Offshore Yacht and Ship Registration
Set sail into the maritime realm with our specialized guidance for offshore boat and yacht registration. We streamline the process, recommend optimal destinations, and optimize advantages for a seamless registration experience.
OFFSHORE BOAT OR YACHT REGISTRATION UNDER A COMPANY NAME
Registering your pleasure boat or yacht in an offshore jurisdiction such as the British Virgin Islands (BVI), Panama, Gibraltar, Belize, or the United States offers numerous financial and legal advantages.
Firstly, initial costs and annual renewal fees are significantly reduced. Moreover, no taxes are levied on resale, transfer, or succession transactions.
This approach also meets the requirements for confidentiality and personal asset protection. Additionally, acquiring your vessel through an offshore entity enables you to benefit from tax exemptions.
Yachts registered under the British Virgin Islands flag, displaying the prestigious Red Ensign flag with the Union Jack on a red background, receive support from the British consulate and the protection of the Royal Navy.
The British Virgin Islands (BVI) are classified as Category 1 in the maritime register. This allows for the registration of vessels up to 300 gross tons (GT) and without draught restrictions.
Beyond the financial benefits, this approach offers legal protection. Indeed, your boat becomes an unassailable asset. Furthermore, it is freely transferable when held by an offshore company. Moreover, the transfer of the vessel is easily done by selling the shares of the owning company. This avoids the need for new registration procedures.
Finally, it is worth noting that any capital gains resulting from the sale of your vessel will not be subject to local taxation.
THE MOST INTERESTING OFFSHORE JURISDICTIONS FOR REGISTERING YOUR BOAT
United Kingdom
Registration is valid for 5 years and can be done for commercial or private purposes. Additionally, the advantage lies in the processing time (3 days for the express process).
Isle of Man
Allows access to the British flag, along with ease and record registration times. Assistance service is provided to resolve any potential issues during boat registration. The same applies to obtaining certificates of compliance to ensure legal compliance.
San Marino
The San Marino Ship Registry has become an active member of the maritime sector. Indeed, registration of commercial and pleasure vessels is possible for an international audience. Moreover, registration in San Marino offers advantageous tax regimes, speed (48 hours), and a 5-year license within the European Union.
Gibraltar
Gibraltar has long been recognized as a haven for luxury yachts. Additionally, Gibraltar stands out for its advantageous tax regimes, three renowned marinas, and affiliation with the British Flag Registry. Thus, this jurisdiction offers legal recognition and compliance with international standards.
DO YOU WANT TO REGISTER A BOAT IN AN OFFSHORE COUNTRY?
Protect your assets legally by using the law to your advantage.
DOCUMENTS REQUIRED FOR OFFSHORE SHIP REGISTRATION
The documents required for the registration of a private use pleasure craft and that must be submitted with any registration application are the following:
ADVANTAGES OF AN OFFSHORE YACHT REGISTRATION
The benefits of registering a pleasure boat, yacht, or commercial vessel through offshore company formation are: