British Virgin Islands Registration

Boat registration in the british virgen islands (BVI)

The
British Virgen Island registration is recognized worldwide, the BVI is a
member of the Red Ensign Group of British Registrations, which means
any boat registered in the BVI is a British Ship and entitled to fly the
Red Ensign Flag and that gives your ship protection by Royal Navy and
support by the British Diplomatic/Consular.

BVI
is a British Port of Registry and all ships registered here are
designated British ships and fly the BVI Marine Ensign (British Red
Ensign with the BVI crest). The BVI is amongst a select group of
Caribbean destinations that enjoy the benefits of being part of the
United Kingdom s Red Ensign Group of Registries and are now recognised
worldwide as having an international Category 1 ship registry operating
to the highest standards of a British Port of Registry.

We
are a specialized company in taking care of boat registrations for our
clientele around the world. We offer registrations in many different
jurisdictions including the British Virgin Islands (BVI). As you can
read below, we can register a boat owner from the UK, EU and EEA as a
private owner or we can setup a BVI company for you that will own the
vessel (and you own the BVI company). Setting up this BVI company can be
done at a fixed fee of $1625 USD and can be finalized in just a couple
of days. The total BVI company renewal fee including state taxes is 1050
USD after the first year. And the boat renewal fee for boats up to 24
meters is 550 USD all inclusive and 750 USD above 24 meters, all
inclusive.

Who can register with the BVI registration?

BVI Vessel registrations are available to citizens of and companies registered in

• The BVI

• The United Kingdom and its Crown dependencies and overseas territories

• A member of the European Union (EC) or European Economic Area (EEA)

• The Caribbean Community and the Organization of Eastern Caribbean States.

Should I register as private owner or company ownership?

• Often

clients opt to set up an incorporated BVI company for the sole purpose
of holding a ship, the benefits of vessel being hold by a BVI company

are

• Protection of asset from confiscation orders from foreign governments

• No disclosure or minimum capital requirements

• Ease of maintaining and operating the BVI company

• Confidentiality and anonymity for the shareholders and directors of the BVI company

Which vessels can be registered in the BVI

• Cargo ships of unlimited tonnage

• Yachts of up to 3000 gross ton

• Vessel previously registered under category 2

• Pleasure crafts and yachts up to 400 gross which is about maximum 45 meters

• Cargo and commercial craft of up to 150 gross which is about 24 meters in length.

Which documents are needed to register a vessel in the BVI

• Original bill of sale

• Original builders certificate OR CE certificate

• Certificate

of Survey and Tonnage Measurement (CAN BE DONE BY ANY SURVEYOR
ANYWHERE, AS LONG AS HE IS APPROVED BY ONE OF THE 7 SURVEY INSTITUTES.

• Deletion of previous registration (if applicable)

• Application to register (we take care of this – you need to sign)

• Declaration of Eligibility (we take care of this – you need to sign)

• Certificate of Incorporation (if registering as company)

• Deletion of previous registration (if applicable)

• Closed Transcript and an extract of register (only if the vessel is coming off a Red Ensign Register)

• All documents need to be notarized and also if documents are not in English, they need to translated and notarized.

How much does it cost to renew my BVI boat Registration?
Depending if you have registered as a person, a UK Ltd or a BVI company. The renewal fees will be the following:

• Boat renewal up to 24 meters: 100 USD state renewal fee + 250 USD representative fee + 200 Service fee = 550 USD

• Boat renewal over 24 meters: 300 USD state renewal fee + 250 USD representative fee + 200 Service fee = 750 USD

Additionally if you have registered a BVI company, the yearly company renewal fee is as follows:

• BVI annual company renewal fee: 1050 USD per year