Go Back   Cruiser Log World Cruising & Sailing Forums > Cruising Forums > General Cruising Forum
Cruiser Wiki Click Here to Login

Join Cruiser Log Today

Reply
 
Thread Tools Search this Thread Display Modes
 
Old 10-07-2016, 03:41 PM   #1
Lieutenant
 
Join Date: Aug 2015
Home Port: Zarcero
Posts: 42
Default Changing Country of Registry

I am a US citizen and am currently negotiating the purchase of a sailboat registered in the Netherlands.

I found a site that says I can keep that flag of registry without being a EU citizen. I have sent them an email for more information. Selling this service is their business, so I am asking for anyone who has experience with this for advice.

My preference would be to have it be a US flagged vessel, but I know that many ships and yachts are flagged in different countries for various reasons. This is mostly tax avoidance and I'm not talking a super yacht here.

The boat is a Cape Dory 28.

Do any of you have a vessel that is flagged in a country other that that of your citizenship? Has there been any downside?

I appreciate any help.

Tom
__________________

__________________
www.thisoldsailor.com
Tom Bunker is offline   Reply With Quote
Old 10-15-2016, 10:04 PM   #2
Commander
 
Join Date: Jun 2016
Home Port: Royston
Posts: 127
Default

I saw a lot of small power boats in Mexico with Grand Cayman as their home port ,owned by US citizens. The Marshall Islands is another one, with easy access to the US.
__________________

__________________
Brent Swain is offline   Reply With Quote
Old 10-16-2016, 08:34 AM   #3
Ensign
 
Join Date: Oct 2014
Home Port: Ballina
Vessel Name: Rondo III
Posts: 6
Default

For what its worth, Tom, I (Australian) used to own and run a British registered ship through Australia. Used to get much more interest from Customs, who severely discouraged coastal cruising (duty was more of a problem then) but no sense of doing anything wrong. My feeling is that the ship (like a corporation) has an identity and nationality of its own - and the owner is a separate entity. But the US is funny about these sort of issues!
__________________
L'ete Indienne is offline   Reply With Quote
Old 10-16-2016, 11:50 AM   #4
Lieutenant
 
Join Date: Aug 2015
Home Port: Zarcero
Posts: 42
Default

I think I have a handle on this.

I could keep the Dutch registry, but I don't like the method. It would involve forming a UK corporation and then using a company that would provide it with an address in Holland. This may be sort of legal, but does't sound simple to me.

I checked with the USCG and a hull number search found that the boat was never documented with them. I will have the seller remove the boat from Dutch registry. Then, i can register it where I want. I want to do it in the U.S.

I'm getting closer to owning another sailboat. It's God's way of saying that I shouldn't die with money in the bank.
__________________
www.thisoldsailor.com
Tom Bunker is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Changing Username? 1Aaron Forum Admin, News & Announcements 3 03-18-2016 03:27 PM
registry in England nyiftos General Cruising Forum 3 08-16-2012 01:15 AM
Vanuatu Vessel Registry MMNETSEA Regional Discussion Topics 0 08-03-2009 06:03 AM
Let's Party While The Country Starves. Lighthouse The Poop Deck 0 02-28-2009 02:59 PM

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

RV & Travel Trailer Communities

Our RV & Travel Trailer sites encompasses virtually all types of Recreational Vehicles, from brand-specific to general RV communities.

» More about our RV Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities


All times are GMT. The time now is 09:04 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0
×