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Yacht & Ship Registration

Australia-Offshore is a leading provider of bespoke yacht and ship registration and management services in Australia.

Australia-Offshore is a leading provider of bespoke yacht and ship registration and management services in Australia.

Taxation and Value Added Tax

Purchasing a yacht is a major acquisition which requires careful planning and with our assistance, our team can guide you through this process.

Australia-Offshore provides a variety of tailored structures for clients looking to purchase a yacht that will minimise or even eliminate the effect of VAT. We have immediate access to a large network of legal, tax, financial, insurance and wealth management specialists to help plan and maximise your investment.

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Where to Register?

Registration is one of the most important aspects of yacht ownership as the Registry provides proof of title, it offers the security of mortgages to the Banks and to a potential buyer, it confirms that the yacht is free from any encumbrances.

Many owners choose to fly the Red Ensign on their yachts due to its prestige, international recognition and consular protection. However, each flag state has different regulations in place thus offering different advantages or disadvantages depending on each circumstance. Australia-Offshore can help you identify a flag jurisdiction that best suits your requirements. We ensure that the correct procedures are followed and the right forms are submitted for registry.

There are an increasing number of jurisdictions available for yacht owners. Whilst the yacht registration process is very similar with common requirements to all of them, there are some individual aspects that should be taken into consideration before making a final choice.

  • Initial and on-going registration costs.
  • Eligibility for registration will depend generally on the age of the yacht and most importantly, the nationality of the individual or corporate owner.
  • Crew nationality restrictions for commercial yachts
  • Acceptability to finance entities
  • Survey requirements

There are a number of other factors that need to be taken into account when assessing the most convenient jurisdiction to complete the registration of the vessel. These include the intended use of the yacht (e.g. whether it is to be commercially or privately operated), expected operating area of the yacht or owner’s nationality and domicile.

Generally we can assist with yacht registration in the following jurisdictions:

  • Gibraltar
  • Mauritius
  • Isle of Man
  • Marshall Islands
  • Guernsey
  • Delaware
  • Jersey
  • Luxembourg
  • Singapore
  • United Kingdom
  • Shanghai
  • British Virgin Islands
  • Hong Kong
  • Cayman Islands
  • Belize
  • Malta
  • St. Vincent & The Grenadines
  • Cyprus
  • Seychelles

Clients considering yacht registration in other jurisdictions should contact Australia-Offshore as we would be happy to advise and assist you.

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Yacht Insurance

As a boat owner, you will naturally wish to protect your valuable asset against the possibility of loss or damage. Boat Insurance not only covers the cost of repairing damage to the hull and machinery, including engines, shafts and propellers if due to an accident, but also your potential legal liability to other third parties.

Australia-Offshore negotiate favourable premiums through its contacts with specialist brokers and underwriters whilst ensuring the maximum level of cover for clients and their yachts. Our partners specialise in insuring all types of vessels including sailing yachts, motor yachts, speedboats, RIB’s for private use or for charter. We use top quality insurers who will provide the best insurance cover wherever you travel with your boat at a highly competitive premium.

The policies we arrange typically cover:

  • Loss or damage to vessel (hull and machinery), including theft or wrongful detention or seizure
  • Dinghies, tenders, trailers and gear
  • Personal watercraft
  • Personal effects
  • Passenger liability and third party liability
  • Personal Accident, on request
  • P&I and/or Crew Liability, on request
  • Waterskiing cover, if for private purposes, on request
  • Navigation Limits / Cruising range – UK, Europe, Mediterranean and Aegean waters plus other areas on request, including ocean voyages (Trans-Atlantic).
  • Private use or charter

To protect your investment against the unforeseen and give you financial security and peace of mind, contact us to discuss your insurance needs.

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How long does it take to register a yacht?

Registration varies according to the ownership structure, the flag of registry, the type and location of the vessel and the type of registration required.

As an indication, pleasure vessels can normally be registered 3 working days and in 3 weeks for commercial yachts and ships.

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What are the costs?

Cost vary according to the type of vessel, ownership structure, flag of registry.

Examples of our fees are as follows:

Please note that all prices are subject to change and exclude registry fees and other external costs.

Registration of a Pleasure Vessel: $1,200.00
Registration of a Commercial Vessel: $2,250.00
Corporate Ownership from: $1,700.00 (first year)
$1,300.00 (subsequent year fees)
Statutory Management from: $2,250.00 per annum

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Who to Contact?

If you are interested in more information regarding the registration of your ship in Mauritius, please contact Steve Friedman, Managing Director of Australia-Offshore.

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