Purchasing a yacht is a major acquisition which requires careful planning and
consideration. As a dedicated division of OCRA Worldwide, OCRA Marine is
positioned to assist at every level.
Based in the Isle of Man, we enjoy a close working relationship with the Isle
of Man Ship Registry and are one of a small number of companies approved as a
Representative Person. Our professional services go beyond yacht registration
and include ownership structuring that provides for beneficial VAT planning and
tax mitigation (and/or deferral). We are also able to arrange for yacht finance
and vessel insurance, and will take care of any project management requirements
in addition to the day-to-day maintenance and management of the vessel. In
short, we take care of all aspects of yacht ownership providing owners with a
single and dedicated point of contact for the ongoing management of their
We can provide registration services in any of the following jurisdictions.
Please click on the links for more detailed information about each register:
Madeira Ship Registration
Registering your Yacht in Luxembourg
Registering your Yacht in the Seychelles
Please review the full spectrum of our service offering below:
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
bookkeeping 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 to concentrate on the day-to-day operations.
Our status as a Representative Person enables yacht and ship owners, managers
and charterers to take advantage of the Isle of Man's legislation and its
favourable tax regime.
The Isle of Man has a long and distinguished maritime history and is today
recognised as one of the most prestigious Flag states. Consequently, we
primarily register yachts and ships under this jurisdiction. However,
Registrations can also be made upon request in other reputable jurisdictions
such as Mauritius, Madeira and the Seychelles.
Some of the key benefits for registering in the Isle of Man include:
The Classification Societies recognised by the Isle of Man Marine
Often the most cost-effective and attractive way to finance a yacht purchase
is via a marine mortgage. This enables owners to retain their liquid assets and
avoid tying up too much in the yacht itself.
Finance can be arranged to purchase both new and used yachts or simply to
carry out a refit or purchase new equipment. Whatever your requirements are, our
network of marine finance specialists can tailor these to suit your individual
As a valuable and prized asset, it is imperative that all our clients'
yachts carry fully comprehensive insurance against all marine risks.
OCRA Marine is able to negotiate favourable premiums through its contacts
with specialist brokers and underwriters whilst ensuring the maximum level of
cover for clients and their yachts.
OCRA Marine is able to offer via its technical partner assistance in
complying with all aspects of the International Safety Management (ISM) and
International Ship and Port Facility Security (ISPS) Codes.
Our service in this regard extends to conducting surveys and audits to assess
a yacht's condition and to advise if any work needs to be carried out to ensure
OCRA Marine can assist clients in finding the right crew for their yachts
using a number of quality crew agencies. We attend to all crew engagement,
travel, insurance and payroll matters.
In addition, we can provide a comprehensive range of support services to crew
members such as personal healthcare and accident cover and personal banking.
A new build is a significant technical and logistical undertaking. OCRA
Marine is able to co-ordinate the build on your behalf by working closely with
the project manager from the outset.
For a Free Initial Consultation contact the consultant
listed below. Alternatively, follow the links below to make contact: