Worldwide Boat & Yacht Registration

Worldwide Boat & Yacht Registration

When you purchase a motor or sailing vessel it is very important to decide on the best suitable country to register / flag your yacht. There are many different countries that offer a favourable registration but each of them has pros and cons. It is important that you understand these before deciding on were to register. When you decide on a country to be registered, the vessel is subject to the laws of the country of registration. It is therefore important that the flag state you have registered offers the conveniences that you need.

There are several things to consider who deciding on a country / flag to register your yacht.

  • Reputation – The reputation of a flag can be felt when a vessel arrives at a foreign port. Vessels registered in countries of higher reputation will find that they have less hassle, inspections and even will usually have lower insurance premiums.
  • Taxation on Purchase – When deciding on a country of registration, taxation is an important deciding factor. In some cases you can avoid VAT, sales tax, import duties and other taxes on the purchase of your yacht.
  • Taxation on Crew – The absence of income tax, corporation tax or other taxes can also be a deciding factor in selecting a country to register. If you register in a flag state that offers the crew to be paid with no income tax and/or social security tax, it can be very rewarding for both the crew as well as the owner of the vessel.
  • Taxation on Charter Income – Registering a vessel in a jurisdiction that does not charge any taxes on your charter business income can aso be a deciding factor.
  • Privacy – Some vessel owners consider privacy and confidentiality to be high on their list and will want to register in a country that protects both of these by law.
  • Maritime Law – This can also be a deciding factor, especially for mortgaged vessels since a lender will usually fly mortgage a vessel that has its jurisdiction in a country with a very reputable maritime law. If not the lender would have no protection in the case of repossession.
  • Assistance – When visiting a foreign port it is important to have a local assistance from your flag country in the event of passport issues, medical problems, a death, crew repatriation, crew replacement or dealing with local authorities.
  • Protection – Protection can be provided by military vessels of the flag state. Most flag state countries navy are not equipped to offer any protection outside their own coastal waters. Larger flag states usually have a large navy who can offer protection around the world.
Yacht Registration Under The Dutch Flag

Netherlands

  • Low set-up fee of 299 Euro
  • Valid for all EU countries
  • Valid for all EU waters
  • Also for non EU Citizens
  • Registration in just 3 days
  • No yacht inspection needed
  • No Maritime restrictions
See Details

Belgium

Belgium

  • Low set-up fee of 399 Euro
  • Valid Worldwide
  • Also for non EU Citizens
  • Registration in just 2-6 weeks
  • No yacht inspection needed
  • No Maritime restrictions
  • White listed with good reputation
See Details

Delaware

Delaware

  • Low set-up fee
  • Valid Worldwide
  • Valid for Non-US citizens
  • Registration in 2 weeks
  • No yacht inspection needed
  • No Maritime restrictions
  • Maritime offices around the world
  • Flag jurisdiction with good reputation
See Details

Yacht Registration under the Cyprus Flag

Cyprus

  • Low registration cost
  • No tax on profits from the operation
  • No income tax on the wages of crew.
  • Favourable tonnage tax scheme.
  • No stamp duty on ship mortgage.
  • Maritime offices around the world.
  • Mortgage protection.
See Details

Yacht Registration in Malta

Malta

  • Low registration cost
  • Fast registration in 2 days
  • Full protection for financiers and mortgagees
  • No tax on profits from the operation
  • No income tax on the wages of crew
  • Flag jurisdiction with good reputation
See Details

Yacht Registration under the United Kingdom Flag

United Kingdom

  • Low registration cost
  • Fast registration in 2 days
  • Mortgage protection for lenders
  • No tax on profits from the operation
  • No income tax on the wages of crew
  • Flag jurisdiction with good reputation
See Details

Yacht Registration under the Cayman Islands Flag

Cayman Islands

  • Tax free offshore jurisdiction
  • No nationality restrictions of crew
  • Mortgage protection for lenders
  • Reputable flag jurisdiction
  • British consular and navy assistance
  • Offices around the world
See Details

Yacht Registration under the British Virgin Islands Flag

British Virgin Islands

  • Low registration cost
  • Mortgage protection for lenders
  • On OECD white list
  • Anonymous yacht ownership possible
  • British consular and navy assistance
  • Flag jurisdiction with good reputation
See Details

Yacht Registration under the Cook Islands Flag

Cook Islands

  • Entitled to British consular support
  • No survey if under 24 M
  • Fast 3 day registration
  • No company formation needed
  • Under British maritime protection
  • Fees include MMSI and call sign
See Details

Yacht Registration under the Marshall Islands Flag

Marshall Islands

  • White listed with good reputation
  • No tax on profits from the operation
  • Available for all yachts over 12 M
  • Around the clock maritime support
  • Maritime offices around the world
  • Mortgage protection for lenders
See Details