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Strategically-located, Singapore is an internationally-renowned maritime hub. Consequently, Singapore vessel registration is an attractive choice for global ship owners seeking a stable, mature port of registration. Healy Consultants assists clients to register a vessel in Singapore and our capabilities in this field are outlined below: |
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1. |
Singapore vessel registration requires that vessels to be owned by a Singaporean citizen or by a company incorporated in Singapore. |
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Our clients chose to register a vessel in Singapore because of Singapore's excellent reputation in the shipping industry. Furthermore, Singapore is signatory to International Maritime Organisation (IMO) conventions, making Singapore vessel registration, a highly regarded choice for vessel owners. |
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The Port of Singapore is a globally-recognised shipping hub and the world's busiest according to a Channel News Asia's article, shipping more tonnage than any other port. More than 128, 500 vessels passed through the Port of Singapore in 2007 according to The Maritime and Port Authority of Singapore. |
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Before clients can register a vessel 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). |
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Post registration of a ship in Singapore, there is an annual tonnage tax that is charged 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). |
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Singapore vessel registration typically takes one to two weeks depending on the vessel type and ownership structure. |
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The profits gained from the operation of the vessel can be legally tax exempt in Singapore, as long as certain conditions are met. |
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The process of registering a vessel in Singapore is usually as follows: |
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i) |
Healy Consultants reserves the vessel name; |
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ii) |
Healy Consultants presents to the Government the documents related to ship registration in Singapore and; |
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iii) |
Healy Consultants pays the initial registration fee and annual tonnage tax on behalf of our client to complete Singapore vessel registration. |
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Singapore Vessel Registration Services |
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The information required by the Singapore Registry of Ships can make it challenging when registering a ship in Singapore. However, Healy Consultants minimises the inconvenience to owners during Singapore vessel registration through the provision of the following services: |
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1. |
Registration of pleasure vessels. |
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2. |
Registration of commercial vessels. |
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3. |
Obtaining approval for vessel's name and vessel’s official number and call sign number/signal letters.
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4. |
Appointment of an agent and manager. |
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5. |
Obtaining corporate ownership. |
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6. |
Obtaining statutory management. |
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| Contact Us | ||
To register a vessel in Singapore, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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