Yacht & Boat Registration and Ownership
Overview
OCRA Marine is a leading provider of bespoke yacht and ship registration and management services and is part of the OCRA Worldwide Group.
Our professional services extend from assistance with ad hoc projects to providing a complete yacht management service through a dedicated point of contact. OCRA Marine Services can meet all your yachting requirements. Our aim is to remove the administrative burden from owners to enable them to enjoy their yachts. We have a close working relationship with the Isle of Man Ship Registry and are one of a small number of companies to be approved as a Representative Person.
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.
OCRA Marine Services can provide 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.
Management and Administration
Our professional services cover all aspects of yacht management and administration which can be tailored according to the level of assistance required. They range from the payment of day to day expenses, overseeing the recruitment of crew and ensuring that all manning requirements are met, to book-keeping and the preparation of the financial statements.
Our shore-based assistance enables the vessel to operate smoothly and efficiently by dealing with all statutory and administrative requirements leaving the Captain free from dealing with time consuming administrative tasks to concentrate on the day to day operations.
Other
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.