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Yachts Registration

Yachts Registration

There are an increasing number of jurisdictions available for yacht owners. Whilst the yacht registration process is very similar with common requirements to all of them, there are some individual aspects that should be taken into consideration before making a final choice.

  • Initial and on-going registration costs.
  • Eligibility for registration will depend generally on the age of the yacht and most importantly, the nationality of the individual or corporate owner.
  • Crew nationality restrictions for commercial yachts
  • Acceptability to finance entities
  • Survey requirements

There are a number of other factors that need to be taken into account when assessing the most convenient jurisdiction to complete the registration of the vessel. These include the intended use of the yacht (e.g. whether it is to be commercially or privately operated), expected operating area of the yacht or owner's nationality and domicile.

Generally we can assist with yacht registration in the following jurisdictions:

  • Gibraltar
  • Mauritius
  • Isle of Man
  • Marshall Islands
  • Guernsey
  • Delaware
  • Jersey
  • United Kingdom
  • British Virgin Islands
  • Cayman Islands
  • Belize
  • Malta
  • St. Vincent & The Grenadines
  • Cyprus
  • Seychelles
  • UAE

 

Created On  30 Jul 2011 17:38  -  Permalink

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Great Britain:

The UK is currently the # 1 choice for foreign investors wishing to settle in Europe. At this there was very many reasons:


Tax:

The corporate tax among the lowest in Europe with 21% tax on corporate profits. But that's not all tax provisions allow companies whose business is located outside British territory to maximize the tax rate as low as 7% or 5% in some cases. It should be noted that there are no other taxes other than corporation tax.

On the other hand, holding companies and holding companies will enjoy significant benefits: Under the European directive on the taxation of companies 'Mothers / daughters' dividends by the subsidiaries are fully exempted European taxation it goes on even capital gains. On the other hand, there is no tax or withholding tax on dividends distributed to non-residents, whether natural or legal persons. Finally, Britain is the country in the world that has the largest number of international tax treaties. For all these reasons the UK is the number 1 choice location for holding companies.


Social:

Payroll taxes are among the lowest in Europe, with approximately 20% of payroll and employer. On the other hand, labor law greatly favors the mobility to achieve full employment by making rules simple and flexible hiring and firing. On the other hand, for non-resident employees Brits not working in Britain, it is noted that payroll taxes are not applicable. Finally, for the Directors and officers nonresidents, payroll taxes are not applicable, the salary is paid in this case "net" of all charges and taxation in Britain.


Legal:

Liability: The liability of a Limited or LLP is actually limited to capital

Capital: Capital Limited is a £ 1,000 minimum, with the obligation to release at least 2 Books (3 euros), which is used to declare an important asset without having to fully pay.

Shareholding: For a Limited one shareholder is sufficient.

The object: All non-regulated or prohibited may be freely exercised without having to amend the articles or perform administrative declarations.

Rapidity of establishment: Build a simple and rapid Limited is without having to move, without advertising. In urgent cases a company may be registered in the same day, without requiring the presence of people.

Privacy: Britain recognizes the legal concept of nominee or nominee, which means that a company can be owned and directed either through a director nominee or through another corporation. These devices ensure the anonymity of the beneficiaries and leaders