Yacht Ownership/Shipping Company
The use of Offshore Companies to own or charter merchant ships and pleasure craft is very common worldwide. Shipping companies may accumulate profits in tax free offshore jurisdictions and, if each ship is placed in a separate Offshore Company, it can obtain significant asset protection by isolating liabilities to each individual ship.
Sale of the vessel can be easily facilitated by the transfer of shares with a ready made offshore structure.
Counsel Ltd has clients in the US, Canada and Europe, operating ships on the high seas, owned by our offshore company structures.
