Can You Register a Yacht in the Seychelles?

14 February 2023

In short, yes, it is possible to register a yacht in the Seychelles. The Seychelles is a popular jurisdiction for yacht registration due to its favorable tax laws, strong maritime infrastructure, and reputation for safety and security. However there are a few key areas which are worth taking into account which will guide you through in this article.

The Seychelles Yacht Registry (SYR)

The Seychelles Yacht Registry (SYR) is the government body responsible for registering yachts in the Seychelles. The SYR offers both commercial and pleasure yacht registration, and the registration process is relatively straightforward.

Registration Process

To register a yacht in the Seychelles, the owner must be either a Seychelles citizen or a Seychelles company (IBC or domestic). The easiest way to register a yacht is through the registration of a Seychelles company IBC due to its simplicity and cost efficiency. The owner must first appoint a local agent who will assist with the company registration process and then apply for the yacht registration. The yacht must then be inspected by a surveyor to ensure that it meets the SYR's safety and construction standards. The owner must also provide various documents, such as the yacht's bill of sale, proof of ownership, and a certificate of survey.

Documents and Certificates

Once the yacht is registered, it will be issued a Seychelles ship registration certificate, which serves as proof of ownership. The yacht will also be issued a Seychelles flag state compliance certificate, which confirms that the yacht meets international safety and environmental standards.

Is this of interest to you?

It's worth noting that the Seychelles has a reputation as a "flag of convenience" and as a tax haven, therefore, it is advisable to seek legal advice before proceeding with the registration process. Then once you are ready and wish to register your company in the Seycheleles, this is an area which SFM are experts in and are best equipped to help you with this.

In conclusion, registering a yacht in the Seychelles is possible and it can offer several benefits to yacht owners. However, it is important to ensure that you have the right legal and financial support and that you are aware of the regulations and laws of the country before proceeding with the registration process.

If you are looking for further advice or if you are looking to register a company online, SFM corporate services can help guide you along the way. When you choose to work with us we give you access to a dedicated SFM agent who will provide all of the support you need. If you have any questions or require any further information, you can get in touch here.

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