Yacht and Ship Registration

There are many advantages to having your vessel registered offshore.

• Tax Free Profit

  If the vessel is operating commercially and is registered through an offshore company, it’s profits will be tax free – No corporation Tax offshore.

• No Import Duty

  There is no Import Duty for the vessel, when the owner is non-resident in the country of registration.

• Avoid VAT

  Profits are VAT free and even some charters avoid the need to apply VAT.

• Protection from Debts of Sister Ships

  By registering each ship in a fleet through a different offshore company, each vessel is protected from accrued debts and seizure from creditors by their unassociated ownership.

• Category 1 British Port Registration

  The vessel will fly the prestigious Red Ensign and as such will be entitled to the protection of the Royal Navy.

• NO VAT when purchasing or selling your vessel

  There are some exceptions to this rule and our advisors will discuss this with you.

• Reduced Annual Tonnage Tax

  Most of the offshore jurisdictions have reduced Annual Tonnage Tax.

• Annual Surveys not always required

  In some offshore jurisdictions it is not always required to have the vessels surveyed annually.

• Skipper does not have to have Mariners certificate

  There are some exceptions to this rule, but pleasure yachts under 80 GRT are exempt from the Skipper requiring a Mariners certificate.

Our services include the following:

• Registration of a Pleasure Yacht
• Provision of Tonnage Plate and Red Ensign
• Annual Renewal
• Application for Radio License
• Annual fee for Radio License
• Accounting Authority
• Annual Administration

Prices and jurisdiction information available on request.