The Maritime and Port Authority of Singapore is responsible for the registration of ships under the Singapore flag. Once your ship is registered in Singapore, you can secure several benefits. The best part is that, all it takes is a few hours after the submission of the complete documents and your ship is registered right away!
However, to register your ship in Singapore you should be aware of the following pre-requisites:
For The Ship Owner
Before you start with your documentation, you should be aware that only the following can be registered as owners of Singapore vessels:
- Citizens of Singapore or permanent residents of Singapore
- Foreign or locally owned companies incorporated in Singapore
- A foreign owned company is defined as one that is operated in Singapore and has above 50% of its equity owned by Singapore citizens
- A locally owned company is defined as a company incorporated in Singapore and has up to 50% of its equity owned by another locally owned company or Singapore citizens