KHCS | UK & International Corporate Consultancy
Ship & Yacht Registrations
KHCS provides bespoke superyacht and ship registration services through its agents based in various jurisdictions to meet a client’s needs eg the Isle of Man, Seychelles, British Virgin Islands, Channel Islands. Our aim is to remove the administrative burden from yacht owners to enable them to enjoy their yachts. Our professional services extend from yacht registration to providing a complete yacht management service through a dedicated point of contact.

Our professional services cover all aspects of yacht management and administration which can be tailored according to the level of assistance required. They range from the payment of day to day expenses, overseeing the recruitment of crew and ensuring that all manning requirements are met, to book-keeping and the preparation of financial statements. As a valuable and prized asset, it is imperative that all our clients' yachts carry fully comprehensive insurance against all marine risks. We are also able to negotiate favourable premiums through our contacts with specialist brokers and underwriters whilst ensuring the maximum level of cover for clients and their yachts.

Our shore-based assistance through our local agents enables the vessel to operate smoothly and efficiently by dealing with all statutory and administrative requirements leaving the Captain free from dealing with time consuming administrative tasks to concentrate on the day to day operations.

Registration is one of the most important aspects of yacht ownership as the Registry provides proof of title, it offers the security of mortgages to the Banks and to a potential buyer, it confirms that the yacht is free from any encumbrances. The Isle of Man has a long and distinguished maritime history and today is recognised as one of the most prestigious Flag states. Consequently, we primarily register yachts and ships under this jurisdiction.

Some of the key benefits for registering in the Isle of Man include:

  • Favourable tax treatment
  • No annual tonnage tax
  • Beneficial VAT arrangements
  • Security of mortgages registered on the Island
  • A Bareboat (Demise) Charter Register enabling vessels to be demise chartered registered
  • The prestige of the British Red Ensign and the support of consular services
  • A quick and efficient registration process
  • Political Stability in the Isle of Man is maintained (1,000 years of continuous Parliament)
  • Flexibility in registered ownership requirements
  • A one-off low initial registration fee
  • Classification

The Classification Societies recognised by the Isle of Man Marine Administration are:

  • Lloyds Register of Shipping (LR)
  • Germanischer Lloyd (GL)
  • Bureau Veritas (BV)
  • Det Norske Veritas (DNV)
  • American Bureau of Shipping (ABS)
  • Registro Italiano Navale (RINA)
  • Nippon Kaiji Kyokai (Class NK)

KHCS can offer a full range of corporate and trust services which can provide several benefits to include:-

  • Tax Mitigation
  • Avoidance of transfer taxes upon sale
  • Avoidance of Inheritance Tax
  • Corporate tax exemption on chartering income
  • Confidentiality
  • Ownership via a trust or shares held in Declaration of Trust
  • Asset Protection
  • Through limited liability
  • Flexibility
  • When selling the yacht by transferring shares of the company

Please Contact Us for further information.