How do I register a yacht

Individuals who purchase a yacht are highly advised to register their yacht under the most suitable flag state to ensure their vessel is safe and secure. The process of registering a yacht is often complex, largely depending on the jurisdiction in which you register your yacht, therefore, it is advised to seek the assistance of a professional consultancy firm to ensure that the procedure is completed in an efficient manner.

The procedure of registering a yacht

The process of yacht registration entails several stages and requires the yacht owner to consider a number of factors in order to determine the most favorable location. There are a number of questions that must be answered before beginning the registration procedure. For example, you must assess the costs involved to register a yacht, as well as governmental fees and taxes.

The main decision that determines the entire yacht registration procedure is choosing the jurisdiction to register in. This decision strongly influences the registration process, as each jurisdiction follows its own rules and regulations and therefore has different requirements when registering a vessel.

In order to register a yacht you will be required to provide a range of information outlining the details of your yacht. This information includes the full name of your vessel as well as the jurisdiction you intend to register it under. In addition, all particulars of the craft, including the specific dimensions, engine size and country of origin are required, in order to make the initial application. Furthermore, detailed information about the vessel’s owner is required, including their country of residence, bankers’ reference and a certified passport, amongst other documents.