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

---

New Zealand Cruise Expert Guide

New Zealand is a country guaranteed to surprise. Emerald green... Read More

Cruising with the Mouse ? Disney Cruise Line

There's magic in everything that team Disney touches and their... Read More

Bingo At Sea?

Under the "G" for Great Holiday. Bingo players can take... Read More

Why a Cruise Vacation is YOUR Dream Holiday

Thinking you could use an escape from the wintertime blahs,... Read More

Cruise Trips: Just How Popular is Cruising?

The results are in for 2004. The number of people... Read More

10 Thoughts On Picking a Cruise Ship Cabin

The best advice is to be informed about cabins and... Read More

The Delightful Land beyond Imagination

The kids are grown and gone, the mortgage is paid... Read More

Cruising Glacier Bay

You can watch movies about it, you can hear about... Read More

Tropical Cruise Expert Guide

A tropical cruise in the Caribbean or in the Gulf... Read More

What Is Best For You; An Inflatable Kayak Or A Hard-Shell Kayak?

If you are buying a kayak for the very first... Read More

Boat Hull Cleaning; Equipment Needed

How do you clean the hull on a boat when... 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

Asia Cruises: A Journey in the Exotic World

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

Holland American Alaskan Cruising - New Alaskan Cuisine April 2005!

Alaska is a place to experience not merely to visit... Read More

Celebrity Cruise! Opulence Perfectly Staged

Each generation of Celebrity ships has emerged to assume a... Read More

Diving Philippines is Impressive, Varied, and Spectacular

Scuba diving Philippines does not get any diverse, anywhere in... Read More

Are you Ready for the Cruise of a Lifetime?

Cruises are one of the best ways to unwind and... Read More

Dining Out At Sea

If eating fine food is your pleasure, a cruise vacation... Read More

The Skipper on a Charter Yacht

The skipper is the heart of every floating vessel on... Read More

The Absolute Best Romantic Gift Idea!

We all want to please and impress that special someone... Read More

Family Reunion Cruises - Something Everyone Can Live With

The mere thought of getting together for a family reunion... Read More

A Land Divided - A World United - The Panama Canal

It has been called "the big ditch", "the bridge between... Read More

Back to Nature: Observing Marine Life When Boating

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

The Nile Cruise

Egypt is where history first emerged. It is here that... Read More

The Bottom Line on Yacht & Boat Charters

Whether you are considering your first yacht charter vacation or... Read More

Luxury Cruise Expert Guide

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

World Cruise - A Relaxing Experience

Have you ever thought what it would be like to... Read More

Luxury Cruise Line Vacations for Your Romantic Getaways!

Every cruise vacation offers passengers a luxurious cruising experience. Some... Read More

Internet Cruises - Shopping Online

"If you build it, they will come."That advice, which prompted... Read More

Places to See On Your Alaska Cruise, Welcome To Juneau!!

Well my sister in law is in town this week... Read More

Celebrity Alaska Cruises!

Alaska cruises can be the experience of a lifetime. Enhance... 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

Silversea Cruises! Committed To Elegance, Luxury, And Gracious Hospitality

Committed to elegance, luxury and gracious hospitality, Silversea Cruises is... Read More