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Superyacht Registration

Superyacht Registration

There are many flag state options available with varying regulations and there can be significant tax and crew employment advantages depending on the jurisdiction chosen. Fiduchi can advise you on the most suitable registry and register your superyacht.

Yacht & Superyacht Registration, Yacht Flag State, Red Ensign, Jersey Red Ensign, Jersey Yacht Registry

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Working closely with you and your chosen advisors, Fiduchi can advise and undertake the necessary registration requirements, to ensure no surprises to the continual enjoyment of your vessel around the globe.
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How Fiduchi can help

Fiduchi Yacht Services team have over 40 years experience assisting international yacht owners with their yacht registration requirements. Formally known as Jersey Yacht Management Limited, our team work closely with trusted advisors around the globe, and a network of contacts at preferred jurisdictions used by superyachts for registration.

Why choosing an appropriate flag jurisdiction is important

Choosing a registry that has a worldwide reputation for efficient management and administration and political stability is a part of the smooth running of any superyacht. To do so otherwise can have a detrimental effect, as a yacht flying a flag that does not have a good reputation may be targeted by Port States and Customs. Lenders and insurance companies will also review ‘flag state’ compliance with international regulations and this can affect the decisions of lenders and underwriters. Fiduchi has helped many clients with registeration of their vessels around the world.

Key factors to consider when selecting your flag state

  • The place of residence of the owner;
  • Area of navigation (EU, non-EU, areas of the EU where specific rules apply, eg Spain and Greece, USA, Asia);
  • Use of the yacht – pleasure, commercial or a combination of both;
  • Characteristics of the yacht (date of build, length, tonnage, conformity with any commercial code, and international conventions;
  • VAT/tax status of the yacht;
  • Place of delivery;
  • Nationality of the crew;
  • Finance arrangements (marine mortgage, loan or leasing).

Flag Option 1: Red Ensign Group (REG)

The principal registries of REG are Bermuda, Gibraltar, Jersey, Guernsey, Turks & Caicos, Isle of Man, British Virgin Islands, Cayman Islands and the United Kingdom. The REG has an excellent worldwide reputation and benefits from British Consular Support, which can be useful when dealing with crew issues. There are differences within the Group in relation to fees charged, eligibility requirements, rules of use. Therefore a thorough understanding of each flag is required to ensure the most suitable jurisdiction for a yacht’s individual circumstances.

There are two categories to choose from:

Red Ensign Group - Category One

Registration of yachts of unlimited tonnage, type and length (UK, Bermuda, BVI, Cayman Islands, Gibraltar and Isle of Man)

Red Ensign Group - Category Two

Registration of all vessels that up to 400 GT (Anguilla, Falkland Islands, Guernsey, Jersey, Montserrat, St Helena, Turks & Caicos). Jersey is unique in that it is the only jursidiction that can offer this facility for both commercial and pleasure vessels.

The Jersey registry specialises in pleasure and commercial yachts up to 400 GT. Owners must be British, from the Commonwealth, overseas territories or crown dependencies, or EU individuals or companies with a principal place of business in an appropriate jurisdiction. The certificate of registry is valid for 10 years and there is no annual fee.

Local Red Ensign Group Representative In Jersey

The owner of a vessel either registered in Jersey is required to nominate a Representative Person if that owner does not have a place of residence in the Island. This is applicable also where the ownership is vested in a company that does not have a place of business in the Island. In this situation, Fiduchi will act as local representative.

Flag Option 2: Malta

For navigation within the EU, besides the UK, Malta’s pragmatic approach provides for tax advantages for commercial yachts and a leasing scheme for pleasure yachts. See VAT section for further details re Maltese leasing arrangements.

Flag Option 3: Marshall Islands, St Vincent & The Grenadines

The Marshall Islands are another popular offshore choice. This registry has adopted many of the IMO regulations. The Marshall Islands and St Vincent & The Grenadines allow qualifying pleasure yachts to charter up to 84 days per year but during charter they are subject to surveys on lifesaving, safety, firefighting and a minimum safe manning certificate.

Testimonials

"THANK YOU TO OUR GUARDIANS!

I would like to extend a BIG thank you to the Fiduchi team for taking such good care of me and my business. It's reassuring to know that there are some guardian angels out there to look after us."

Founder & CEO - SUPERLUXE Events

"Thank you very much for your professional assistance (and patience) in helping us transfer our shares and assets into the new Trust. I know that it has taken longer than expected. Still, your professionalism and continued support have helped us achieve the desired outcome."

Chairman and CEO

"My sincere thanks for the assistance you have provided the advisory committee by coordinating directly with the charity to formalise an agreed donation plan."

Private Client (Charity)

"Many, many thanks for your hard work and speed at setting up our client's Private Investment Company in just 24hrs! Your flexibility and communication throughout the whole process have been appreciated, and the feedback has been tremendous......

Thank you."

Major UK Law Firm

"Thank you, everyone, for delivering this significant re-structure to our family assets and within a very tight timeframe.

Great to get this finalised!"

Mr. C - Private Client

"THANK YOU TO OUR GUARDIANS!

I would like to extend a BIG thank you to the Fiduchi team for taking such good care of me and my business. It's reassuring to know that there are some guardian angels out there to look after us."

Founder & CEO - SUPERLUXE Events

"We consider Fiduchi an important strategic partner of ours. Over the years they have proven themselves to be professional and extremely thorough. Combined with this professionalism, they are always a pleasure to deal with and we are pleased with their service levels."

Mr. P.E, Managing Director, W Ltd.

"We consider Fiduchi an important strategic partner of ours. Over the years they have proven themselves to be professional and extremely thorough. Combined with this professionalism, they are always a pleasure to deal with and we are pleased with their service levels."

Mr. P.E, Managing Director, W Ltd.

“I am very impressed with the professionalism and efficiency Fiduchi Limited demonstrated during the establishment of our employee benefit trust. They coordinated the process seamlessly and provided us with valuable advice and guidance to ensure compliance with our regulatory and legal responsibilities. Throughout my engagement with the team, I have found them to be approachable and easy to work with.”

Mr. P.B. FE Ltd.

"Thank you for helping us with the establishment of our real estate fund."

Startup Fund Manager

"Thank you so much for helping my client register their vessel with the Red Ensign Group and all the other advice and support you provided!"

Trusted advisor to Yacht Owner.

"Fiduchi's yacht team provides a first-class service! In particular with assisting us with our crew banking requirements and payroll services. Whenever we need assistance, they are just a phone call away!"

Superyacht Captain

Our online share plan platform allows for the easy administration of a large range of employee plans including: LTIPs, EMIs, CSOPs, SIPs & SAYE plans.

Key features of our online share plan platform

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Web enabled, 24/7 access to all plan information for company stakeholders

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Information updated in real-time

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Ability to view and filter all participants 

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Access to suite of pre arranged, Business Intelligence reporting

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Complete management oversight and control for company

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Ability to create and schedule your own reporting 

"Fiduchi's Online Share Plan Administration portal, has saved time, money and paper, and [it] allows us to become more efficient in the managing of our employees share awards. It's really fantastic what an impact this platform has made."

Micheal S
Head of People - Tech startup company.

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Easy Onboarding

Onboarding of your data to our online platform is easy regardless if you choose a fully-managed or self-service in-house solution. By making the switch to our platform, you can upgrade from having to manage your share plan data on complicated spreadsheets. Plus to make the process as simple as possible, our experts will guide you every step of the way and we also provide helpful guides.

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Global Compliance

For businesses who opt for our fully managed solution, our platform is able to deal with each business's unique requirements. When it comes to dealing with exact legal and regulatory issues, our platform will be able to automatically determine the actions required for each award or vesting, specific to the country in which the company operates. Therefore minimising the risks and allowing full compliance from a legal and regulatory position.

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Data Security

Our platform uses the highest standards to protect the valuable data and assets we hold on behalf of our clients. We have a team of in-house cyber security and IT professionals to protect our system and carry out security audits, due diligence, penetration testing and to oversee potential threats. We are fully regulated, accredited and certified by a range of statutory and non-statutory bodies including the US Department of Commerce’s Privacy Shield.

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Branded User Portal

Our platform can be branded to match your company's own brand, therefore becoming a professional extension of your employee benefits. You can set role-based access and let your employees and shareholders log into their own online branded share platform anytime, anywhere and see exactly what shares they have and how much they are worth. They can also easily accept grants, exercise options, calculate potential payouts and more.

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Find out how we can help with your employee incentive plan below

Our experienced employee services team are here to answer any questions you may have regarding all types of employee incentive plans. With a wealth of knowledge and expertise, they will be able to advise you on the best solution that meets your business needs.  

You can telephone our employee incentives team on: +44 7797 831 648 or +44 7415 918 046

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