Among all the flags you could choose for to register your yacht, Gibraltar red ensign is the preferred option for most yachtsmen. Not only Gibraltar yacht ensign provides the advantages of a tax efficient and stable jurisdiction, as being part of the Red Ensign group which comprises most of the Royal Commonwealth Countries and Dominions, it is a recognized flag worldwide which enable flexible management and use of your yacht, either for your own private use, chartering or professional operations. Registering under Gibraltar flag enables the yacht owner, agents and operators to enjoy the favorable tax laws of Gibraltar.
Our team could assist not only with the registration of your yacht under the Gibraltar red ensign, but also obtain the radio call signs and related services as well set up for you any holding company in this jurisdiction if required.
There are further advantages to register under Gibraltar ensign:
- Non-EU jurisdictions for both VAT and crew employment
- No tax on any profits earned
- Tax efficient jurisdiction
- 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, Gibraltar provides access to the expertise of the UK Maritime and Coastguard Agency
Our team of professional yacht agents will happily guide you to decide on the best suited flagging options for your yacht, based on the intended use of the vessel (private use, charter, VAT reclaim, export, …) as well other parameters such as taxes, insurance, mortgages and loans, boat & yacht finance and refinancing, all to fit with your personal circumstances.
While we are happy to register your vessel in the country of your choice, including through purpose-built holding companies and tax efficient ownership legal structures if necessary, we do have Memorandum of Understanding (MoU) to enable fast track registration with the following commercial ships and pleasure yachts registries: