SailNet Community

SailNet Community (http://www.sailnet.com/forums/)
-   Boat Review and Purchase Forum (http://www.sailnet.com/forums/boat-review-purchase-forum/)
-   -   Buying and registering a boat in the BVI - questions (http://www.sailnet.com/forums/boat-review-purchase-forum/23396-buying-registering-boat-bvi-questions.html)

Zanshin 09-26-2006 07:02 AM

Buying and registering a boat in the BVI - questions
 
I intend on buying a boat in the British Virgin Islands and registering her there. I don't need the complexity of setting up a shell corporation and can register in my name (all UK and EU citizens can now do that). I am trying to figure out the actual costs involved in the purchase and have come up with the following list but I would love to hear from others which points I have missed and which costs might be wrong:

1. Purchase price of the boat
2. Costs of Survey @ US$17/foot OAL (confirmed by surveyors)
3. Costs of lunchtime Haul US$5/foot (confirmed @ Nanny Cay)
4. Costs of using a title company ??? (Is it necessary?)
5. Costs of getting a BVI tonnage inspection US$400
6. Annual registration costs US$200
7. Annual Insurance - ~1.5% but I'm still looking.

I have been told that using a title company is recommended in order to get everything done correctly, but I don't know what they are going to charge for this service. Has anyone done this themselves in the BVI?


All times are GMT -4. The time now is 06:59 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012