Offshore Ship and Yacht Registration. Formation of Offshore Companies for Ship Registration
. Our firm's qualified staff can take all necessary steps on behalf of the client to provisionally or permanently register a ship or yacht under the Panamanian flag through the directorate General of Merchant Marine and Public Registry.
We are also prepared to render ship and yacht registration services in the British Virgin Islands. The main advantages are the attractive registration and annual fees. Ships registered in the BVI fly the Red Ensign Flag and are entitled to the support of the British Consular and High Commission, and Royal Naval protection.
The Seychelles offers an attractive "offshore" regime for the ownership and registration of yachts. A Seychelles company must own a yacht in order for it to fly the Seychelles flag. If the vessel is not in Seychelles waters, it can be provisionally registered under a Seychelles flag at a diplomatic or consular representative abroad. It will later be permanently registered with the Seychelles Ship Registrar.
If you form a Delaware corporation for the purpose of owning and registering a yacht in Delaware, Coddan can handle the incorporation and maintain the registration for you.
Choose one of the following packages that will best serve you:
BVI offshore company formation normally takes 2 to 5 working days. Search name availability for your BVI IBC. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. Company Shareholder & Director appointed electronically. US$50,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. BVI Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders. Register of Directors, Secretaries. Company seal. Share Certificates. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
BVI LP
£ 995.00
Renewal fees from £669
BVI Limited Partnership incorporation normally takes 2 to 5 working days. Search name availability for your BVI Partnership. Payment of first year's government fees. No documents to sign. A minimum of ONE Limited Partner is required. A minimum of ONE General Partner is required. US$10,000.00 Authorised Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Partners. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Bahamas IBC
£ 1250.00
Renewal fees from £400
A minimum of ONE director and TWO shareholders are required. Bahamas company registration normally takes 5 to 7 working days. Search name availability for your Bahamas IBC. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. Company Shareholders & Director appointed electronically. US$50,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders, Register of Directors, Secretaries. Share Certificates. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Belize IBC
£ 450.00
Renewal fees from £270
Belize company incoporation normally takes 3 to 5 working days. Search name availability for your Belize IBC. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. Company Shareholders & Director appointed electronically. US$50,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders, Register of Directors, Secretaries. Share Certificates. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Gibraltar LTD
£ 500.00
Renewal fees from £390
Gibraltar company formation normally takes 5 to 8 working days. Search name availability for your Gibraltar company. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. Company Shareholders & Director appointed electronically. £2,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders, Register of Directors, Secretaries. Share Certificates. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Cyprus LTD
£ 1250.00
Renewal fees from £456
Cyprus company registration normally takes 7 to 10 working days. Search name availability for your Cyprus company. Payment of first year's government fees. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. CYP£5,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation (Apostilled). Certificate of Registered Office (Apostilled). Certificate of Directors & Secretary (Apostilled). Certificate of Shareholders (Apostilled). Memorandum & Articles of Association (Apostilled). Issuance of shares. Register of Shareholders, Register of Directors, Secretaries. Share Certificates. One round rubber company stamp. Central Bank of Cyprus Permission (Apostilled). Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Nevis LLC
£ 500.00
Renewal fees from £325
Nevis LLC creation normally takes 2 to 5 working days. Search name availability for your Nevis LLC. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Member. Company Members appointed electronically. US$1,000.00 Authorised Capital. Preparation & filing of Articles of Organization at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation, Articles of Organization. Printed bound copy of Operating Agreement. Minutes of the First Meeting of the Board of Members. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Nevis IBC
£ 500.00
Renewal fees from £325
Bearer shares are PERMITTED. Nevis offshore company formation normally takes 2 to 5 working days. Search name availability for your Nevis NBCO. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. Company Shareholder & Director appointed electronically. US$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders. Register of Directors, Secretaries. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Seychelles IBC
£ 300.00
Renewal fees from £265
Bearer shares are PERMITTED. Seychelles company registration normally takes 2 to 5 working days. Search name availability for your Seychelles IBC. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. Company Shareholder & Director appointed electronically. US$5,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders. Register of Directors, Secretaries. Share Certificates. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Hong Kong LTD
£ 660.00
Renewal fees from £500
Hong Kong company formation normally takes 7 to 10 working days. Search name availability for your Hong Kong company. Payment of first year's government fees. Capital duty of authorized capital at HK$10,000. Application of Business Registration. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. HK$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Filing Notice of Register Office, Notification of First Directors and secretary, director's consent, shares allotment, transfer of shares, issuing share certificates and preparing Minutes of First directors' meeting. Registered Agent (Secretary) & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. 10 booklet of Memorandum & Articles of Association (6 copies to clients, 4 copies keep in our office). Minutes of the First Meeting of the Board of Directors. Issuance of shares, Register of Shareholders, Register of Directors, Secretaries. Share Certificates. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Panama INC
£ 650.00
Renewal fees from £370
A minimum of THREE directors are required. Bearer shares are PERMITTED. Panama company formation normally takes 3 to 5 working days. Search name availability for your Panama corporation. Payment of first year's government fees. No documents to sign. Applicants appointed as company founding Directors. Applicant appointed as company Shareholder. Company Shareholder & Director appointed electronically. US$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders. Register of Directors, Secretaries. Share Certificates. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
You are thinking about a registration of the vessels, boats or yachts registration inBritish Virgin Islands, Panama, Delaware, Gibraltar, Seychelles or Cyprus? Coddan Can Help. This section is to help our customers to learn more about possibilities of registration of the vessels in these jurisdictions. Without a doubt in recent years there has been a great transfer of merchant navy registration from traditional areas like Britain, Norway and Greece to offshore shipping jurisdictions such as Panama, British Virgin Islands, Delaware, Cyprus, and Seychelles. Correctly advised an individual can also benefit from such tax free/low tax environments. Apart from the lower registration fees, it may also be possible to rent or charter a vessel without any significant or even any tax repercussions. If you have any questions about the offshore companies incorporation, offshore boats and yachts registration then please E-Mail or call us: 0800 081 1510 or +44 (0) 207 637 3881, fax: +44 20 7681 3318.
BVI VESSELS REGISTRATION:
The owner of the BVI registered vessel must be either a British subject or a British Company with its principal place of business in a British territory (for example: BVI, Gibraltar, Channel Islands, Bermuda etc.). Coddan can incorporate a BVI International Business Company for this purpose.
Our Service
Without a doubt in recent years there has been a great transfer of merchant navy registration from traditional areas like Britain, Norway and Greece to offshore shipping jurisdictions such as Panama, British Virgin Islands, Delaware, Cyprus, and Seychelles. Correctly advised an individual can also benefit from such tax free and low tax environments. Apart from the lower registration fees, it may also be possible to rent or charter a vessel without any significant or even any tax repercussions.
Related Articles
The vessel must be less than 150 gross registered tons (GRT). Following registration, BVI registered vessels fly the British Red Ensign. Coddan be your agent with the vessel registration and assist you with performing all steps with the registration of your vessel with the BVI Registrar of Shipping. The documents (as indicated below) should be submitted via Coddan to the Registrar of Shipping. Legal requirements and documents necessary for registration vessel in BVI. Application to Register. Notice of Name Proposed: In order to ensure availability, the name should first have been checked. Name checks for vessels under 100 GRT can be made over the telephone. If the Vessel is over 100 GRT then the name check needs to be made through the central UK list in Cardiff. A name once checked and approved, can be reserved for one year by completing and submitting the Notice of Name Proposed form.
Certificate of Survey - Surveys should be carried out by internal classification societies, eg. Lloyds Register, American Bureau of Shipping, Bureau Veritas, Norsk Veritas or Germanisher Lloyd. On occasions of absolute difficulty (overseas) due to remoteness etc. a qualified local or nearby Government Surveyor may be acceptable. If a qualified local or nearby Government Surveyor is to be used, it is advisable to obtain details of his qualifications first in order to check that these will be acceptable to the Registrar.
Tonnage Certificate: For vessels under 45 feet, items 3 and 4 can be combined into a Certificate of Survey / Tonnage Measurement.
Builders Certificate: If the vessel is newly built, the Original Builders Certificate is used in lieu of a Bill of Sale; or Bill of Sale: If the vessel has had more than one owner, a notarised Bill of Sale is required and a chain of title back to the Builders Certificate must be provided.
Declaration of Ownership: Must be completed and signed by a Director or authorised officer of the Company owning the vessel. Information concerning the particulars of the vessel should be taken from the Certificate of Survey/Tonnage Certificate.
Declaration of Intended Use: Either "commercial" or "pleasure" in the form of a letter from the owner or the authorised officer.
Appointment of Authorised Officer: This form which should be signed and sealed by a director or other officer of the Company.
Deletion Certificate from the previous registry: Issued by the State in which the Vessel was previously Registered (only applicable if the vessel has been previously registered).
Appointment of Managing Owner.
In addition to the above, you will need to provide to the Registrar the following Certificates. In the case Coddan's affiliated is the Registered Agent of the Company owning the vessel we can assist you with the obtaining of the required Certificates: Certified copy of Certificate of Incorporation; Certificate of Good Standing: Only required if the Company owning the vessel is over one year old.
In some cases where a company is used to own a vessel, it may be useful to appoint Coddan's affiliated staff members as authorised officers to ensure that the Registration progresses smoothly. If this is done then Coddan assist you with the completion sign above points numbered 1, 2, 6, 7 and 10 on behalf of your company.
The originals of all other documents with the exception of items 3 and 4 should be provided. The original Certificate of Survey and Tonnage Certificate are usually forwarded directly to the Registrar of Shipping by the surveyors. Copies should be provided to Coddan for our internal records.
Upon approval of the application, a Carving and Marking Note is issued by the Registrar of Shipping. This Note is a document which contains the official number of the vessel and must be signed by a surveyor from one of the internal classification societies, certifying that the vessel's official number and tonnage have been cut into the main beam and that the name and Port of Registry have been marked on the stern. Care should be taken when marking the vessel to ensure that the Port of Registry is spelt correctly, i.e. "Road Harbor" and that black lettering is used on l