Offshore Solutions

Where to Register

Registration is one of the most important aspects of yacht ownership as the Registry provides proof of title, it offers the security of mortgages to the Banks and to a potential buyer, it confirms that the yacht is free from any encumbrances.

Each flag state has different regulations in place thus offering different advantages or disadvantages depending on each circumstance. Fidelitas Corporate can help you identify a flag jurisdiction that best suits your requirements. We ensure that the correct procedures are followed and the right forms are submitted for registry.

Yacht Ownership

Fidelitas Corporate can offer a full range of corporate and trust services in every key offshore jurisdiction. Corporate and trust ownership can provide several benefits which include:

• Asset Protection through limited liability
• Flexibility. When selling the yacht by transferring shares of the company. Permits fractional ownership
• Confidentiality. Ownership via a trust or shares held in Declaration of Trust
• Tax Mitigation through: Avoidance of transfer taxes upon sale, Avoidance of Inheritance Tax and Corporate tax exemption on chartering income.

How long does it take to register a yacht?

This varies according to the ownership structure; the flag of registry; the type and location of the vessel and the type of registration required.

However, as an indication, pleasure vessels can normally be registered 2 working days and in 2 weeks for commercial yachts and ships in some jurisdictions.

Do I have to pay VAT?

Value Added Tax is chargeable on all vessels purchased and owned by residents of the EU in some jurisdictions (like Isle of Man). VAT is, then,  also chargeable on vessels, irrespective of ownership, which spend more than 6 months in any calendar year cruising in EU waters.