Shipping Companies

Ship registration and mortgaging are regulated by the Mauritius Merchant Shipping Act 1986 and the Mauritius Shipping (Amendment) Act 1992 which have been largely modelled on the British Merchant Shipping Act which is well-tried and respected worldwide. The registration procedures involve the formation of a GBC1 Company licensed by the Financial Services Commission and the Registration of the vessel itself with the Ministry of Trade and Shipping. Present day shipping activities include ship owning, bare-boat chartering and the operation of ships in international waters. Vessels of any type may be registered in the Mauritian Register of Ships. Registration may be initially provisional, permanent or parallel.

Benefits of registering a ship in Mauritius

  • Proper legal environment, based on English common law.
  • Low income tax rate (maximum of 3%) and access to double taxation agreements.
  • No tax on freight earnings, no withholding tax on dividends, no capital gains tax upon the sale or transfer of a vessel or of the shares in a shipping company, no estate duty payable on the inheritance of shares in a shipping company.
  • Professional services such as local directors, nominee shareholders, company secretary, registered office, accounting and tax services are readily available from Premier for the company owning the ship.
  • There is no income tax for all personnel working on board the vessel and no restrictions on the nationality of the crew.
  • Membership to most of the international conventions on maritime safety.
  • Ship's stores, consumables, spare parts and bunkers are exempted from customs and excise duties.
  • Low registration costs, reasonable annual fees.
  • Appropriate Sanitary Certificates as required may be issued

Owing to the above benefits, ship-owner companies will find a Mauritius Flag as highly beneficial Premier can assist you with the registration and cost effective management of your vessel. Mauritius has positioned itself as an ideal location for such services and below are the benefits that Mauritius offers. Premier Professional Services to Shipping Companies

Premier Financial Services Limited provides the following services with respect to the activities of the Shipping Companies:

  • Advice and formation of the Shipping Company
  • Application and Renewal of Shipping Registrations
  • Provision of registered office address.
  • Provide professional directors and qualified secretary in Mauritius.
  • Open bank account.
  • Preparation of quarterly accounts and filing with the authorities (if required).
  • Prepare and file tax returns (if required).

If you require an Offshore Company or need an advice for your needs, please call our Expert Team who can assist you with your requirements. You are invited to call us at (230) 245 6703. You may send your enquiries by email: or by fax at (230) 245 6704.