St. Vincent and the Grenadines Yacht Registry Overview
What you should know about yacht registration in St. Vincent and the Grenadines.
St. Vincent and the Grenadines yacht registry overview is a free public service designed to inform boaters about national registration requirements, recording methods, and record search lookups in St. Vincent and the Grenadines. This includes essential references referrals for the most detailed and accurate information currently available.
St. Vincent and the Grenadines Yacht Registry
St.
Vincent and the Grenadines (SVG) offers a reputable yacht registry under the
governance of the Ministry of National Security. Located in the
Caribbean, SVG is an English-speaking nation known for its favorable
maritime regulations and efficient online registration process. The
registry is accessible to international yacht owners, providing benefits
such as low registration costs, simplified procedures, and a favorable
tax regime.
Registry Administration
St. Vincent and the Grenadine Maritime Administration oversees yacht registrations, with the Registrar of Ships, Ms. Jillianjoy Davis, based in Kingstown. Additional offices are located in Geneva and Monaco, facilitating global access to services.
Registry Requirements
To register a yacht in St. Vincent and the Grenadines, ownership must be by a citizen domiciled in SVG, a local company, or a foreign company with a registered agent in SVG. Vessels should not exceed 18 years in age, with some exceptions up to 22 years, and must undergo an inspection by an approved surveyor.
Recording Provisions
St. Vincent and the Grenadines allows the registration of mortgages and liens on vessels. The underlying debt instrument does not need to be filed with or attached to the recorded mortgage, but if not attached, the mortgage may not be effective against third parties.
Registry Search
Vessel ownership and mortgage information in St. Vincent and the Grenadines is publicly searchable through the registry. Official transcripts and extracts can be ordered from the Registrar of Ships for due diligence, financing, or transactional purposes. This transparency adds credibility to the flag and ensures that records are reliable.
Taxation
St. Vincent and the Grenadines offers a favorable tax regime for yacht owners, including no annual tonnage tax, no capital gains tax, and no VAT on yacht registration. This makes it an attractive option for international yacht owners seeking tax efficiency.
Confidentiality
St. Vincent and the Grenadines maintains a high level of confidentiality for yacht owners. While transcripts of registry are available, they do not disclose ownership details, ensuring privacy. Corporate entities can further enhance confidentiality through nominee structures.
Conclusion
This overview was compiled by a maritime professional and enhanced with AI technology. While we strive for accuracy, the content may contain errors, omissions, or misstatements and is subject to change without notice. Before acting on this material, you should consult the appropriate authority or a qualified legal professional.
References and Referrals
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