Company Formation for Yachting Purposes

Establishing a company specifically for yachting is not merely about starting a business—it is a strategic step that determines the flag state, usage type (private or commercial), tax benefits, and legal protection of your yacht. For those looking to purchase a yacht in Turkey or abroad, register a flag, or operate charter activities, a properly structured company ensures the process is seamless and sustainable.

At Deniz Rüyası, we provide end-to-end services for offshore or local company formations tailored for yacht owners. We set up yacht-eligible company structures in jurisdictions such as Malta, the UK (Isle of Man, Cayman Islands), Delaware, and the Marshall Islands. Our team handles the preparation of all required documentation, communicates directly with relevant authorities, and finalizes the procedures quickly and securely.

Just as important as choosing the right flag for your yacht is determining the most appropriate corporate structure to support it.

Key Points How Does the Process Work?

Needs Analysis & Flag Strategy

Based on the yacht’s intended use, size, and whether it will be used for charter, the most suitable country and corporate structure are determined.

Selection of the Appropriate Company Model

Will the company be offshore (for tax advantages) or local? The suitable type—such as Ltd, LLC, or IBC—is selected accordingly.

Formation & Documentation Process

Company formation documents, power of attorney, director appointments, and tax ID applications are meticulously prepared.

Integration with Yacht Registration

The yacht is registered under the newly formed company. Flag registration, MMSI number application, and insurance processes are also linked to this entity.

Financial & Legal Follow-up (Optional)

Consultancy can be provided for annual tax filings, representation services, and ensuring the company remains in good legal standing.

Frequently Asked Questions

Why do I need to establish a company for my yacht?

In some countries, yachts can only be registered under a company name. Additionally, if the yacht will be used for charter, a commercial structure is mandatory.

What is an offshore company? Does it offer any advantages?

Offshore companies offer low tax liabilities and flexible legal structures. They are commonly established in jurisdictions like Malta, Delaware, and the Marshall Islands.

Can I register under the UK or Malta flag without setting up a company?

Generally, no. These countries typically require a local or represented company structure for yacht registration.

How long does it take to establish a company?

It depends on the selected jurisdiction, but in most offshore centers, the process is completed within 3 to 10 business days.

Are there annual requirements after company formation?

Yes. Annual filings, representation services, and renewal fees are required. We can handle and monitor these processes on your behalf.

Knowledge Base

Term / Document	Explanation
SPV (Special Purpose Vehicle)	A company type established solely for the purpose of owning or managing a specific yacht, featuring limited commercial liability and an independent financial structure. Commonly used in offshore registrations.
UBO (Ultimate Beneficial Owner)	The real person behind the established company. Refers to the individual or party who indirectly holds ownership of the yacht and possesses the authority to manage it.
Substance Test	A test that verifies whether an offshore company is not only established on paper but also actively operating in practice. It is important for yachts engaged in charter activities.
Economic Substance Regulations	International legal regulations that verify whether a company has physical presence, personnel, and management capacity in the country where it is incorporated.
Legal Nexus	The direct and documentable ownership relationship between a yacht and the company holding it. It is critically important for flag registration and tax liabilities.