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Go Back   SailNet Community > On Board > Boat Review and Purchase Forum > Permanant Resident
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Thread: Permanant Resident Reply to Thread
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Topic Review (Newest First)
10-27-2013 01:44 PM
Geoff54
Re: Permanant Resident

I was talking to a friend who has his aircraft titled through a corporation and he said something that made me think that I was previously not 100% correct, so I looked it up. Either the rules have changed slightly or my memory is defective, err, slightly Here is the official answer:

The basic requirements for documentation are to demonstrate ownership of the vessel, U.S. citizenship, and eligibility for the endorsement sought. .....

....In addition to individuals, corporations, partnerships, and other entities capable of holding legal title may be deemed citizens for documentation purposes. Corporations must be registered in a state or the U.S; the chief executive officer and chairman of the board of directors must be U.S. citizens, and no more than a minority of the number of directors necessary to constitute a quorum may be non-citizens. In addition, at least 75% of the stock must be vested in U.S. citizens for a coastwise or fisheries endorsement.
10-27-2013 06:10 AM
mpickering
Re: Permanant Resident

I am in that exact situation. Our sailboat was USCG documented when we bought it. Getting it undocumented is easy. Just takes time. Once you become a US citizen, you can redocument under the same number. That is what we are planning to do next year. Our boat is state-registered. No biggie.

Matt
10-27-2013 12:00 AM
ozzydog
Re: Permanant Resident

Thanks Folks...I appreciate the feed-back. Looks like there's homework to do.
10-26-2013 01:16 PM
sony2000
Re: Permanant Resident

You should be able to take any American license.
10-26-2013 09:18 AM
Huckins
Re: Permanant Resident

Going through the same thing here in chicago I'm Irish and have a green card wife is American .

We are still waiting to see what we can do . Also I'm wondering can I do my captains licence over here with a green card ?? .i have my yacht aster but us coastguard don't recognize that qualification .why I will never know
10-26-2013 02:38 AM
theonecalledtom
Re: Permanant Resident

Last I checked (I'm green carded) you can't have a federally documented boat but can have a state registered boat.
10-26-2013 12:19 AM
hellosailor
Re: Permanant Resident

Ozzy call the Vessel Documentation Center on Monday, they'll have all the answers for you, direct from the horses mouth.
10-25-2013 11:42 PM
Geoff54
Re: Permanant Resident

It should be straightforward but I think that the present owner will need to do it as it can’t be transferred to you. Keep in mind that, generally speaking, you cannot then take it to a foreign port or take a loan against it. Easiest is to put it in your wife’s name and put a POA in the ships papers giving you full authority to make any decisions and enter into any contracts that involve the boat.
10-25-2013 11:22 PM
ozzydog
Re: Permanant Resident

How difficult is to un-document the vessel?
10-25-2013 10:57 PM
Geoff54
Re: Permanant Resident

Quote:
Originally Posted by SVTatia View Post
...but only she will be able to register the boat in the US.
+1 That's why my boat isn't my boat
You can state register it and keep it in the U.S. but only 100% U.S. owned vessels can be CG registered.

Quote:
Originally Posted by sony2000 View Post
You could start an incorporation that owns a boat.
If you wish it to be CG registered it has to be 100% U.S. owned. If it is owned by a corporation, that corporation must be 100% U.S. owned. IIRC certain fishing boats may have 25% non-US ownership.
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