Vessel Management


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, Liberia, the Isle of Man, Cyprus and the British West Indies. Correctly advised, an individual can also benefit from such low tax environment through the use of Netherlands Antilles company. 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.

Such benefits together with the ability to maintain a respectable flag - if a vessel is registered in the Netherlands Antilles it is fully entitled to fly the Dutch flag as if it was a native Dutch vessel - have meant that few private yachts of any size are today registered in their home territory. In addition, in certain circumstances it may also be possible to purchase a yacht through the Isle of Man with a local tax exempt company and then reclaim back any VAT paid by registering for VAT on the Island.



If you have any questions please feel free to contact us by phone (+5999 461 1401) or via this form:

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