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Offshore Glossary
Terms & Cond.

Incorporate in Delaware or Nevada for top-notch privacy and lowest taxes possible within the limitations of U.S. law. Nevada and Deleware have the benefits of pro-business legislation and a long history as a tax haven. Incorporate in Nevada, Delaware or any other U.S. state at some of the best rates available anywhere. Just email us to get started. (Note: if you are not a U.S. resident we can assist you step-by-step in obtaining the EIN you will need for doing business or opening a bank account in the U.S.)

Why Register In the BVI?

  • You can register your vessel from anywhere in the world. Neither you nor your yacht must come to the BVI.
  • You don't need to carry a British Passport for your ship to carry the Red Ensign. If you are not a citizen of the U.K. or a British Territory, you can still fly the Red Ensign by registering it under your BVI company which we can form for you.
  • Ships which fly the Red Ensign are entitled to the support of British Consular and High Commission and Royal Naval protection
  • The British Virgin Islands certificate is recognized worldwide
  • Low initial registration fee
  • Having a British Virgin Islands registration facilitates the registration of mortgages, change/transfer of ownership
  • The British Virgin Islands are recognized as a reputable offshore financial center leading the world in company formation and service
  • The British Virgin Islands are politically stable and will remain so for the indefinite future.

Party
Vessel Registration Charges*
BVI Company Formation
New Registration
No Mortgage
New Registration
w/Mortgage
Transfer of Ownership
No Mortgage
Transfer of Ownership
w/Mortgage
Seller*
n/a
n/a
US$ 825
US$ 1,450
n/a
Buyer**
US$ 2,600
US$ 3,500
US$ 1,500
US$1,950
US$990***
We can handle the process for the buyer, the seller (transfers only) or for both.

* Includes shipping.
** Includes shipping. Assumes that you are able to provide required documentation. Does not include cost of seller-provided documentation.
*** Plus Shipping. This $70 savings applies only in conjunction with ship registration.

Please contact us to discuss your requirements.

New Registration

Document Checklist For New Registrations

  • Proposed Name of Vessel
  • Original Bill of Sale
  • Certified True Copy of Certificate of Incorporation
  • Builder Certificate
  • Certificate of Survey / Tonnage Certificate
  • Certificate of Good Standing (if Buyer's company is more than 6 months old)
  • Closed Transcript (if vessel is registered in another British jurisdiction)
  • Deletion Certificate (if vessel is registered in non-British jurisdiction)
  • Certified True Copy of passport copy of director/beneficial owners (from Buyer)
  • Signed Copy of Register of Director (if owned by a company)
  • Signed Copy of Appointment of Director (if owned by a company)
  • Appointment of Authorised Officer (We will provide. You are to sign & seal)
  • Appointment of Authorised Representative (We will provide. You are to sign & seal)
  • A declaration of the purpose & use of vessel (We will provide sample. You are to complete and sign)

Additional Document For New Jurisdiction Registrations
If your vessel was formerly registered in a jurisdiction but was deregistered by the current or former owners, you will need an affidavit from the former owners attesting to that fact. This registration will be handled as a new registration and requires the affidavit in addition to the other documents required for a new registation

Document Checklist For Registering Of Mortgage if vessel is mortgaged
(These documents are required before registration)

  • Original Mortgage
  • Certificate of Good Standing (if purchased by a company)
  • Certified True Copy of Certificate of Incorporation (if purchased by a company)
  • Certified True Copy of passport copy of director(s) and beneficial owners

Change of Ownership/ReRegistration

Document Checklist For Re-registration

  • Original Bill of Sale (that the Seller received when he purchased the vessel)
  • New Bill of Sale (that you received from the seller when the buyer purchased the vessel)
  • Certified True Copy of Certificate of Incorporation (from Buyer)
  • Builder Certificate (from Seller)
  • Certificate of British Registry (from Seller)
  • Survey Documents (from Seller)
  • Certificate of Good Standing (from Seller & Buyer)
  • Transcript of Registry (from Seller)
  • Certified True Copy of passport copy of director/beneficial owners (from Buyer)
  • Signed Copy of Register of Director (from the buyer)
  • Signed Copy of Appointment of Director (from the buyer)
  • Appointment of Authorised Officer (We will provide. Buyer is to sign & seal)
  • Appointment of Authorised Representative (We will provide. Buyer is to sign)
  • A declaration on purpose & use of vessel (We will provide sample. Buyer is to sign)

Seller's Document Checklist For Registering Mortgage Release if vessel was mortgaged.
(These documents are required before registration)

  • Original Mortgage Release.
  • Certificate of Good Standing.

Buyer's Document Checklist For Registering Mortgage Release if vessel was mortgaged.
(These documents are required before registration)

  • Original Mortgage.
  • Certificate of Good Standing. (if purchased by a company)
  • Certified True Copy of Certificate of Incorporation. (if purchased by a company)
  • Certified True Copy of passport of director/beneficial owners.

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Administration for multiple owners.

Purchasing, owning and renting yachts and rental properties to others on a condominium basis can seem to be more trouble than it is worth. Combining ownership of an offshore company with an offshore account for each owner in your group and using our administrative services will ensure that your registration will always be up to date and your profits are promptly and properly distributed. We're here to help. Let us know what is on your mind.


No two situations are the same.

When structuring your business and personal life, your needs don't always have a cookie-cutter solution. Let's discuss your situation and we'll see if we can help you. It never hurts to ask. Contact our consultants with your questions.

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