We take care of the entire registration process of your commercial ship or recreational yacht in the International Shipping Register of Madeira - MAR:
- Registration of ships;
- Registration of commercial and pleasure yachts;
- Legal representation of ships and yachts;
- Certification of seamen.
NEWCO takes care of the entire registration process of your commercial ship or recreational yacht in the International Shipping Register of Madeira – MAR. We handle the registration of ships as well as the registration of commercial and pleasure yachts, we provide legal representation of ships and yachts and request the certification of seamen.
Types of ships
The following commercial vessels can be registered in MAR:Cargo ships (bulk cargo carriers, general cargo carriers and container ships), passenger ships (cruise ships and "ro-ro" ships), barges, tugboats and other assistance-providing vessels and platforms/Rigs (Stationary and Floating). Fishing boats are not permitted.
Registration of ships and yachts
There are various advantages of registering a vessel in the International Shipping Register of Madeira – MAR. It is a register of high quality, credible and secure. Vessels fly the Portuguese flag and can access European Union cabotage. All international agreements to which Portugal is a signatory are applicable.
Advantages for crew members
The income of ships´ crew is completely exempt from the payment of any tax. Furthermore, 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. If the crew members are Portuguese or resident in Portugal, they shall be subject to obligatory registration under the Portuguese general social security system with a contribution rate of 2,7%, 0,7% being paid by the crew member and 2% by the employer. It should be stressed that, according to Portuguese law, crew members onboard ships at the service of entities resident in Portugal, are deemed to be resident in Portugal for tax purposes.
Advantages for shipowners
There are no nationality requirements for the owners of vessels registered in MAR and there is 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.
The registration and service fees are highly competitive and there are bulk discounts available.