FAQ: Yacht Registration in Vanuatu

1. Who is eligible to register a yacht in Vanuatu?
   Yacht registration in Vanuatu is open to Vanuatu citizens, residents, and foreign nationals. Foreign nationals can register yachts by establishing a Vanuatu-registered company or appointing a local agent.

2. What are the benefits of registering a yacht in Vanuatu?
   Vanuatu offers tax advantages, such as no income tax, no capital gains tax, and no estate taxes. The Vanuatu flag is internationally recognized, and the registration process is quick, efficient, and cost-effective. It also provides access to prime cruising destinations in the Pacific region.

3. What types of yachts can be registered in Vanuatu?
   Private yachts, commercial yachts, pleasure vessels, superyachts, and yachts under construction can all be registered in Vanuatu.

4. What documents are required for yacht registration in Vanuatu?
   Required documents include:Proof of ownership (Bill of Sale or Builder’s Certificate)
   Certificate of incorporation (if owned by a company)
   Proof of identity (passport or ID for individuals)
   Tonnage certificate (for larger yachts)
   Seaworthiness certificate (for commercial yachts)
   Previous registration certificate (if applicable)
   Proof of insurance
   Completed application form for yacht registration
   

5. How long does the yacht registration process take in Vanuatu?
   The registration process is typically fast, taking around 3 to 5 business days, provided all required documents are submitted correctly.

6. Can foreign nationals register a yacht in Vanuatu?
   Yes, foreign nationals can register a yacht in Vanuatu. They may need to establish a Vanuatu-registered company or appoint a local agent to facilitate the process.

7. What are the costs associated with yacht registration in Vanuatu?
   Costs vary based on the size and type of the yacht (private or commercial), and they include an initial registration fee, tonnage-based fees, and annual renewal fees.

8. Is VAT applicable for yachts registered in Vanuatu?
   No, Vanuatu does not impose VAT. There are also no income taxes, capital gains taxes, or estate taxes, making it a tax-efficient jurisdiction for yacht registration.

9. Are there annual fees for yacht registration in Vanuatu?
   Yes, yachts registered in Vanuatu are subject to annual renewal fees, which are generally based on the yacht’s size and use (private or commercial).

10. Can I register a mortgage on a yacht in Vanuatu?
    Yes, mortgages can be registered on yachts in Vanuatu. This ensures legal protection for both lenders and yacht owners in case of default.

11. Can I register a yacht under construction in Vanuatu?
    Yes, yachts under construction can be registered in Vanuatu, provided the necessary documentation is submitted and conditions are met.

12. What inspections or surveys are required for yacht registration?
    Larger yachts or those used commercially may require inspections or surveys to confirm their seaworthiness and compliance with international maritime regulations.

13. Can I fly the Vanuatu flag once my yacht is registered?
    Yes, yachts registered in Vanuatu are entitled to fly the Vanuatu flag, which is recognized internationally.

14. Is dual registration allowed in Vanuatu?
    No, dual registration is not permitted. A yacht registered in Vanuatu cannot be registered simultaneously under another country’s flag.

15. How do I renew my yacht registration in Vanuatu?
    Yacht registration in Vanuatu must be renewed annually. The renewal process requires submitting a renewal form and paying the applicable fees.

16. What happens if I sell my yacht?
    Upon selling the yacht, the new owner must update the registration under their name. The necessary transfer documents must be submitted to the Vanuatu Maritime Services.

17. Where can I get more information on yacht registration in Vanuatu?
    For more detailed information, you can contact Vanuatu Maritime Services or consult with a maritime lawyer or registration specialist familiar with Vanuatu’s yacht registration process.