The Luxemburg Maritime Flag , not known by many people is growing very
fast as one of the most
famousFlags in the World.(whilst
not being an Flag of Convenience- FOC) Although Luxemburg , centrally located in Europe , hasnot really an important harbour ,
the Government has installed the Maritime
Registry which allows Shipping Companies from all over the
World to apply for a Serious Quality Flag
whilst not being offshore. 0 Why to Choose for the Luxemburg Flag ? 0 Luxemburg is a Member of Europe and offers a quality Image and is the
cheapest Flag in Europe. Your clients like to deal with serious incorporated Maritime Operators It is More easier to compete against other Operators. Free flow into European Harbours .You can also operate
as a Bareboat Charter or run
a Ships Management
Company without Maritime
Flag . TAXES
Maritime Company Taxes
Example
New Ship owned by the Shipping
Company
0 % Example of Bareboat Charter
However this can be
reduced12 % (via appropriate structure )
Social Security contribution in Luxembourg
Social Security Contributions
Amounts Seaman Officer
EMPLOYEE
EMPLOYERS
Health insurance
Pension insurance
Accident insurance
Dependence insurance
Medical check-up
Total contribution rate 16.44%
11.48 %
Seaman OFFICER TAXES
The personal Taxation rate is :
10 % only
Value Added Tax (VAT) Article 43, al 1 i) of the Luxembourg tax code, implementing the 6th EU Directive states that services to the shipping industry shall be exempt from VAT. The following services are covered by this provision: the chartering or hiring of seagoing ships which transport fare-paying passengers or the
conducting on of commercial, industrial or fishing activities, the chartering or hiring of ships used for life saving or providing assistance at sea;
the rendering of services other than those identified above for the direct benefit of ships at sea and their cargoes.
Moreover, there is no VAT on the purchase or the resale of a ship.
First year
Euro
per Ton
Registration
Age of
the Ship
Years
Years
Years
Net tonnage
0-5
5-10
10-15
25-500
0,90
0,95
1,00
501-5000
0,85
0,90
0,95
5001-25000
0,80
0,85
0,90
25001
and over
0,75
0,80
0,85
Second year
Euro
per Ton
Registration
Age of
the Ship
Years
Years
Years
Net tonnage
0-5
5-10
10-15
25-500
0,90
0,95
1,00
501-5000
0,85
0,90
0,95
5001-25000
0,80
0,85
0,90
25001
and over
0,75
0,80
0,85
Setup Incorporation Charges
Total
Price for The Setup
of a Maritime Company in Luxemburg :
.
Description: ◘Setting of the
Incorporation ◘Memorandums Statutes ◘Notarial Filings ◘Register of Commerce ◘Filing for the Register Maritime ◘
Filing for the Social Security if applicable
We will give you the exact instructions how to proceed and which paperwork is needed in order to go ahead.
Timeframe
◘Incorporation of the Maritime company
4-6 weeks Finance
◘Leasings and Ships
FINANCE AND INSURANCE POSSIBLE
Crewing
◘A part of Your Crew can operate under low Social Sécurity Charges : (however it is not an obligation to hire the Crew under Luxemburg Social Security)