News: Yacht and Ship Registration in St. Vincent and Grenada.

St. Vincent and Grenada is a chain of islands located in the eastern Caribbean on St. Vincent in the north to Grenada in the south, about 1,600 miles southeast of Miami.

St. Vincent and Grenada consists of several island and participates in organizations such as the British Commonwealth, the United Nations, the Organization of American States, the International Labour Organization, the Caribbean Community and the Organization of Eastern Caribbean States. Financial capital, Kingstown, located on the island of St. Vincent . English is the official language, and Queen Elizabeth II is head of state, represented by the local manager, Sir Frederick Ballantyne.

In

St. Vincent laws, which not only reflect the best elements of modern offshore of the legislation, but also take into account all the realities of the information age to cancel and technological progress. In Saint Vincent laws regulating activity: international business companies, international banks and international trusts, as well as a law banning the disclosure of confidential data in the financial services industry. For a foreign client (both corporations and individuals) St. Vincent offers a secure and modern environment for business with a foreign element, stable and predictable legal system based on English common law.

Law & Trust International offers assistance in registering yachts and other vessels under the flag St. Vincent and Grenada .

St. Vincent and Grenada, a member of the IMO (International Maritime Organization) since 1980, is also a member of the Baltic Exchange (Baltic Exchange - Commodity and Freight Exchange, acting as an independent global market on the conclusion of brokerage contracts for shipping.) and its Registered flag fleet is in the top 20 of the world's leading navies.

Requirements property :

yacht or other type of vessel may be registered or re-registered under the flag of Saint Vincent:

• An individual who is a citizen and resident of St. Vincent and Grenada.

• A legal person or association registered in accordance with the laws of St. Vincent and Grenada.

• A legal person, association or partnership, registered outside the jurisdiction of St. Vincent and Grenada, but who appointed registered agent in St. Vincent and Grenada (in practice it will be International Business Company or IBC for short, that we can register for you ). We can also provide registered agent in St. Vincent and Grenada.

Court should not be older than 18 years (no more than 15 years for tankers), unless granted special permission. This condition does not apply to vessels registered for use solely as a scrap of metal.

Benefits of registration of yachts and ships in St. Vincent:

• Certificate of registration is recognized throughout the world;

• Facilitates the registration of the mortgage, change / transfer of ownership;

• St. Vincent and Grenada is one of the leading jurisdictions (yachting destination) in the Caribbean, with excellent facilities, marinas, accommodations and services for you and your vessel.

• St. Vincent recognized as a leading offshore financial center with stable economic conditions, the English language as the official language of documents and stable legal system.

Registration fee:

1. Registration fees with IBC and c a registered agent in Saint Vincent

• State of registry 725 USD
• annual fee (annual payment) 370 USD
• Certificate of Registration 290 USD
• Statement sale 70 USD
• Property Declaration
• 70 USD
• Delivery of documents you
• 115 USD
• Registration IBC 970 USD
• Total first year 2610 USD

2. Registration fees without IBC and without the services of a registered agent in Saint Vincent

• State of registry 725 USD
• annual fee (annual payment) 370 USD
• Certificate of Registration 290 USD
• Statement sale 70 USD
• Property Declaration
• 70 USD
• Delivery of documents you
• 115 USD
• Total first year fees 1640 USD

NOTE:

1. Annual fee for a vessel of less than 400 tons (gross weight) 250 USD

2. Annual fee for a vessel over 400 tons 250 USD plus 1,00 USD 1.00 per tonne over 400 tons

3. Annual fee for IBC (if required) is 725 USD.

Company Law & Trust International has a vast experience in the field of registration of yachts and ships in Offshore jurisdictions, and St. Vincent and Grenada in particular, highly qualified professionals who offer you a high quality legal services and will accompany the whole process of registering your vessel in the offshore . For more information, contact the our specialists .