If you own a yacht or a shipping vessel, you may be considering making Vanuatu your home port. If so, you will need to register your vessel. This is an intricate procedure, yet if followed to the letter, is definitely feasible. Are there certain criteria that must be met in order to be eligible for sea vessel registration? The answer is “yes,” as it would be in any country in the world. Do not let that discourage you, most likely you will be eligible. This blog will elaborate on who is eligible and what they must do.
The First Steps
First and foremost, your sea vessel must be seaworthy. This is true whether it is one yacht exclusively used for pleasure or a fleet of commercial shipping vessels. Each vessel you intend to register must be in superb condition and deemed seaworthy.
Secondly, no vessel in your possession may be more than 20 years of age from the time of its completion. It is possible for this particular condition to be waived ONLY by the Commissioner or his or her Deputy Commissioner. In order to obtain a waiver, the vessel must be proven to still be in TOP condition. After all, everyone’s goal in sea vessel registration is SAFETY.
Continuing on with Registration Eligibility
The owner of the vessel or fleet of vessels has to be a citizen or a national of the country of Vanuatu. If someone owns a business registered in Vanuatu, that should be sufficient enough criteria for him or her to qualify to register a yacht or ship.
If it is a yacht to be utilized solely for pleasure, it needs to be more than 50 net registered tons in weight. In this case, there must be documentation signifying this yacht will never be used to carry cargo or passengers.
There could be instances where these criteria are waived; however, it has to be criteria approved by the Commissioner or Deputy Commissioner. If you lack sufficient understanding of any of these listed criteria or conditional waivers, it is best to have your representative firm in charge of this. Then your representative can make sure you do understand everything.
Hiring a Firm to Represent You
This is not only a good idea if you intend to do business and banking operations in Vanuatu, but also if you want to register your sea vessels. You need someone with first-hand experience in Vanuatu formalities and regulations. Doing it on your own is possible, but could result in many headaches. It is much better to hire someone to guide you. Then every aspect of Vanuatu will be easy and profitable for you. This includes your yacht and/or shipping vessel registration. So, whom should you hire? Keep reading!
Trade Board Limited Can Help
TOP Company Formation (TCF) is owned and operated by “Trade Board Limited”. Trade Board Limited is an authorized agent of the government of Vanuatu to process yachts and shipping vessels registration applications for clients from all over the world. Your application will be processed professionally and legally in short time. Trade Board Limited also offers additional services, being a Vanuatu Financial Services Commission agent and holding a PR license from the said commission allows The company to form companies in 3 days for clients from all over the world. All services are done remotely with no need for physical presence. Trade Board limited also promote Vanuatu permanent residency program and is a sub-agent for Vanuatu Citizenship Program.
Open a bank account, become a citizen, create an offshore company; all in Vanuatu. It is so beautiful to visit there. Now you will have an excuse. Read all about how to do these things at https://tradeboard.biz.