The register accepts ships of all types, except High Speed Craft and offers the following benefits:
The requirements for registry are common to all vessel types. The full details are in the Merchant Shipping Act but in summary a vessel may be registered in Antigua and Barbuda if the owner is either:
A public body is authorised if it is established under and subject to the laws of Antigua and Barbuda and has its principle place of business in Antigua and Barbuda, or appoints a resident agent in Antigua and Barbuda and has at least 51% of its share capital held by citizens of Antigua and Barbuda while the majority of Directors are citizens.
Creating an IBC (International Business Company) under the International Business Corporation Act or registering an external company are the two easiest and simplest ways for international shipping companies to meet the ownership requirements. There are a number of companies locally in Antigua who can assist in arranging this and in setting up bareboat charter companies in Antigua for vessels registered as chartered bareboats.