Jump to content
DrWatson

Cayman Islands Registry?

Recommended Posts

Yeah i see  CI reg is likely to be a few thousand straight off the bat, + surveryors fees + notary +  Appointment of a Cayman Representative Person (of course a service charged for) + a few other hoops + annual fee. Might be worth it though.

 

The registration issues are manifold:

 

1. Boat is owned by a German, so it can't be reg in NZ until she's got a permanent nz residency permit.

 

2. We're not resident in EU and are legally exporting from EU so I'm not in a hurry to pay 20% VAT voluntarily, just for the ease of registering in an EU land. You have 18 moths for boat to leave the EU after exporting. Additionally, I've read that if you take an EU tax paid boat out of EU for +3y, you have to pay VAT again when you come back! (which sounds like theft). 

 

3. Happy to pay Swiss VAT import it to Swissland and register it as Swiss but a.) nowhere to keep it here, and b.) not a citizen so can't register in the Swiss ocean registry (Cat. A or B boats).

 

hence the requirement for an alternative flag.

Share this post


Link to post
Share on other sites

Yeah i see CI reg is likely to be a few thousand straight off the bat, + surveryors fees + notary + Appointment of a Cayman Representative Person (of course a service charged for) + a few other hoops + annual fee. Might be worth it though.

 

The registration issues are manifold:

 

1. Boat is owned by a German, so it can't be reg in NZ until she's got a permanent nz residency permit.

 

2. We're not resident in EU and are legally exporting from EU so I'm not in a hurry to pay 20% VAT voluntarily, just for the ease of registering in an EU land. You have 18 moths for boat to leave the EU after exporting. Additionally, I've read that if you take an EU tax paid boat out of EU for +3y, you have to pay VAT again when you come back! (which sounds like theft).

 

3. Happy to pay Swiss VAT import it to Swissland and register it as Swiss but a.) nowhere to keep it here, and b.) not a citizen so can't register in the Swiss ocean registry (Cat. A or B boats).

 

hence the requirement for an alternative flag.

What's the issue with the Dutch registry, is it a vat issue? Couldn't you register as Dutch bit with vat paid in Switzerland?

Share this post


Link to post
Share on other sites

I am trans ocean Reg and have enquired with nz customs, plus have talked to other nzers who have left with TO Reg no problems apparently. There are thousands of boats sailing worldwide using it to clear in and out of everywhere. Hopefully I will leave later this year for Fiji, no problem returning asNZ customs records the fact that you left in a nz boat although not NZ registered,and will not try to charge duty etc on returning

I'm confused about trans ocean, I thought it just provided a recognised proof of ownership, a lack of which can be an issue where registration isn't compulsory like NZ and UK. However that's a different issue from ship registry. Every yacht traveling overseas must have a flag state registration, only flag states can issue that, trans ocean won't be able to issue a flag state registration for any nation... or can they? That's what you are saying, but I can't see how it's done.

 

In your case are you sure trans ocean aren't just providing you with proof of ownership, but your boat is remaining on its current shipping register (which in your case might be Vanuatu from memory?).

Share this post


Link to post
Share on other sites

Trans ocean is a german club most members are German citizens and so will fly the German flag however they also have many members from other countries who use the registration. I get sent a lovely magazine every 2 month with lots of interesting sailing articles all in German. The certificate lists your home port which for me is Im nz.

Share this post


Link to post
Share on other sites

Like TL I ran it past customs here and was told ok. Yet to be fully tested.

You mean trans ocean?

 

I'm intrigued about it, I can't see how registering with a German private club counts as flag state registration for clearing purposes. I'm keen to know how it works in a legal sense.

Share this post


Link to post
Share on other sites

The proof of ownership is interesting my last boat I bought in Australia and registered in NZ before sailing to Auckland. To register in nz they changed 1000$ but required no proof of ownership receipts etc just a photo of the boat. At least trans ocean asked for receipts covering purchase and preferably going back 5 years.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...