Industries
Marine
With its strategic location at the entrance to the Mediterranean and its comprehensive range of export services and facilities for the Marina, Gibraltar is a key service point for the global shipping industry and an important centre for ship registration and finance
There are several advantages of registering a vessel under a corporate structure in Gibraltar:
- No VAT in Gibraltar
- No Import Duty (if the vessel is not based in Gibraltar)
- No tax on the sale of the vessel
- A Gibraltar company may own a yacht with a different British Port Registry from Gibraltar
- Ownership can be transferred by share transfer rather than the sale of the yacht, which may mitigate CGT, sales tax and transaction related cost
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Our Marine services team have expert knowledge in dealing with a wide variety of structures and transactions in Gibraltar as well as in other well-recognized marine jurisdictions. We provide a comprehensive one-stop professional service for both commercial vessels and yachts.
Services
Yacht registration
- Port of Gibraltar
- Ports in the UK
- Other ports as may be required
- Annual renewal of registration
Application for a Ship Station Radio License
Annual renewal as may be required
Provide insurance cover via insurance underwriters
Annual renewal of insurance
Issue Powers of Attorney to the skipper/crew members
Issue annually as may be required
Transactional matters
- Purchase/sale of vessel
- Issuance of Bill of Sale
Other marine services
- Transfer of port
- Transfer of ownership
- Change of name of vessel
- Payroll services
- Officers and crew employment contracts
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