Company
- A Non-EU jurisdiction following Brexit.
- Should a UK company be used for a charter yacht, consideration should be given to Corporation Tax on any profits earned.
Ports of Registry
- Non-EU status.
- 114 ports of registry, London being the most widely used.
- Unlimited tonnage and age of vessel.
- Original 5-year chain of title is required for ‘Private Pleasure’ registration (if difficult to obtain then an IOM port is a possible alternative).
- EU or EEA companies are qualified for registered ownership.
- Citizen of a EU member state exercising their rights under articles 48 or 52 of the EU Treaty in the UK are qualified for registered ownership.
- 3 month non renewable Provisional Certificate of Registry available and priority processing fees for speedy processing (sometimes suspended during busy periods).
- 5 year renewals of Certificates of Registry. No annual taxes.
- Names can only be reserved with application and registration fee.
- UK representative required for yacht owned by non UK company or person.
- MCA compliance surveys conducted by Ensign (MCA Large Yacht unit) for over 24m or Classification Society for under 24m.
- Yachts may transfer in from another British port without a new tonnage survey provided copy of ITC69 is provided.
- Yachts may register with a British Deletion Certificate within 1 year without a new tonnage survey provided copies of last survey certificates are available.
- Radio licences and Inmarsat commissioning available at any time prior to registration.