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YACHT & AIRCRAFT SOLUTIONS

"A major acquisition requiring careful planning"

Yacht & Super Yacht Ownership, Registration and Management Related Services How to Proceed

YACHT & SUPER YACHT OWNERSHIP, REGISTRATION AND MANAGEMENT

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 vessel.

We can provide registration services in any of the following jurisdictions. Please click on the links for more detailed information about each register:

The Isle of Man - A key EU location for Superyacht Registration

Madeira Ship Registration

Registering your Yacht in Luxembourg

Registering your Yacht in the Seychelles

Registering your Yacht in Mauritius

Malta Ship Registration

RELATED SERVICES

Please review the full spectrum of our service offering below:

Management & 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 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.

Isle of Man Yacht & SuperYacht Registration

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:

  • Favourable tax treatment
  • No annual tonnage tax
  • Beneficial VAT arrangements
  • Security of mortgages registered on the Island
  • A Bareboat (Demise) Charter Register enabling vessels to be demise chartered registered
  • The prestige of the British Red Ensign and the support of consular services
  • A quick and efficient registration process
  • Political stability in the Isle of Man is maintained (1,000 years of continuous Parliament)
  • Flexibility in registered ownership requirements
  • A one-off low initial registration fee
  • Classification

The Classification Societies recognised by the Isle of Man Marine Administration are:

  • Lloyds Register of Shipping (LR)
  • Germanischer Lloyd (GL)
  • Bureau Veritas (BV)
  • Det Norske Veritas (DNV)
  • American Bureau of Shipping (ABS)
  • Registro Italiano Navale (RINA)
  • Nippon Kaiji Kyokai (Class NK)

Marine Finance

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 circumstances.

Insurance Services

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.

Technical Services

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 compliance.

Crew Services

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.

Project Management

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.

We can help ensure that the project runs smoothly, is completed on time and on budget ,  while facilitating the transmission of stage payments. Back to top
CALL A CONSULTANT

For a Free Initial Consultation contact the consultant listed below. Alternatively, follow the links below to make contact:

Visit ocramarine.com
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Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other
professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.