Yacht Ownership and Management

“Our aim is to remove the administrative burden from owners”

» Overview » Isle of Man Yacht and Ship registration » Management and Administration » Taxation and Value Added Tax » Insurance Services » Marine Finance » Technical Services » Project Management » Crew Services » Other Jurisdictions » What are the Costs? » Who to Contact » How to proceed

Yacht & Ship Registration

Our status as a Representative enables yacht and ship owners, managers and charterers to take advantage of the Isle of Man's legislation and its favourable tax regime. The Isle of Man has a long and distinguished maritime history and today is recognised as one of the most prestigious Flag states. Consequently, we primarily register yachts and ships under this jurisdiction. However, Registrations can also be made upon request in other reputable jurisdictions. Some of the key benefits for registering in the Isle of Man include:   Favourable tax treatment   No annual tonnage tax   Beneficial VAT arrangements   Security of mortgages on the Island   A Barboad (Demise) Charter Register enabling vessels to be demise Chartered registered   The prestige of the British Red Ensign and the support of consular services   A quick and efficient registration process   Political Stability in the Isle of Man is maintained (1,000 years of continuous Parliament)   Flexibility in registered ownership requirements   A one-off low initial registration fee

Classification

The Classification Societies recognised by the Isle of Man Ship Registry are:

Lloyds Register of Shipping (LR)   Germanischer Lloyd (GL)   Bureau Veritas (BV)   Det Norske Veritas (DNV)   American Bureau of Shipping (ABS)   Registro Italiano Navale (RINA)   Nippon Kaiji Kyokai (Class NK)

Back to top