Why Gibraltar?

Yachts registered in Gibraltar fly the Red Ensign faced with the bearings of Gibraltar and as such are entitled to all the same benefits as any other Red Ensign flagged vessel. In addition, because Gibraltar has independent tax status, VAT is not levied, so a company registered here does not have to pay VAT when buying a pleasure yacht and no additional charges apply when it comes time to sell your yacht. Gibraltar registered yachts with non-EU owners and or owned by Gibraltar companies can sail in EU waters for up to six months per year and proof of entering or leaving an E.U. area is simply obtained through a marina receipt or Practique note which any marina will supply. Furthermore, thanks to Gibraltar's well-established legal and financial institutions, owners can have confidence in the maritime legal system, which follows English law. Overall, Gibraltar is a benign jurisdiction for yachting in general. If your yacht happens to be VAT paid, you may also keep the VAT paid status when buying or selling providing the transaction is done correctly from the outset and we would recommend you contact us first to ensure you keep the vessels status as you intend it to remain. Registration procedures for private pleasure yachts are usually quite straightforward and we will arrange all matters relating to the paper trail to ensure that the correct procedures are followed and the right forms are submitted for registry purposes.