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Learn more / Yachts and ships / Advantages
 

Advantages

Advantages of registering a vessel in the International Shipping Register of Madeira - MAR:

a) A register of high quality, credible and secure, listed in the Paris MOU white list on Port State Control;
b) European community register. Vessels fly the Portuguese flag and can access European Union cabotage;
c) All international agreements to which Portugal is a signatory are applicable;
d) The income of ships´ crew is completely exempt from the payment of any tax;
e) Flexibility relative to crew composition: only the captain and 50% of the safety manning have to be European nationals and/or nationals of an official Portuguese-speaking country (Portugal, Brazil, Angola, Mozambique, Cape Verde, São Tomé and Príncipe, Guinea-Bissau and East Timor); vessels owned by Spanish nationals are also authorised to have crew from official Spanish-speaking countries;
f) The crew and their respective employers are exempt from making social security contributions in Portugal, as long as they are covered by another social security scheme or voluntary insurance;
g) There are no nationality requirements for the owners of vessels registered in MAR;
h) Highly competitive registration and service fees; bulk discounts available;
i) Mortgages of vessels registered in MAR can be governed by the laws of a different country;
j) Access to Europe´s most competitive tax system, if the vessel´s owner is a company operating in the International Business Centre of Madeira.
 
 
 
   
 
 

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