The Benefits of Jersey as a Port of British Registration
Jersey has a long maritime history; being a Port of British registry for two-hundred years, with a register which numbers over 2,000 vessels. A member of the coveted Red Ensign Group, owners can benefit from a quality register with an outstanding reputation, and can rely on British Consular services and support. The same features which have led Jersey becoming one of the most respected offshore jurisdictions - reliability, political and economic stability, and a sophisticated and comprehensive legal and regulatory infrastructure – make Jersey the jurisdiction of choice for maritime business.
Jersey sits outside the UK and the EU, which gives the following advantages:
- VAT-free Temporary Importation into the EU for vessels owned by non-EU residents
- GST-free Temporary Importation into Jersey
- Social Security insurance exemptions available to non-resident crews
- No corporation or tonnage tax for company-owned vessels
There is a deep pool of experienced service providers to the maritime sector, from yacht and crew management and administration, financial reporting, to compliance and insurance services; legal and registration services. Click here to see a list of our members involved in this sector.