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​Why Register In Madeira?



MAR - The International Shipping Register of Madeira, was created within the framework of an attractive International Business Centre (IBC) , provides Madeira with an important role in the shipping world. Knowing that operational costs are a critical factor in the shipping business, MAR has become a credible and competitive alternative compared to other international registers, maintaining the quality levels and the safety culture of an E.U. Shipping Register.

 

 

Advantages of registering a vessel in MAR

 

 

  • EU register with full and unrestricted access to navigate in EU waters.

  • A register of high quality, credible and secure.

  • The yacht-owners are not required to have their head office in Madeira. It is sufficient to have local legal representation.

  • Low taxation.

  • The yacht does not have to sail to, or be moored in, Madeira. MAR may delegate to Classification Societies, or to other recognised entities, the undertakingof certain tasks and recognise the certificates issued by these Societies.

  • No citizenship requirements for the crews of commercial yachts registered in MAR.

  • Speed and efficiency of registration.

  • Flexible social security regime for the crews of commercial yachts.

  • Flexible mortgage system, allowing the mortgagor and the mortgagee, by written agreement, to choose the legal system of a particular country that will govern the terms of the mortgage.

  • Reduced costs of registration.

  • Highly competitive registration and service fees; bulk discounts available

Registration of Ships

 

Types of Ships

 

The following commercial vessels can be registered in MAR:

 

  1. Cargo Ships (bulk cargo carriers, general cargo carriers and container ships)

  2. Passenger Ships (cruise ships and "ro-ro" ships)

  3. Barges

  4. Tugboats and other assistance-providing vessels

  5. Platforms/Rigs (Stationary and Floating)

 

Note: Fishing boats are not permitted.

 

 

Types of Registration

  • Permanent Registration

  • Temporary /Dual Registration under a bareboat charter

 

 

Registration of Yachts

 

Types of Yachts

 

The following yachts can be registered in MAR:

 

  1. Pleasure yachts

  2. Commercial yachts (used for commercial purposes)

 

Current terms and conditions:

 

a) Minimum length - 7 metres

b) For pleasure yachts - maximum capacity: 12 people

c) For commercial yachts - maximum number of passengers: 12

 

 

 

 

Classification Societies

 

List of Classification Societies recognised by Portugal:

 

  • Lloyd´s Register of Shipping (LRS);

  • Germanischer Lloyd (GL);

  • Det Norsk Veritas (DNV);

  • Bureau Veritas (BV);

  • American Bureau of Shipping (ABS);

  • Nippon Kaiji Kyokai (NKK);

  • Registro Italiano Navale (RINA);

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