The Island has a maritime industry with a long history, with the first vessel registered in 1786. Importantly, whilst vessels registered on the Island are subject to a separate jurisdiction with major advantages, they are still deemed to be British and can fly the Red Ensign. Other benefits include:
- high quality and professional ship registry with 24/7 service;
- competitive costs and favourable tax;
- no annual tonnage dues;
- not a flag of convenience;
- full political support;
- ISO 9001/2008 accreditation;
- demise registration both ‘in’ and ‘out’ available;
- VAT registration;
- security of mortgages.
Fedelta is perfectly positioned to help merchant vessels and private yacht owners take advantage of these benefits. We are an associate member of the Isle of Man Shipping Association and can offer a host of supporting services, such as tax efficient ownership and chartering structures, registration, management and administration, payroll, insurance, maritime authority liaison, VAT registration with quarterly returns and preparation of annual financial statements.
Contact us to discuss what Fedelta and the Isle of Man can offer you.
Further information is available from the Isle of Man Ship Registry website.