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.