Register a ship in Singapore

Singapore is one of the world's leading shipping centres due to its ideal location and is supported by a wide range of related industries. Healy Consultants can assist our clients to register a ship in Singapore and the following will help you determine whether Singapore ship registration is the optimum solution to fulfill your international business objectives.

The process of registering a vessel is usually as follows: i) Healy Consultants reserves the vessel name ii) Healy Consultants presents to the Government the documents related to ship registration in Singapore and iii) Healy Consultants pays the initial registration fee and annual tonnage tax on behalf of our client to complete Singapore ship registration.

Singapore ship registration requires that vessels to be owned by a Singaporean citizen or by a company incorporated in Singapore.

Clients choose to register a ship in Singapore because of Singapore's good reputation in the shipping industry. Furthermore, Singapore is signatory to International Maritime Organisation (IMO) conventions, making Singapore ship registration a highly regarded choice for vessel owners.

The Port of Singapore is a globally-recognised shipping hub and one of the world's busiest ports. The Maritime and Port Authority of Singapore attracts an average of 140,000 vessel calls per year.

Before clients can register a ship in Singapore, a tax is levied according to the vessel's tonnage. The fee is S$2.50 per Net Ton (NT) to the nearest ton subject to a minimum of S$1,250.00 (500 NT) and a maximum of S$50,000 (20,000 NT).

Once a ship is registered in Singapore, it is subject to an annual tonnage tax. The annual tonnage tax is at a rate of S$0.2 per Net Ton (NT) to the nearest ton subject to a minimum of S$100 (500 NT) and a maximum of S$10,000 (50,000 NT).

Clients who wish to register a vessel in Singapore should allow one to two weeks as registering a ship in Singapore depends on vessel type and ownership structure.

Provided certain conditions are met, all revenue gained from the operation of the ship following Singapore vessel registration is legally exempt from Singapore tax.

The information required by the Singapore Registry of Ships can make ship registration challenging. However, Healy Consultants minimises the inconvenience to vessel owners during Singapore ship registration.

Registration of commercial vessels.

Registration of pleasure vessels.

Appointment of an agent and manager.

Obtaining corporate ownership.

Obtaining approval for vessel's name and vessel’s official number and call sign number/signal letters.

For more information on Singapore ship registration, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.

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