Effects of Brexit on sailing under UK flag?

[HelloBoat]

There are plenty of boats out there with electrical systems capable of working outside the US.

I know it works, hence I said long term. Imagine that if you are in spain and you need 120V components because something broke down it won't

It doesn't seam to be a problem for Russian gangsters. A Red Ensign is apparently a popular fashion statement for them.

Are working in the US but not a permanent resident. Or are you a permeant resident.
I wonder why you don't want a US flag vessel. The US Flag is available to residents and state registration is quite easy. My boat is registered in Oregon not a problem. I would imagine life is easier moving around with the US flag or a Sate registered boat. particularly if you exit and re-enter the US by boat .

Changing the flag at a later date should you choose to bring the boat back to Europe should be just as easy as getting a British flag now.

Should you at a later date choose to move back without the boat selling a US Flag boat in The US would be quite a bit easier than trying to sell a British flag boat in the US.

I might need to read up on how to become a Russian gangster then, any good howtos out there you care to share?

The main reason for not wanting a US flag is that I do not know how long I will remain in the US, if the job requires to go back to the EU I will not have an address in the US. I assume this will eventually happen hence my idea is to go European straight away

But reason for this thread is to explore all options and so far I have found numerous things I am looking into, so thanks !

 

[langstonelayabout]

I can setup a UK company online within hours for very low fees. To open a similar company in the Netherlands I would have to go to a notary, pay 15x and it will take weeks.
I can't just put the boat on my name because at the moment I am not a resident.
So if I would do it under a UK company, I figured I might as well sail under a UK flag unless something major would come up here on this forum after I posted my question.



I understand all that but if I buy a used boat with VAT paid and I register it for let's say on the cayman islands I am loosing that VAT paid status because I export the boat out of the EU as far as I can tell. So if I would ever come to the point that I would want to sell the boat again, I am facing a serious downside if I want to sell in the EU. So in my mind, UK company would be the fastest and easiest right?

My accountant used to half joke: make sure your business accounts NEVER show anything to do with boating or horses, otherwise HMRC will take a more than enthusiastic look at your accounts.

And remember, whilst it is very easy and very cheap to create a UK Limited company, you have to close the flippin' thing and it has to be closed in good order or by court order. I hope your accountant keeps your accounts in good order to ensure that Companies House will accept the closure.

 

[Tranona]

I know it works, hence I said long term. Imagine that if you are in spain and you need 120V components because something broke down it won't



I might need to read up on how to become a Russian gangster then, any good howtos out there you care to share?

The main reason for not wanting a US flag is that I do not know how long I will remain in the US, if the job requires to go back to the EU I will not have an address in the US. I assume this will eventually happen hence my idea is to go European straight away

But reason for this thread is to explore all options and so far I have found numerous things I am looking into, so thanks !

You are right to avoid US registration. The only thing that counts internationally is USCG which I don't think is available to non nationals. state registration is but is not international, although Delaware registration is de facto acceptable in some countries in the Med, but is a legacy from the days when these countries were under isolated and restrictive regimes.

As we know, many Russians are economically active outside Russia and particularly in the UK. So there is nothing unusual about them registering their boats on one of the Red Ensign registers.

 

[Spirit (of Glenans)]

You could look into registering it in a French territory in the Caribbean as these are considered to be part of metropolitan France.

 

[macd]

You could look into registering it in a French territory in the Caribbean as these are considered to be part of metropolitan France.

...but not part of the EU VAT area. (Which may or may not be of interest to the OP, but he's better off knowing it.)

 

[Tranona]

You could look into registering it in a French territory in the Caribbean as these are considered to be part of metropolitan France.

How do you know if he is eligible for that, and what advantage would there be for him?

 

[moomba]

He is eligible due to being an EU citizen and the french overseas territories are classed as a part of France so there citizens are French citizens and their flights to and from France are classed as domestic flights and are charged accordingly , and the best part is they also receive EU funding so if you ever make it to Reunion Island in the Indian ocean and drive around the Island in there new road the EU funded it like they would fund an EU project in the UK, it makes you wonder why we don't do this with our overseas territories , then we wouldn't have issues like the Windrush scandal or when a hurricane hits they get help and aid right away. (sorry rant over)
The only advantage would be it will be a French registered boat and still part of the EU so he must fly the French Flag and comply with French shipping legislation

 

[moomba]

It is not a good idea to let Part 1 lapse. Although the charge is higher than Part 3 it it is a very different kind of registration in that it registers your title to the boat which part 3 does not. No more complicated - just forms to fill in and money to pay to transfer into your name and when you come to sell you will bless your decision to pay a few pounds extra as buyers are generally much happier buying a registered boat as that gives extra security that they will have good title.

There is always pros and cons with each registration
£124 for part 1
£25 for part 3
Part 1 registration the boat must have a unique name so that there is no duplicate boat name in the register , so there goes Winddancer ! also the name and port of registration must be displayed on the Transom , there are no rules on boat name placement on part 3 only your registration number SSR
SSR:
The Small Ships Register is also an inexpensive alternative to the Part I Register, and provides
yachtsmen with the necessary documentation to prove nationality when going overseas
So not to bad
PART 1
The main advantage that a person has if their boat is on the Part I Register, is that it makes
it easier to sell the boat. The two main concerns of any buyer are “does the seller own the
boat?” and “is the boat subject to a marine mortgage?” These two crucial points are fairly
easy to check if a boat is on the Part I Register - you simply send a cheque for the
appropriate fee off to the Registry and ask for a transcript of the boat.
If a boat is of a significant value then it is worth considering registering on the Part I; it is
asking a huge leap of faith on behalf of any buyer to part with a significant amount of money
with no proof of title or mortgages! Registration currently costs in the region of £124, plus
you need a tonnage and measurement survey. It lasts for 5 yearshttps://www.rya.org.uk/SiteCollectionDocuments/legal/Web%20Documents/Legal%20Leaflets/Members%20Advice/Boat%20Registration%20in%20the%20UK/BOAT%20REGISTRATION%20IN%20THE%20UK.pdf

So there is no right or wrong it all comes down to what your doing with the boat how much it costs you, are you going to sell it , do you really have a name that some other person has , are you going abroad , etc, so an informed decision as always helps make the right decision

 

[Tranona]

There is always pros and cons with each registration
£124 for part 1
£25 for part 3
Part 1 registration the boat must have a unique name so that there is no duplicate boat name in the register , so there goes Winddancer ! also the name and port of registration must be displayed on the Transom , there are no rules on boat name placement on part 3 only your registration number SSR
SSR:
The Small Ships Register is also an inexpensive alternative to the Part I Register, and provides
yachtsmen with the necessary documentation to prove nationality when going overseas
So not to bad
PART 1
The main advantage that a person has if their boat is on the Part I Register, is that it makes
it easier to sell the boat. The two main concerns of any buyer are “does the seller own the
boat?” and “is the boat subject to a marine mortgage?” These two crucial points are fairly
easy to check if a boat is on the Part I Register - you simply send a cheque for the
appropriate fee off to the Registry and ask for a transcript of the boat.
If a boat is of a significant value then it is worth considering registering on the Part I; it is
asking a huge leap of faith on behalf of any buyer to part with a significant amount of money
with no proof of title or mortgages! Registration currently costs in the region of £124, plus
you need a tonnage and measurement survey. It lasts for 5 yearshttps://www.rya.org.uk/SiteCollectionDocuments/legal/Web%20Documents/Legal%20Leaflets/Members%20Advice/Boat%20Registration%20in%20the%20UK/BOAT%20REGISTRATION%20IN%20THE%20UK.pdf

So there is no right or wrong it all comes down to what your doing with the boat how much it costs you, are you going to sell it , do you really have a name that some other person has , are you going abroad , etc, so an informed decision as always helps make the right decision

All you are doing is repeating in more words the advice in post#33.

Of course it is an individual choice given that registration of yachts in the UK is not compulsory. Apart from the name restriction (but you can change the name if you want to) and the extra £20 a year there are no downsides to retaining the registration and the upside comes when you sell the boat. If you do let it lapse and you, or the new owner wants to register there may be significant costs.

 

[moomba]

I think you will find there is more information on the last post , giving people information is what these forums are about if it really urks you then don't read it
there is no 2 names that can be on part 1 registration , to name a boat on the registration and then change it on the transom might look rather suspicious to people wanted to but it.
there in no other cost like I have stated I took my boat of part 1 to part 3 it cost 25 pounds and some form filling and I got the name I wanted without much trouble , as the boat was on part one for the last 30 years there is already a transcript in place if any one wanted to search the boat history.
there are no significant cos
ts this is purely scare mongering . it cost 125 pounds to register on part 1 25 pounds on part 3 facts are important not what ifs.

 

[Tranona]

I think you will find there is more information on the last post , giving people information is what hese forums are about it it really urks you then dont read it
there is no 2 names that can be on part 1 registration , to name a boat on the registration and then change it on the transom might look rather suspicious to people wanted to but it
there in no other cost like I have stated I too my boat of part 1 to part 3 it cost 25 pounds and some form filling and I got the name I wanted without much trouble , as the boat was on part one for the last 30 years there is already a transcript in place if any on e wanted to search the boat history
there are no significant costs this is purely scare mongering . it cost 125 pounds to register on part 1 25 ponds on part 3 facts are important not what ifs

You seem a bit confused. The information you posted is freely available to anyone who has a boat that is on the register or is thinking of buying one that is - and indeed anyone else interested in the subject. No need to post them verbatim.
They can make up their own mind if they want to consider staying on the register or not. Pretty sure they will work out for themselves whether the extra cost of maintaining the registration (which is insignificant in relation to the costs of buying and running a boat) is worth it.

You can change the name of the boat on the register, but you may not get your first choice - just don't change it on the boat, but not on the register.

I am afraid I don't understand the garbled middle part of your post, nor what it is you say is "scaremongering".

 

[moomba]

please do not patronise me with you seem a bit confused or my written language, you come across rather upetty
this is a friendly forum and no need to take silly comments hiding in your language
some people do not have the time to research information that is why we have forums were people can share knowledge , all knowledge is written down some were, it can be hard for some of us to access this so please keep it civil and friendly

 

[Kukri]

The "trick" with Part One names is to add the magic words "of ...." after the name, so you can have as many "Wind Dancers" as you like, so long as in very small letters you add "of Havant", "of Moominland", "of nowhere in particular", etc.

Actually you don't even need to add the "of ..." bit, anywhere on the boat. Just on the Register and the Registration Certificate.

 

[Tranona]

please do patronise me with you seem a bit confused or my written language, you come across rather upetty
this is a friendly forum and no need to take silly comments hiding in your language
some people do not have the time to research information that is why we have forums were people can share knowledge , all knowledge is written down some were it can be hard for some of us to access this so please keep it civil and friendly

Do not read into things something that is not there.

I have spent a lifetime deciphering student essays so generally I can get the sense of what people are trying to say even if the language and punctuation is poor or non existent. However, I failed to get the sense of that passage.

None of what you posted is difficult to access for those who are interested. Makes sense some times to refer to particular aspects to emphasise or illustrate the point you are making but not usually necessary to quote long passages verbatim.

Offered in a civil and friendly manner!

 

[moomba]

I have spent a lifetime dealing with people like yourself that use wording to diminish a persons character, like I said d keep it friendly and happy and there is no issues again I reiterate this is a forum of information we do not all posses the knowledge or know how to access information that is why I help, if that information is of no interest to you, then please refrain from commenting, then peace will be restored
happy thoughts:encouragement:

 

[robertj]

Your turn tranona

 

[HelloBoat]

Guys let's keep it friendly shall we

 

[PuffTheMagicDragon]

I would suggest to find out the requirements for registering a yacht in the 27 countries that will remain in the EU after Brexit; not all of them have the same requirements, including the nationality of the owner or his place of residence, nor requirements of what the equipment needs to be. It is quite easy to obtain that information by Googling something along the lines of "Registering a yacht in xxxx". For some reason, Belgium, the Netherlands and Malta seem to be popular (especially Malta for Superyachts).

My present boat is Malta registered even though the annual registration fee seems quite steep for a boat that is less than 24metres long (€200 per annum). Previously she was wearing the Italian flag but the RINA requirements were oppressive. For example, one of them was that I had to carry at all times a liferaft for 8-persons because there are 6 berths plus 2 persons who could be on deck - even though I mostly sail solo! I could barely lift an 8-person raft off the ground, let alone deploy it! I regularly visit Italy and have no hassle except for a requirement for a copy of the insurance cover in Italian (provided for free by the insurers) and to have some of the flares within date (although I have never been asked for either).

Finding the correct official information I think would be the first step to make an informed decision.