The Seychelles Maritime Safety Administration (SMSA) was created in 2004 and is the regulatory and supervisory authority within the Ministry of Home Affairs and Transport. The SMSA is responsible for ship and yacht registration in the Seychelles.

 

The Merchant Shipping Act 1992 governs the shipping industry in the Seychelles and ships and yachts are registered under the terms of the Act.

 

Benefits of registering your Yacht in the Seychelles

  • No publication of the identities of principals
  • No taxes payable on the salaries of officers and crew of Seychelles ships which operate in international waters
  • No tax on the profits of an IBC which owns ships/yachts under the Seychelles flag and operates in international waters
  • No tax on the dividends paid by the IBC which owns ships/yachts under the Seychelles flag and operates in international waters
  • No tax is paid on the sale or transfer of a Seychelles ship/yacht
  • When registering a second ship within 12 months of the first registration, owners of ships/yachts are entitled to a 30% rebate on the second ship’s payable registration fees
  • Seychelles is a member of the United Nations, the Commonwealth, the group of non-aligned countries, the Indian Ocean Commission and the International Maritime Organisation, so ship & yachts flying the Seychelles flag will benefit from friendly treatment worldwide.

 

Some Other Useful Information

  • The age limit for registration is 15 years
  • A yacht registered in Seychelles can be left in the Seychelles for no longer than 9 months at any time, otherwise it will be treated as an import

 

Classification Societies

The present recognized and authorized Classification Societies by the Seychelles Ship Registrar are:

  • Lloyd’s Register of Shipping (LR)
  • Bureau Veritas (BV)
  • Nippon Kaiji Ryokai (NK)
  • Det Norske Veritas (DNV)
  • America Bureau of Shipping (ABS)
  • Germanischer Lloyd (GL)
  • China Classification Society (CCS)
  • Korean Register of Shipping (KR)
  • Registero Italiano Naval (RINA)
  • Russian Marine Register of Ships (RS)
  • Associates:
  • Croatian Register of Shipping
  • Indian Register of Shipping
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Yacht Registration Centre, Y.R.C

15 Agiou Pavlou
Nicosia - 1105
Cyprus

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Phone: +357 22 55 66 77
Email: Click here to send an email

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