Vessel registration:
Pleasure and small yachts need to be registered on Ship Register and we can assist to decide which registration option is best for you.
There are good reasons to register your boat of which we consider most important the evidence of title. Selling the boat becomes much simpler as the seller can use registration to satisfy the buyer that he is the registered owner, is used as evidence to show the vessel is not encumbered, confirms nationality of the vessel which is useful when travelling in international waters to be able to claim protection and can be used to raise finance on your vessel
We would be delighted to discuss your options and register your vessel on your behalf.
Corporate structures:
Depending on whether you are going to use your vessel for pleasure or operate it commercially as a business at Kokkinakis Law we can advise you on the various options for owning and operating your vessel and the advantages and disadvantages of each, including Limited liability partnerships, Private limited companies and Off-shore companies and trust structures. We would be pleased to talk you through early considerations to think about if you were considering off-shore structuring and we can deal with the whole process on your behalf, including any on-going administration requirements.
Tax & VAT considerations:
Depending on how the vessel will be owned (privately or under a corporate structure) there will always be tax and VAT consequences and these are issues which are always a primary concern when buying / selling / operating a boat. Contact us to guide you through the tax and VAT considerations associated with ownership, buying & selling and operating your vessel including advice on Temporary importation (applicable to EU & non-EU nationals), VAT – EU and Non-EU considerations and VAT rates in EU.
Insurance:
Taking out insurance for your vessel is the best way to protect your boat. Contact us to discuss early considerations when taking out insurance.