Yacht and Ship Registration in the Isle of Man

The maritime history of the Isle of Man dates from the eighteenth century and the Island is recognised internationally as an efficient and well- run centre for both registration and management. It was ranked third in the world by Port State Authority in September 2004.

The Marine Administration was established in 1984 and offers 24 hour cover for both yacht and ship owners. Local legislation has also been amended to adopt the "Megayacht" code and enable commercial yachts exceeding 24 metres to be registered on the Island.

Benefits of registering a vessel on the Isle of Man include

? A zero rate of tax for shipping related activities

? No annual tonnage dues

? A low registration fee

? Attractive VAT arrangements

? Security of mortgages registered on the Island

? A Demise Charter Register, both in and out

? British Flag and support of British Consular services

? Flexibility in the requirements for registered owners including limited partnerships

Merchant ships to be registered in the Isle of Man should be registered with one of the approved Classification Societies and it is a requirement that functions of effective management are undertaken by a ship management company, resident in the Isle of Man, having responsibility for the ship.

The Isle of Man recognises the following Classification Societies

? Lloyds Register of Shipping

? Germanischer Lloyd

? Bureau Veritas

? Det Norske Veritas

? American Bureau of Shipping

? Registro Italiano Navale

? Nippon Kaiji Kyokai

Registration

Owners have the option of registering either on the main register or on the Demise (Bareboat) Charter Register.

The registration process is in two main steps

? Incorporation of a company on the Isle of Man. There are no nationality restrictions on the ownership of shipping companies.

? Registering the vessel. The majority interest in the vessel must be owned by one of the following,

o A company incorporated in the Isle of Man and having its principal place of business within the Island

o A company incorporated in the U.K. Channel Islands, any British Dependant Territory, or in a Member State of the E.U. or E.E.A. and having its principal place of business in one of those territories

o Limited Partnerships established and registered in the Isle of Man

The Chesterfield Group provides a full range of trustee, and corporate advisory, formation and management services and invites enquiries. More particulars can be found on our web-site http://www.chesterfield-management.com REF=CH6EZ

---

Water Molecule Alignment for Increased Speed In the Water

A submarine can move faster thru the water if the... Read More

Alaska By Ship

When was the last time you saw an eagle descend... Read More

Luxury Cruises On The Mediterranean

A classic Mediterranean cruise visits major port cities located on... Read More

Amazon Cruise Expert Guide

An Amazon cruise is the ultimate jungle adventure. From the... Read More

Alaska Cruise Ship Vacations

Alaska is one of the world's great cruise destinations, particularly... Read More

Exploring the Exotic - Antarctica Cruise

Antarctica is one of the great unexplored areas of the... Read More

Mexico: Going Native

If you want to expatriate to Mexico to find an... Read More

Boat Cleaning Business - Bilge Clean-up Tips

These areas, like any other car engine and compartment that... Read More

Asia Cruises: A Journey in the Exotic World

Asia Cruises: Lasting Impressions of Culture and TraditionAn Asia cruise... Read More

Asia Cruise Expert Guide

Ever since Marco Polo returned from his 24-year trek to... Read More

Six-Star Cruising on Luxury Cruise Lines

A luxury cruise is just what the name implies, a... Read More

Bermuda Cruise Expert Guide

At just twenty-one square miles in size, the island of... Read More

Sit Back and Relax on a Crewed Yacht Charter Vacation

Ever wanted to really put yourself to the test and... Read More

Want To Know More About Cruises and Cruise Ships?

Today, Norm Goldman Editor of Sketchandtravel.com, is pleased to have... Read More

What You Need to Know About Cruise Holidays

Are you tired of the hustle and bustle of driving,... Read More

European Cruise Expert Guide

Europe is one of the premier cruise destinations in the... Read More

Find Many Cruise Deals That Suit Your Personal Style And Needs!

Finding Cruise Deals are half the battle when considering a... Read More

Royal Caribbean Cruises! Where Their Slogan Is Get Out There? And They Mean It

Imagine a cruise line where choices include ships with golf... Read More

Cruise The Nile of Cleopatra

For centuries, the Nile River has been at the center... Read More

Back to Nature: Observing Marine Life When Boating

"Whether you boat on fresh water or on the ocean,... Read More

Orient Beach Shore Excursions - Beauty on the Beach!

When cruising to St. Martin (or Sint Maarten), some of... Read More

Want a Dream Career? Get a Job on a Yacht!

If you're the "outdoorsy" type, prefer to work on a... Read More

Radisson Seven Seas Cruises! Where Luxury Goes Exploring

Luxury goes exploring! How faithfully these words portray the elegance,... Read More

Shopping for Cruises Online! How?

Are you planning a cruise vacation but don't know where... Read More

5 Steps to Crime Prevention at your Marina

Spending the day or weekend on your boat is one... Read More

Luxury Cruise Expert Guide

What could be more enjoyable than relaxing by a pool... Read More

The Best European Cruise Travel Vacation!

So, you are contemplating a European cruise. You are looking... Read More

Yacht Winterization Service Business

If you own a boat maintenance business you need to... Read More

Luxury Cruising

A great cruise is much more than a journey. Blending... Read More

Boat and Yacht Detailing - Teak Reconditioning and Care, Detailing the Deck

If you find your boat with gray and weathered teak,... Read More

Hydrofoils as Strike Vehicles on Water; Fast, Safe, Smart

High Speed boat-car, Hydrofoil. Hey slow down so we can... Read More

Kid-friendly Cruises

Kids and vacation ? trying to find the perfect option... Read More

Taking a Deaf Cruise

Deaf and hearing impaired individuals are no different from anyone... Read More