Merchant shipping online management company.No ship ownership,only vessel management online.

[sailorbibin2020]

I want to start a merchant ship online Management Company which includes vessels charter booking, crew hiring, provisions and maintenance and route planning. My business will have no or 0 business in the country where the IBC will be registered. I am looking for a shelf company or if needed I am ready for a new IBC. Can someone say which jurisdiction is best for incorporating an offshore company for merchant shipping or yachts management related business.I am an EX merchant ship captain.

 

[JohnSeed]

Most of people in your business setup a company in the BVI or Panama. Anyway the same can be setup in the Seychelles at the fraction of the costs.

 

[sailorbibin2020]

I thank you for your prompt reply but what you say about marshall islands or belize??because some owners want us to do the vessel flag registration too.

 

[JohnSeed]

So I would go with Belize, most often also used for the same purpose. Things have changed a little in Belize and made it more complicated (for the underground) to setup corps there that's why I'm pointing in different ways.

Anyway, Belize is well possible and used.

 

[sailorbibin2020]

hmm but still i need to shortlist one among this-belize,seychelles,marshall islands or nevis or dominican republic or panama..

 

[JohnSeed]

okay, from waht you posted initially it is difficult to say what is the best. For instant, what are your requirements to the company, any? What is it that you are looking for an offshore corp rather than setup a local corp?

 

[sailorbibin2020]

I will be earning a share or % as commission from vessel owners and that i dont want my resident country to tax...got it..?

 

[Luganese]

Anyway the same can be setup in the Seychelles at the fraction of the costs.

How you open a bank account for that ?

 

[JohnSeed]

You have to use Transferwise or similar service to open an account for such companies.