Everything You Need to Know About BVI Yacht Registration

If you are planning for a BVI Yacht Registration, then you must hire a professional registration service to comply with all the legal and regulatory aspects. You can take advantage of the overall friendly business atmosphere of BVI by easily registering yachts up to 3000 gross ton.

The Documents Needed

  • Application for registration
  • If you are registering as a company and want your yacht to be registered as a part of the company the certificate of Incorporation need to be produced
  • Certificate of Survey and Tonnage Measurement (can be done by any surveyor anywhere if he is approved by one of the 7 survey institutes)
  • If the yacht is coming off a Red Ensign Register, Closed Transcript and an extract of register is necessary
  • Declaration of Eligibility
  • Deletion of previous registration if applicable
  • Deletion of previous registration if applicable
  • Original bill of sale
  • Original builders certificate OR CE certificate
  • All documents need to be notarized
  • Even if documents are not in English, they need to translated and notarized

Who can register?

BVI yacht registrations are available to citizens of and companies registered in-

  • The BVI
  • The United Kingdom
  • UK’s Crown dependencies
  • UK’s overseas territories
  • The Organization of Eastern Caribbean States
  • The Caribbean Community
  • A member of the European Union or European Economic Area

Benefits of Company Ownership

  • Protection of asset
  • No minimum capital required
  • No disclosure
  • Ensured confidentiality and anonymity
  • A BVI company easy to maintain and operate

Conclusions

So, go for a BVI yacht registration, preferably as a company entity. Hire always professional service provider for proper guidance in the process of registration so that you can ensure regulatory and statutory compliance.

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