Advantages of registering a vessel in the International Shipping Register of Madeira - MAR:
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a)
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a register of high quality, credible and secure, listed in the Paris MOU white list on Port State Control;
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b)
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European community register. Vessels fly the Portuguese flag and can access European Union cabotage;
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c)
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all international agreements to which Portugal is a signatory are applicable;
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d)
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the income of ships' crew is completely exempt from the payment of any tax;
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e)
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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;
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f)
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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;
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g)
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there are no nationality requirements for the owners of vessels registered in MAR;
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h)
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highly competitive registration and service fees; bulk discounts available;
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i)
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mortgages of vessels registered in MAR can be governed by the laws of a different country;
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j)
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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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