The British Virgin Islands'(BVI) reputation as a premier sailing destination has also made it an attractive choice for the registration of vessels. The BVI Shipping Registry is a founder member of the Red Ensigne Group (REG) of British Registers. Until recently, it had concentrated on, and sustained, a niche as specialists in pleasure yachts registration.  However, the BVI Shipping Registry recently upgraded in September, 2015 to a full category 1 REG Registry, capable of registering pleasure and commercial vessels of any type, size, and tonnage.

There is no VAT or any other levy imposed with respect to registration in the BVI, except for the basic registration fee, and a very modest annual register maintenance fee.

The firm offers the full range of services required to secure the registration of vessels in the BVI and advises on all matters relating to the acquisition, financing, operation and transfer of vessels in the territory.

The firm’s litigation practice also has a significant admiralty component as we advise and act for an international clientele in matters concerning the arrest and bail of vessels, claims for and against vessels, and limitation of liability for maritime claims.

The firm is also the BVI correspondent of the London Steamship Owners Mutual Insurance Association Ltd. – one of the world’s leading Protection and Indemnity (P & I) Clubs.

Contact Paul Dennis, Head of the Shipping and Admiralty Department at pdennis@onealwebster.com