Registration Of A Yacht In Gibraltar

The following is the procedure that needs to be followed when an owner wishes to own his yacht through a Gibraltar tax exempt company and the yacht be registered on the British Register of Shipping.

A notice of name proposed form is submitted to the Register of Shipping to obtain clearance and reserve the name of the yacht.

If the yacht is new, the Builder's Certificate should be made in favour of the company. Where the yacht is a re-sale, or the client already owns the yacht, the vendor signs a Bill of Sale in favour of the Company. This document must be notarised.

Before the yacht can be registered it must be surveyed by a member of one of the approved classification societies and a tonnage measurement taken. This survey merely ascertains the tonnage and is in no way an examination of the yacht's condition. The survey is made wherever the yacht is lying, and the client pays the surveyor's fees.