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Isle
of Man Yacht Registration
Yachts
have been registered in the Isle of Man for many years
but more recently, yacht owners and operators have further
recognised the Island as an economic and efficient centre
for ownership and, in some cases, the management of the
yachts registered in the Isle of Man or elsewhere.
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Benefits
Oakfield Maritime Limited provides
a comprehensive range of services including the formation
of zero and low tax Manx companies to cater to all aspects
of ship and yacht registration and management.
The key benefits of registering a
vessel in the Isle of Man include:
- Favourable tax treatment
- No annual tonnage tax
- Beneficial VAT arrangement
- Security of mortgages registered on the Island that provides
excellent security to lenders.
- The prestige of the Red Ensign and the support of British
consular services
- A quick and efficient registration process
- Professional Corporate Services
- The register is a prestigious, independent, International
British Register
Why register your yacht?
The British flag (the Red Ensign) is
the most prestigious nautical symbol in the world and the benefits
of British yacht ownership can be made available to all yacht
owners through the formation of an offshore company. This highly
personalised service has many advantages including the sale
of the yacht through a share transfer and limited liability.
The services Oakfield Maritime Limited provides are completely
confidential and offshore company ownership means that the ownership
details will not be a matter of public record.
Yacht Registration
Oakfield Maritime Limited provides British
yacht registration services for British individuals and companies
in their own name, as well as offshore company formation services
for foreign owners in order to benefit from the advantages of
British registered yachts. For ownership of an offshore company,
nominee shareholders sign Declarations of Trust in favour of
the Beneficial Owner. A Letter of Authority is issued giving
the Beneficial Owner unrestricted use of the yacht. The process
is easy and effective when handled by Oakfield Maritime Limited
and allows you to enjoy your yacht while Oakfield Maritime Limited
looks after your interests.
Offshore Companies
The Oakfield Group has enormous experience
and expertise in the formation of offshore companies. The Isle
of Man is a respected regulatory environment overseen by the
Isle of Man Financial Supervision Commission, offering a highly
professional Trust and Corporate environment. The Oakfield Group's
network of professionals supports a large and growing international
client base. The Group deals effectively and confidentially
with a wide range of issues, including asset protection, estate
planning, tax management strategies and comprehensive legal
and administrative support.
Marine Insurance
Oakfield Maritime Limited is able to
arrange competitive and comprehensive marine insurance through
Lloyds of London, Navigators and General, and others. Employers'
liability insurance and crew medical cover can also be arranged.
We use Brokers with many years experience in the marine market,
and enjoy a very good working relationship with them. You can
be sure of a first class service whatever your needs, whether
for a small sailing boat, a Super yacht or a Charter fleet,
we are able to provide all the necessary documentation with
the minimum of fuss.
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