Gibraltar Advantages

 

Although Gibraltar is within the European Union, by virtue of being an Overseas Territory of Great Britain, it is in accordance with the terms of Accession outside the Customs Union.  Gibraltar is out of the VAT zone and has no VAT system.

 

From a legal perspective, registering a yacht in Gibraltar offers many advantages of security and reliability:

 

• The yacht will fly the defaced British flag (Red Ensign) together with the international recognition, protection and prestige that comes with it.
 

• The ability to seek assistance from any of the British embassies and consulates worldwide where the vessel may be situated.
 

• Legal title of yacht ownership on registration or transfer of ownership is straightforward.
 

• All vital details concerning the yacht is contained in the Register, and in the Certificate of British Registry (‘Blue Book’).
 

• The Register is a public record, open to inspection by interested third parties, such as buyers, and/or potential lenders, offering security as to title.
 

• The Register enables the owner to dispose of the yacht easily in a cost-effective and timely manner.
 

• All legal mortgages are required to be registered, enabling interested parties to ascertain from this public record whether a yacht is free from encumbrances or registered liens.