Reflagging Boat

[cameron forsyth]

UK citizen purchasing US registered boat, thus boat has to be deregistered. I will be taking up residency on the boat cruising the Caribbean. What is the easiest or more convenient flag under which to register the boat?

[Vasco]

I would think UK for you.

[boatman61]

SSR.... £25 every 5yrs.... or till the next election...
Its not proof of ownership so you'll still need to produce a bill of sale clearing in/out but its dead easy...
Just go here https://mcanet.mcga.gov.uk/ssr/ssr/ fill in the on line form with a UK address... Bob's yer Uncle...

[cameron forsyth]

Thanks for the fee back; unfortunately I left the UK some 35 years ago and will have trouble demonstrating residence. That’s why I was thinking, BVI´s, Belize, Panama, ETC

[s/v Moondancer]

All you need is a UK address and a credit card...grandma still there?

[svcambria]

Originally Posted by boatman61

... Bob's yer Uncle...

How do you know Bob is his uncle? And for that matter, what does that have to do with the price of tea in China? This is all higgledy-piggledy...

Michael

[Jim Cate]

Originally Posted by svcambria

How do you know Bob is his uncle? And for that matter, what does that have to do with the price of tea in China? This is all higgledy-piggledy...

Michael

We know that Bob is his uncle because Penny is his aunt.

And China tea is readily available at the local Piggly-Wiggly.

Cheers,

Jim

[Zanshin]

Any mailing address in the U.K. will do - I have done 2 registritrations as Part I instead of the SSR. The vessel will need to be "de-flagged" from the U.S. and with that paper and the rest of the documentation (builder's certificate, measurement, bill of sale, etc.) plus fees sent into the British Registry you'll have your provisional or full registration within days. The downside is you'll need a tonnage survey and that might not have already been done.
An alternative is to get a BVI registry, which can be done in your name as you are from an EU country, or you can create an IBC and register the boat in the name of the BVI corporation, which can be a way to avoid such things as death tax as the corporate ownership can be passed on without paying the U.K. taxes on the value behind those shares.