How To Own A Yacht In Malaysia?

To establish a yacht charter business in Malaysia, you must first form a company registered online via the Company Commission of Malaysia (CCM) or SuruhanJaya Syarikat Malaysia (SSM) portal. Boats and yachts for sale in Malaysia include sailing yachts, sportfish boats, powerboats, trawlers, and more. To ensure you get the yacht of your dreams at a fair price, consider the type of yacht you prefer and contact a yacht broker near Malaysia, Asia.

Langkawi International Yacht Registry (LIYR) is a leading yachtbroker in Malaysia providing new boat sales and brokerage services throughout Southeast Asia. Northrop Johnson can help you island-hop Malaysia aboard a luxury motor boat, sailing yacht, or catamaran. Applications to register your vessel can be made online, and a boat license is required for Malaysian citizens and permanent residents. There are no license qualifications required to operate a vessel in Malaysia.

To register a yacht in Malaysia, you need to have a written contract for the transfer of ownership and the owner agreeing to transfer ownership to the applicant. Anyone can register a yacht in Malaysia, and with duty-free status in Langkawi, there is no import duty, VAT, or GST to pay. The Marine Department application forms require the following details from the applicant:

1. The registration can be done fast (1 week), usually without inspection, valid for life, all over the world, low setup fees, and can be used for private, commercial, or bareboat charters.

2. A boat owned by a foreigner in Malaysia does not require a license. However, a boat does require a license if the owner is a Malaysian citizen or a permanent resident, or if the boat belongs to a Malaysian-registered vessel.

3. Your yacht must be registered with JLM to be able to be driven anywhere in Malaysian waters. To have it registered, you would need to attend classes and take their exams (at least at COC level). If you are going to register it as your own, you will need to lulus as the chief officer.