RedMount Trust Company Limited forms and administers companies in Gibraltar to own yachts and ships to be registered under the British Flag.

Yachts registered in Gibraltar are registered as British Ships and are entitled to fly the British Flag (Red Ensign). Non-British subjects may utilise the British register by owning their yacht through a Gibraltar Company.

In view of various tax advantages, corporate ownership can also be beneficial for most British subjects. Yachts owned by a Gibraltar company may register at another British Port and still qualify as British Registered, and neither the owner nor the yacht are required to visit Gibraltar.

As specialists in the administration and management of companies and trusts, Redmount Trust Company Limited is well placed to offer the prospective purchaser a comprehensive service as well as attending to registration of the yacht on behalf of the owner and all related matters.

Advantages of the British Register
The British Flag. A British registered yacht is considered internationally to provide the best possible proof of title, having been inspected by an authorized Tonnage Surveyor as part of the registration procedure. Furthermore, all legal mortgages are also on the British Register, which is open for inspection, unlike many other registers.

The combination of these factors offers considerable protection to buyers and sellers of British Registered yachts.

The Red Ensign ensures international acceptance; a vital factor in making certain that yacht and crew experience the minimum of difficulties and inconvenience when entering foreign ports and on the high seas.

For more information on our specialist yacht and boat ownership services, visit the website of our subsidary company, Red Sail Marine

Benefits of Corporate Ownership
By owning a yacht through a Gibraltar Company, the non-British owner can gain the advantages of owning a British registered yacht. Corporate ownership can provide most clients with important benefits including:
1. Confidentiality of Beneficial Ownership.
2. Ownership can be transferred by share transfer rather than the sale of the yacht, which can result in avoidance of capital gains tax, sales tax and exchange control requirements.
3. Avoidance of import duty if the yacht is not based in Gibraltar for more than six months in any year.
4. Possible avoidance of inheritance taxes in Gibraltar and in the country where the yacht is moored providing a tax-exempt Gibraltar company owns the yacht.
N.B. Owner’s personal tax advisor should be consulted.
5. A Gibraltar company may own a yacht with a different British Port of registry from Gibraltar.