The procedures for ship registration or parallel (bareboat)
registration are efficient. With the submission of required
documentation, the Department of Marine Services and Merchant
Shipping provides quick response. The registration fees are
competitive with other jurisdictions and are transparent,
with no hidden costs.
The Department of Marine Services and Merchant Shipping
has further embarked on a sustained marketing and promotional
drive to attract yachts and pleasure vessels of all sizes
to its Registry. In order to ensure that sound safety and
security standards are maintained, the Department of Marine
Services and Merchant Shipping has adopted the United Kingdom’s
Maritime and Coastguard Authority Code of Conduct for Yachts.
The registration of yachts and pleasure vessels can be organized
through NMSL.
Pursuant to the Antigua and Barbuda Merchant Shipping Act
of 2006, a ship or a yacht must be owned wholly by persons
to whom one of the following descriptions applies i. Citizen
of Antigua and Barbuda; ii. Public Bodies of Antigua and
Barbuda; iii. An external company registered under the Companies
Act, 1995; iv. Authorised public bodies corporate. This corporate
body should be one that: (a).Is established under and subject
to the laws of Antigua and Barbuda; (b). Has its principal
place of business in Antigua and Barbuda; (c). At least fifty-one
percent of its share capital is held by citizens of Antigua
and Barbuda. v. A corporation registered under the International
Business Corporations (IBC) Act as qualification for permanent
registration of Antigua and Barbuda ships or yachts.
Thus prior to registration of a ship or yacht under the
Antigua and Barbuda Flag, foreign ship or yacht owners must
incorporate an International Business Corporation (IBC) or
effect the registration of an external company under the
Companies Act, 1995, which is then deemed to own the ship
or yacht for inclusion on the Register. NMSL provide these
services.
To assist in the incorporation of your International Business
Corporation for ship or yacht registration purpose kindly
download the Application Form for the Incorporation of an
IBC under the International Business Corporations Act
of 1982 for Ship & Yacht Registration, complete
form and submit to NMSL. |