Registration of ships and yachts
The advantages of registering a vessel in the name of an offshore company:
In most jurisdictions there are very favourable conditions of costs of a vessel registration and, which is important too, of renewal of such registration. Additionally there is no direct tax assessment of the income derived from the use of the vessel, and (depending on the jurisdiction), there are no indirect taxes and customs duties.
Privacy of ownership
The most commonly used way is registration of a vessel (yacht) as owned by an offshore company registered in such a jurisdiction.
Easy transfer of title for a vessel
Registration of a vessel within an offshore company makes it easier to change the title; moreover, no additional procedures are required. It is still required to sell the shares in the company holding title for the vessel. In addition, such a «sale of a vessel» has no tax consequences.
LEXMANS CORPORATE SERVICES offers registration of vessels and yachts in offshore jurisdictions (for example: Maritime Register of Panama, Liberia, Belize). Our staff will help you to choose the flag, the jurisdiction, will prepare the necessary documents and assume all the difficulties of registration of a vessel.
The cost of registering a vessel is determined individually in each case.