Benefits Advantages
There are a range of advantages and benefits that owners of Tuvalu flagged vessels enjoy and these include the following::
- Special discounted fees for:
- fleet of three (3) or more vessels registered within a period of 12 months;
- vessels below the age of 15 years – discount increases for younger vessels;
- vessels above 20,000 GT and
- vessels that have excellent Port State Control record.
- Fast and convenient 24-hour efficient service, 365 days a year to facilitate owners to sail their vessels within the shortest possible time.
- Efficient telecommunications, financial and legal services readily available to owners to assist them whenever and wherever necessary.
- All applications for registration and certification can be made directly to the Registry via the owner or owner’s appointed manager.
- The Tuvalu Ship Registry has adopted the full implementation of electronic certificates thus eliminating downtime for delivery of hard copies and reducing the negative impact on the environment.
- There is no restriction on the nationality of ownership.
- There is no restriction on the nationality of officers or crew. Crew certifications issued by parties to the STCW convention are recognised.
- Zero tax for Tuvalu ships on the income of the shipping entity in respect of capital gains or profits derived from its ownership or operation, or on any dividends.
- Tuvalu is a party to the STCW convention with a reputable maritime training school providing well trained and hardworking seamen to shipowners worldwide.