Turkish Ship Registry Procedures and Compliance are regulated by the Ministry of Transport and Infrastructure. Türkiye’s maritime sector operates under strict regulations. Whether registering a cargo or passenger ship, changing ownership, or applying for financial leasing, all transactions must comply with MGS (National Ship Registry) and TUGS (Turkish International Ship Registry) regulations.
This article provides an overview of Turkish Ship Registry Procedures and Compliance, including lease agreements, chartering, mortgage registration, and regulatory requirements in Türkiye.
Ship Registration and Compliance in Türkiye
Individuals and legal entities operating ships for cargo and passenger transportation in Türkiye and international waters can digitally submit their applications via the Umurbey Citizen Portal (Umurbey Portal).
Key Turkish Ship Registry Procedures and Compliance Steps
- Ship Name Registration & Change
- New Ship Registration in MGS or TUGS
- Transfer of Ship Registration (MGS to TUGS and vice versa)
- Ship Ownership Transfer (Inheritance, Donation, Court Decision)
- Ship Lease & Chartering Agreements
- Mortgage & Financial Leasing Contracts for Ships
- Foreign-Flagged Ship Registration in Türkiye
- Bareboat Charter Registration & Return to Turkish Flag
- Ship Sale & Removal from the Turkish Registry
For shipowners, logistics companies, and maritime investors, ensuring full compliance with Turkish maritime laws and tax regulations is crucial.
Ship Lease, Chartering, and Mortgage Registration
1. Ship Lease and Chartering in Türkiye
Leasing a ship or bareboat chartering requires proper registration with MGS or TUGS. The lease agreements must be recorded in the ship registry and later terminated when the contract expires.
2. Ship Mortgage and Financial Leasing
A ship mortgage agreement must be registered in the Turkish ship registry, ensuring legal protection for lenders and investors. Financial leasing contracts must also be properly recorded to ensure regulatory compliance.
Tax and Regulatory Compliance in Turkish Ship Registry
- Ship registry tax regulations apply to all transactions.
- Foreign-owned ships must meet Umurbey Citizen Portal application requirements.
- Ships leased or chartered for international operations must comply with maritime tax incentives in Türkiye.
For expert assistance in ship leasing, mortgage registration, financial leasing, and compliance consulting, Özbek CPA offers tailored services.
Conclusion
Türkiye’s ship registration system ensures full compliance with international maritime laws and reflects the country’s commitment to a robust regulatory framework. By following the Turkish Ship Registry Procedures and Compliance requirements and utilizing the Umurbey Citizen Portal, shipowners and operators can streamline leasing, registration, and tax processes.
For further details or professional assistance with ship compliance, financial leasing, or maritime tax consulting, contact Özbek CPA today.
