
The Isle of Man, located in the geographic center of the Irish Sea, and
although it is technically a part of the United Kingdom, but has its own
government and a low tax economy. While all of our offshore jurisdictions are
much respected in the financial community, the Isle of Man holds a certain cache
tanks to its proud history of stability in all matters economic, political and
governmental. It is home to the world’s oldest continuously running Parliament!
While all vessel owners can benefit an extremely friendly tax environment
including for the VAT and a professional, easy registration procedure, ship
owners in particular enjoy tax-free tonnage and low fees for registering their
ship. IACS-recognized societies for the Isle of Man include:
American Bureau of Shipping
Bureau Veritas
Det Norske Veritas
Germanischer Lloyd
Lloyds Register of Shipping
Nippon Kaiji Kyokai
Registro Italiano Navale
If you’re interested in learning more about how registering your yacht or ship
with the prestigious Isle of Man can be to your financial advantage, please do
not hesitate to contact us at your earliest possible convenience.