RegisterAYacht.Com (RAY) is a Gibraltar-based company, formed in 2000, to provide marine corporate and administration services to yacht owners, as well as to maritime law firms, yacht managers and brokers and other professional firms involved in the yachting industry.
As the marine division of Sovereign Group, RAY combines the expertise of a dedicated team focused on meeting the needs of yacht owners together with Sovereign’s 25-years of experience in the provision of corporate management and financial services.
Initially established to register vessels under the British Red Ensign, RAY is now registering, administering and managing yachts – both pleasure and commercial – on a worldwide basis. Each Port of Registry has different regulations in place, offering their own advantages and, in some cases, disadvantages. RAY can assist yacht owners to make the right decision.
Registration of a yacht in the name of a company can provide enhanced confidentiality of ownership, as well as a means to pass assets on to heirs without liability to estate duties or inheritance tax. Generally some form of legitimate mitigation of potential VAT liabilities is available both for pleasure and commercial yachts, particularly when the yacht is purchased through a corporate structure.
For buying or selling a yacht, RAY can liaise on behalf of a client with agents and brokers and will arrange for all the necessary documentation to transfer the title and successfully complete the purchase or sale.
RAY also offers full yacht management services including:
- Yacht insurance
- Yacht finance
- Crew administration
- Payroll, foreign exchange and international payments
- Banking and card facilities