Yachts have been registered in the Isle of Man for many years but more recently, yacht owners and operators have further recognised the Island as an economic and efficient centre for ownership and, in some cases, the management of the yachts registered in the Isle of Man or elsewhere.
Benefits
Oakfield Maritime Limited provides a comprehensive range of services including the formation of
zero and low tax Manx companies to cater to all aspects of ship and yacht registration and management.
The key benefits of registering a vessel in the Isle of Man include:
Favourable tax treatment
No annual tonnage tax
Beneficial VAT arrangement
Security of mortgages registered on the Island that provides excellent security to lenders.
The prestige of the Red Ensign and the support of British consular services
A quick and efficient registration process
Professional Corporate Services
The register is a prestigious, independent, International British Register
Services Provided:
Formation of zero and low tax companies in Isle of Man and other jurisdictions to cater to all aspects of ship and yacht registration and to suit your requirements and circumstances.
Registration of Super yachts of 24 metres LOA and over. Oakfield Maritime are accredited by the Isle of Man administration to act as the ship's representative.
Yacht Financing
VAT planning
Obtaining Radio Licenses
Yacht Hull Insurance and Crew Indemnity Insurance
Financial Services including Company Accounts Preparation, Vat registration and quarterly administration, payment of all expenses and crew wages
Personal Details:
Michael Souter has been involved in shipping and yachting, and financing for a period of over 15 years. He has a depth of knowledge of the registration and operational requirements of private and commercially chartered yachts.