmental fees, the registration fee is inclusive of other charges. Prior to engagement, Tetra Consultants ensure absolute clarity by transparently outlining both associate fees and governmental charges to clients.
• This proactive approach aims to eliminate any confusion, providing clients with a comprehensive understanding of the various costs involved in the yacht registration process in Seychelles. By offering this detailed breakdown upfront, Tetra Consultants foster trust and empower clients to make well-informed decisions regarding their registration requirements.

• Tetra Consultants facilitate seamless renewals for the one-year validity of the registration. Clients can rely on our efficient services for hassle-free renewal arrangements, ensuring continued compliance and uninterrupted yacht registration in Seychelles.

Minimum requirements of Seychelles yacht registration

• A resident of Seychelles who can be a registered agent or a local representative.
• Seychelles offshore company
• Special License Company
• A boat with a maximum age of 15 years
• Boats up to 25 years of age can be registered with the use of specific documentation.

For company proceeding for Yacht Registration in Seychelles in the form of an IBC will include:

• A Seychelles IBC must have at least one shareholder, who can be either an individual or a corporate body without residency requirements.
• A Seychelles IBC must have at least one director, without residency requirements.
• A Seychelles IBC must have a registered office and a registered agent in Seychelles.
• The registered agent is required who must be a licensed company in Seychelles.
• The registered office must be a physical address in Seychelles.
• No prescribed minimum share capital requirement.

Documents required for Seychelles yacht registration

• Copy bill of sale
• Copy of builder’s certificate
• Copy of valid insurance policy (and will not expire in the following three months)
• Deletion certificate from previous flag state (not applicable for newly built)
• Copy of International Tonnage Certificate (if vessel is over 24m and applying for international registration)
• Copy of all statutory and class certificates (where applicable)
• Complete form for call sign/MMSI number
• Complete the 406 MHz EPIRB registration form (if there is any onboard)
• Mortgage(s) Agreements (if any)
• Vessel to be surveyed for its seaworthiness certificate by an approved SMSA surveyor or an approved recognized organization
• Copy of minimum safe manning certificate
• An A4 photo of vessel (colour)
• Provide copy of import permit (where applicable)
• For fishing vessels, written approval from Seychelles Fishing Authority.
• Complete the radio application form and bring to Seychelles licensing authority (SLA).
• Certificates of two qualified GMDSS operators (only for fishing vessels and any vessel 300GT and above)
• For SOLAS vessels, copy of last continuous synopsis record issued by previous maritime administration.

Documents required for individual beneficial owners, directors and shareholders:

• Complete application form RS01
• Copy of passport or national identity card
• If owner is a non-resident, letter appointing resident agent (when applicable)
• Declaration of ownership (must be notarized and stamped of the notary) RS02
• Certificate of Incorporation and Memorandum and Articles of Association and Particulars of Directors (for corporations)
• Proof of authorization person to sign on behalf of the owner (where applicable)

Bareboat chartering in Seychelles

• Bareboat chartering refers to a leasing arrangement where the charterer assumes full responsibility for the operation and management of the vessel, akin to ownership, for a specified period. In the context of vessel registration, parallel registration involves registering a vessel in more than one jurisdiction simultaneously.
• For the vessel to be eligible for parallel registration under the Seychelles flag while bareboat chartered to a Seychelles-incorporated company, certain conditions must be met, likely including compliance with Seychelles maritime regulations, payment of requisite fees, and adherence to any specific requirements outlined by the Seychelles Maritime Authorities.
• Thus, it is feasible for a vessel to be bareboat chartered to a company established in Seychelles, enabling the vessel to undergo a parallel registration under the Seychelles flag, subject to meeting specific criteria. Additionally, a vessel registered under the Seychelles flag can be bareboat chartered to a foreign corporation for parallel registration under the flag of another jurisdiction, provided that the laws of that jurisdiction acknowledge and permit bareboat chartering arrangements.

Looking for Seychelles Yacht registration

• Tetra Consultants offer comprehensive services for Seychelles Yacht Registration, ensuring a smooth and efficient process for our clients. Beyond yacht registration, we provide a wide range of business solutions, including corporate bank account opening, offshore company incorporation, and nominee director and shareholder services many more. Our expertise extends to facilitating all necessary procedures, from initial documentation to ongoing compliance, allowing clients to navigate the complexities of yacht ownership with confidence. With Tetra Consultants, clients can trust in our dedicated support and tailored solutions for their maritime ventures in Seychelles.

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