Key Benefits of Boat Registration in BVI
NO CORPORATE TAXES |
There is no sales tax in the BVI when purchasing anything |
Red Ensign Group. Your ship will be entitled to British Diplomatic and Consular support |
BVI tax exempts |
Low Registration and Maintenance fees. |
Yacht registration and Certificates recognized worldwide. |
BVI stable government and British Judicial System |
BVI is the yachting centre of the Caribbean |
To Register a Boat in BVI
You will need: |
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Application to register |
Declaration of Eligibility |
Original Documents of sale |
Certificate of Survey and Tonnage Measurement |
Certificate of Incorporation (if company) |
Deletion certificate and an extract of register |
Closed Transcript and copy of original Certificate of Survey/Tonnage Certificate |
Notarized translation certified as correct by a notary public |
More, depending on country of origin... |
Too Complicated? Get competitive quotes from BVI Registration Companies
Boat Registration BVI
The British Virgin Islands (BVI) possesses a modern yacht registry system, which offers a fast, secure and worldwide accepted registering of boats. The registry allows for registration and discharge of mortgages, change of ownership, transfer of ownership and other similar services.
As of 2007, the BVI Shipping registry started offering Category 1 registrations, which includes large cargo vessels of unlimited tonnage and megayacht grossing below 3000 tons, joining Bermuda, Cayman Islands, Gibraltar, the Isle of Man and the United Kingdom, to be able to register ships of unlimited tonnage and type. Inquire about using BVI registration for yachts commercially chartering in the Mediterranean. Also, the BVI Register is independent from the UK Register.
Why register in the BVI
NO CORPORATE TAXES, making the BVI an interesting place to own a boat |
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There is no sales tax in the BVI when purchasing anything |
Your ship will sail as a member of the Red Ensign Group. Your ship will be entitled to British Diplomatic and Consular support, including Royal Navy Protection. Also, the BVI provides access to the expertise of the UK Maritime and Coastguard Agency. |
BVI tax exempts based on BVI’s positive reputation of leading offshore financial centre |
Low Registration and Maintenance fees. |
Yacht registration and Certificates recognized worldwide. |
BVI has stable government and working British Judicial System |
BVI is the yachting centre of the Caribbean |
Who can own a British Virgin Island Ship?
Citizens and Companies registered in the BVI
Other entities should seek registration advice from BVI law firms with one of the registrars, as there are usual ways how to achieve eligibility to register a boat in the BVI.
What boats can be registered in the BVI
What boats can be registered in the BVI |
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General cargo ships of unlimited tonnage; |
Yachts of up to 3000 gross tons; and |
Vessels previously covered under Category 2. |
Recreational craft and yachts of up to 400 gross tons (about 45m in length); |
Cargo and commercial craft of up to 150 gross tons (roughly 24m in length); and |
Domestic passenger ships on domestic voyages. |
By tradition, ownership in a British Ship is divided into 64 shares.
Majority share of the boat (at least 33 of the 64 shares) must be owned by qualified persons (Citizens or BVI Companies).
Foreign citizens may own a minority interest (up to 31 of the 64 shares) in the boat.
What do you need to register
You will need: |
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Application to register |
Declaration of Eligibility |
Original Documents of sale (Bills of Sale, Builders Certificate) |
Certificate of Survey and Tonnage Measurement issued by one of our Classification Societies. If the vessel is over 24 metres in Load Line Length an International Tonnage Certificate (ITC69) is required |
Certificate of Incorporation (if a company is applying) |
Deletion certificate and an extract of their register is required if the ship is coming off a foreign register |
Closed Transcript and copy of original Certificate of Survey/Tonnage Certificate if the ship is coming off a Red Ensign Register |
Notarized translation certified as correct by a notary public if providing any documents in language other than English |
Boat Registration BVI Fees and Costs
Fees of the Virgin Islands Shipping Registry are not public, but are furnished upon request.
Service | Charge |
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Initial Registration and Issue of Certificate of Registry | Cost Furnished Upon Request |
Re-Registration and Issue of Certificate of Registry | Cost Furnished Upon Request |
Annual Fee Maintenance of the Register | Cost Furnished Upon Request |
Registration of Bills of Sale | Cost Furnished Upon Request |
Registration of Change of Ownership of vessel including issue of New Certificate of Registry | Cost Furnished Upon Request |
Registration of Mortgage | Cost Furnished Upon Request |
Recording of Mortgage Intent | Cost Furnished Upon Request |
Current Transcripts | Cost Furnished Upon Request |
Certified Copies of Closed Transcripts (Closed) | Cost Furnished Upon Request |
Manual Searches of the Register, per Ship | Cost Furnished Upon Request |
Issue of New Certificate of Registry | Cost Furnished Upon Request |
Re-Issue of Certificate of Registry on Loss of or Damage to Original | Cost Furnished Upon Request |
Registration of Change of Name of Ship including Issue of New Certificate of Registry for Ship | Cost Furnished Upon Request |
Copies of Certificates and Transcripts and Documents Folio/page | Cost Furnished Upon Request |
Name Reservation for a period of one hundred and eighty days | Cost Furnished Upon Request |
Fax per folio/page | Cost Furnished Upon Request |
Unspecified Assignments of the Registrar, including work outside of office, per hour for the first hour plus transportation and incidental costs | Cost Furnished Upon Request |
Unspecified Assignments of the Registrar, including work outside of office, per hour plus transportation and incidental costs, for every hour after the first hour | Cost Furnished Upon Request |
Issue of Terminable Certificate for conditional short-term Registration of vessels after issue of Carving and Marking Note and before issue of Permanent Certificate of Registry | Cost Furnished Upon Request |
Where to start your BVI Boat Registration?
Send your basic information to a network of BVI Boat Registration companies and receive competitive quotes.