Our firm is a renowned global provider of customized Boat, Ship & Yach registration and administration services.
- Taxation & VAT/GST
- Which Country to Register?
- Yacht, Boat & Ship International Insurance
- How long shoul it take to register a boat?
- What are the costs involved in the registration?
- Who to contact?
Taxation and Value Added Tax (VAT/GST)
Buying a boat is a major acquisition which requires careful planning and with our assistance, our team can guide you through this process.
Weisz-Offshore provides a variety of customized structures for clients looking to buy a boat that will minimise or eliminate the effect of Value Added Tax (VAT/GST). We have access to a network of legal, tax, financial, insurance and wealth management experts to assist plan and maximise your investment.
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Where to Register?
Registration of a boat is a crucial aspect of yacht ownership as the Registry provides proof of ownership, it offers the security of mortgages to the Banks and to a potential buyer, it confirms that the boat is free from any encumbrances.
Each flag state has it’s own regulations offering various advantages and disadvantages depending on a specific situation. Weisz-Offshore can assist you identify the flag that would best suits your requirements. We submit and follow up your application with the registry.
There are many flags available for boat owners and the registration process is quite similar for all of them, but the features each flag has to offer can be very different from one jurisdiction to another.
- Initial & annual registration fees.
- Eligibility for registration will depend generally on the age of the boat as well as on the nationality of the individual or corporate owner of the boat.
- Crew nationality restrictions for commercial boats can apply
- Acceptability to finance corporate entities
- Survey requirements
There are many other factors that must be taken into account when choosing the most suitable jurisdiction for the registration of a boat. These include but is not limited to the intended use of the boat (e.g. commercially or privately operated), the expected operating area of the boat owner’s nationality and residence.
Weisz-Offshore can assist you with Yacht, Ship & Boat 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 registration in an other country should contact Weisz-Offshore as we would be happy to advise and assist you in the process.
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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.
Weisz-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) |
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| Statutory Management from: | $2,250.00 per annum | |
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Who to Contact?
If you are interested in the registration of a Boat, a Ship or a Yacht, please contact Steve Friedman, Managing Director at Weisz-Offshore & expert in Offshore Boat, Yacht & Ship registration :
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