Trading and tourism are two of the most important sectors of the Singapore economy. These have a significant contribution to the Gross Domestic Product of the city state; however, this is not the only common treat they have in common. Singapore some of the largest ports in Southeast Asia and trading companies rely on the merchandise brought into the country on the water. Tourism also benefits a lot from the yachts and other pleasure boats rented by tourists. In order to be able to own boats or yachts, Singapore companies and citizens must register these vessels with the Registry of Ships.
Boat and yacht registration are allowed under certain conditions in Singapore. Our company formation consultants in Singapore can offer full information on the boat/yacht registration process.
Not everybody is allowed to register a ship in Singapore. The following categories of applicants are accepted by the Singapore Ship Register:
In the case of foreign owned companies, the following requirements apply:
Our Singapore company formation specialists can assist foreign investors who want to set up companies and register their boats here.
The following steps must be completed by Singapore companies or other applicants when registering a yacht or a boat in the Lion City:
The following documents must be prepared and filed with the Singapore Ship Registrar upon the registration of a vessel:
Please note that other documents could be requested depending on the type of boat to be registered. For more information on the ship registration process, please contact our Singapore company formation agents.