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Old 10-07-2016, 04:41 PM   #1
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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
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Old 10-15-2016, 11:04 PM   #2
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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.
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Old 10-16-2016, 09:34 AM   #3
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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!
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Old 10-16-2016, 12:50 PM   #4
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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.
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