-
Ships which fly the Red
Ensign are entitled to the support of
British Consular and High Commission and
Royal Naval protection
-
Registered ownership is
permitted to citizens and companies
registered in the U.K. and all British
Territories
-
Certificate is recognized
worldwide
-
Low initial registration
fee
-
Facilitates the
registration of mortgages,
change/transfer of ownership
-
BVI is the yachting Mecca
of the Caribbean, equipped with state of
the art facilities, berths,
accommodation and services for you and
your vessel
-
The BVI is recognized as
a reputable offshore financial center
leading the world in company formation
and service
-
Political stability in
the BVI
For the BVI yacht
registration we'd suggest first to incorporate a BVI IBC with nominee
directors for this purpose, then to register the yacht in the IBC name, however
if you wish to own the yacht in the name of the BVI IBC, you must be advised
that he will not be able to charter the vessel to persons resident in the BVI.
Following is information on the subject of yacht registration in the BVI:
NOTE: During the registration
process, we suggest that a representative of our office in the British Virgin
Islands be appointed a director or power of attorney holder of the British
Virgin Islands company so that the beneficial owner has the legal capacity to
inspect and take possession of the vessel on behalf of the company, in the
country where it is lying, while our office has the legal capacity to prepare
and file all documentation with the Registrar of Shipping in the British Virgin
Islands. Once the registration of the vessel is completed, the representative
from our offices will resign as a director or power holder. Neither the vessel
nor the beneficial owner need ever visit the British Virgin Islands.
The registration procedure is
as follows:
1. Clear the name of the
vessel. For this we need:
Proposed name
-
Registry where vessel is currently
registered or name and address of yard where the vessel is being built
-
Name under which vessel is
currently registered, if applicable
-
Nationality of current registry, if
applicable
-
Port at which vessel is lying, if
applicable
-
Approximate tonnage
-
Method of Propulsion
-
Proposed trade of vessel (pleasure,
fishing, etc.)
-
Proposed date
Name clearance will be a matter of
two to three days.
2. Upon clearing the name we
shall need:
a. Original builder's certificate
with descriptive details of the vessel and clearly showing the name of the
company on whose account the vessel has been built.
b. Notarized bill of sale from last
registered owner to present owner, if applicable.
c. Notarized bill of sale from
present owner to BVI company.
d. Declaration of Ownership on
behalf of Body Corporate (prepared and signed by our representative of the
company in the British Virgin Islands).
e. Original ad measurement survey
certificate done for British Registration. Qualified organisations for
purposes of this survey are:
LLYODS REGISTER OF SHIPPING
AMERICAN BUREAU OF SHIPPING
BUREAU VERITAS
GERMANISSHER LLOYD
NORSKE VERITAS
3. Upon receipt of the ad
measurement survey documents, the Registrar of Shipping will issue a Ships
Carving and Marking Note. The vessel must then be inspected by any of the
following officials:
1. A British Department of Trade
and Industry official
2. A Lloyds Register of Shipping Surveyor
3. An Officer of the British Customs and Excise not below the rank of
Assistance Officer.
4. A British Consul or Vice Consul
who will complete and sign the
certificate and return it to the company for filing with the Registrar of
Shipping. Registration documents will then be issued.
4. In the case of a boat that
has been registered at a British Port the only documents required are as
follows:
1. Close Transcript from the
current Port of Registry
2. Power of Attorney authorizing one of our office staff to register the boat
3. Bill of Sale
We can also arrange for marine
telecommunications operating licence(s) and ships station licences if requested.
Concerning the temporary
authorisation to use a British flag, once the ad measurement survey is
completed, the Registrar of Shipping may issue a provisional certificate of
registration ("Terminable Certificate") upon request.
5. Cost
One time co ordination of vessel
registration US$ 2,000
+ BVI company (from $999) check details here
Annual vessel licence fee 180.00
Annual registration fee 100.00
The foregoing includes government
charges. Out of pocket expenses, courier costs and extensive telephone/fax
communications may be additional.
6. Timing. The complete
process, assuming that documents are readily provided in good order, should take
approximately one month.
7. The owner of the vessel
must be a BVI company.
8. The vessel may not exceed
500 tons.
Through the formation of a British Virgin Islands IBC, any boat, irrespective of
the nationality of the maker or owner, may be registered on the beautiful island
of Tortola. The BVI IBC which will own the boat may either have the true owner
officially registered as both a Director and Shareholder of the company or, for
maximum privacy and confidentiality, the company may be registered with a
Corporate Nominee Director and issued with Bearer Shares.
Where the latter option is chosen, the true owner's name does NOT appear in any
official documentation yet he may still retain full management of the company
and any corporate bank accounts, offshore or otherwise, by way of a Power of
Attorney which is provided.
Delaware Yacht Registration
To register your boat in Delaware, you
must incorporate a Delaware LLC first.
Check here details.
ADDITIONAL SERVICES FOR BOATS:
1. State of
Delaware Boat Registration - our fee - $335.00
State fee - The vessel registration fee will depend upon the length of the
vessel and whether the client would like a 1 year or 3 year registration.
