Any yacht owner would probably have already noticed the increasing number of yachts that use flags of exotic countries instead of traditional flags at the top of their yacht masts. This is not surprising due to the great advantages that offshore yacht registration brings to its owner!
1. First an offshore company must be registered, and only then, after the construction or purchase of a new vessel, the yacht can be registered under that legal entity. Confidentiality of the final owner then completely protected.
2. In case a yacht is already owned, you will need to first register an offshore company to which you subsequently overwrite your property. The level of confidentiality under this embodiment will be low because it would be easy to track the way your boat fell under the ownership of your company.
There is no single answer to this question. It will all of course depend on your preferences and requirements. One should take into account such aspects as the climate spectrum, the anticipated use of the territory of the yacht, port access, ease of registration, etc. Most offshore jurisdictions have favourable conditions for the registration of ships. For the registration of yachts it is worth to pay your attention to offshore jurisdictions with the advanced navigation and British Overseas Territories.
If you are thinking of registering your yacht in an offshore jurisdiction we will provide you with a professional and personal service. We will take care of the paperwork such as maritime legal issues and offshore company management and help you throughout the process.