The Isle of Man offers a high quality, traditional and long-standing Register which maintains and enforces high standards based on United Kingdom Legislation, whilst providing a practical approach to the application of Maritime Rules and Regulations. It is not designated as a "Flag of Convenience"
It is also a full Maritime Convention country and, in addition to the principle International Maritime Organisation Conventions, relevant Conventions of the International Labour Organisation affecting seafarers have also been extended to the Isle of Man.
Yacht Registration
The Isle of Man as a flag of choice offers a wide range of benefits to ship owners, managers and charterers. The Island has a long established maritime industry and since the first ship registered in 1786 has developed an infrastructure to cater for the Shipping Industry.
Benefits available in the Isle of Man include:
- A professional Ship Registry providing a high quality of service
- A favourable taxation regime designed to encourage business
- A range of professional services designed to support shipping
- The right to fly the "Red Ensign" and access the support of British consular services world-wide
- Flexibility in the requirements for registered owners including acceptance of Limited Partnerships
- The availability of Demise registry both "IN" and "OUT"
- Low costs and no annual tonnage dues
- Full political support for shipping
- Non-FOC status