While owning a Yacht is quite onerous, having it registered in Mauritius is very cheap tax-wise! Some of the advantages of having your ship registered in Mauritius are listed as follows:
- The ship’s crew is exempted from income tax in Mauritius;
- No restrictions on the nationality of the crew and work permits are not required;
- Exemption from tax on freight earnings;
- No capital gains tax payable upon sale or transfer of a ship or of the shares in a shipping company;
- No estate duty payable on the inheritance of shares in a shipping company;
- Dividends free of withholding tax when paid from the Mauritius shipping company;
- Exemptions from customs and excise duties on ship’s stores, consumables, spare parts and bunkers; and
- Mauritius has ratified most of the international conventions on maritime safety, prevention of pollution and training and certification of seafarers.
Acutus provides ship registration services along with all collateral services surrounding the activity. We also provide you with the different solutions and possibilities for the registration of ships in Mauritius.
