Recently, as citizens continue to explore domestic travel destinations, ocean activities have been gaining increasing momentum, which is why Maritime and Port Bureau (MPB) of the Ministry of Transportation and Communication (MOTC) Director-General Yeh Hsieh-Lung has announced that in full cooperation with the Executive Yuan's "Tribute to the Sea" initiative and to encourage the public to engage in ocean activities, the Regulations for Administrating Yachts have been amended. These changes will alter public perception of yachts as a luxury item, enable the public to obtain ownership, and reinforce Taiwan's maritime safety monitoring and search and rescue capabilities.
The MPB states that as Taiwan is a country surrounded by sea with myriad coastlines of stunningly spectacular scenery, yacht activities have always been a key focus of policy formulation and implementation. As yachts are generally expensive, costing anywhere from millions to billions, they were previously inaccessible to the general public. In light of this issue, the government will be launching a yacht co-ownership scheme soon, allowing members of the public to jointly purchase a yacht and register ownership of the vessel by appointing a legal representative and submitting documents including certificate of ownership portion and owners' IDs. Once the simple process is completed at the Bureau, property safety of the portion owners will be protected by the law, making yacht ownership and activities much more accessible for the majority of the general public.
Director-General Yeh Hsieh-Lung also stated that, to enhance the security of Taiwan's maritime domains and reinforce the maritime safety monitoring system, ships are being required to install Automatic Identification Systems (AIS) on board. As yachts not for personal use are usually utilized for engaging in business activities, plans are to require all non-personal use vessels less than 12 meters in length to install AIS. These updated provisions of the Regulations for Administrating Yachts will become effective one year after amendments are completed and promulgated in the near future.