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

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.