REGISTRATION
CAYMAN ISLANDS The Cayman Registry operates globally with offices in all time-zones and provides services to its clients on a 24/7 basis. The registry is also ranked highly as a quality register on all of the major Port State Control MOUs which provides peace of mind to its owners and allows the vessels to operate freely without interference. The registry is able to accept registrations from individuals and entities located in a wide range of countries and provides for flexibility as there are no specific requirements to incorporate in the Cayman Islands. The registry facilitates dual use schemes such as the YET and is continually striving to improve products and services to stay ahead of the competition in the highly competitive market.
ISLE OF MAN
GENERAL CONSULATE OF PANAMA IN MARSEILLE The office offers an around the clock personalised service needed to make the registration of your superyacht in Panama as fast and smooth as possible. The Panama Ship Registry just introduced its new and advanced digital registration platform which integrates and simplifies the procedures for a more user friendly experience. Panama offers one of the most competitive tax rates in the world for yacht registration. By registering your pleasure yacht under the Panamanian flag, you pay a bi-annual tax, this tax excludes the payment of any other tax and is not subject to VAT. There are 17 marinas waiting for you to experience their 5 star services and amenities like expert guidance on immigration and clearance process, on-site custom checks and high-speed fuel pump, all while promoting a safer, greener and sustainable industry. For more details Tel: +33(0)4 91 90 05 84 or visit
www.consulatgeneraldepanamamarseille.com
The Isle of Man offers a high quality and efficient service, the right to fly the Red Ensign which comes under the British Royal Navy protection, progressive and accessible registry for queries and
issues that arise such as requesting dispensations to keep the yachts in operations, yacht speciality personnel and surveyors, established/recognised safety codes for both over and under 24m which add value to the vessels on the resale market (members of the Red Ensign Group (REG) flag command a premium as being of higher quality and safer), a well established pathway to REG Code compliance, fixed cost fees structures include all flag surveys and favourable tax regimes both in terms of VAT planning and exemptions plus zero corporate tax.
VIRGIN ISLANDS SHIPPING REGISTRY
In addition to quality and timely 24 hour services, a quality white flag administration, and global surveyor network; VISR brings the benefits of the REG group of flags and technologies to its fleets. This translates to benefits from the leaders in maritime certification and standards. This means BVI vessels will always
TRIDENT TRUST The team offers a comprehensive range of services for both the luxury yacht and commercial shipping sectors, including vessel registration, crew payroll and HR services, local representation, accounting support and the formation and administration of ownership structures across multiple jurisdictions. Their global marine capabilities are delivered though a number of key hubs across the Americas, Europe and the Caribbean, supported by dedicated professionals throughout a global network of offices. They have substantial experience in the management of structures holding luxury yachts, and offer clients the benefits of more than 40 years of corporate services experience and marine market knowledge. For more details Tel: +44 (0)1481 740935 or visit
www.tridenttrust.com
ONBOARD | AUTUMN 2022 | 207
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