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Madeira

Advantages of registering a vessel in the International Shipping Register of Madeira - MAR:

a) A register of high quality, credible and secure;

b) European community register. Vessels fly the Portuguese flag and can access European Union cabotage;

c) All international agreements to which Portugal is a signatory are applicable;

d) The income of ships´ crew is completely exempt from the payment of any tax;

e) Flexibility relative to crew composition: only 30% of the safety manning have to be European nationals and/or nationals of an official Portuguese-speaking country (Portugal, Brazil, Angola, Mozambique, Cape Verde, São Tomé and Príncipe, Guinea-Bissau and East Timor); vessels owned by Spanish nationals are also authorised to have crew from official Spanish-speaking countries;

f) Crew members and their respective employers are exempt from social security contributions in Portugal, provided they are covered by another social security system or voluntary insurance policy that covers illness, occupational illness and parenthood;

g) There are no nationality requirements for the owners of vessels registered in MAR;

h) Highly competitive registration and service fees; bulk discounts available;

i) Mortgages of vessels registered in MAR can be governed by the laws of a different country;

j) Access to Europe´s most competitive tax system, if the vessel´s owner is a company operating in the International Business Centre of Madeira.

CONTACTS

Contact us to find out more about these advantages

 

Madeira
Tel.: +351 291 210 200               
Fax.: +351 291 210 209
info@newco.pro

Malta
Tel.: +356 21 223 120
Fax.: +356 21 223 119
info@newco.pro

Madrid
Tel.: +34 654 201 029
info@newco.pro

Lisboa
Tel.: +351 213 430 500
info@newco.pro

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