Joined: 11/03/2010
Posts: 1
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I am based in Antigua and currently have access to 2 power yachts which we wish to charter out. We would like to expand the business further to represent other vessels and I would be grateful if you could advise on the legalities in setting up a charter company. Thank you.
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You absolutely MUST have an attorney to set up your business or corporation highly knowledgable in the laws of your port state. NO EXCEPTIONS!!
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This voice of experience suggests that you would be well advised NOT to form a charter company in Antigua. Establishing a company in Antigua & Barbuda is difficult, archane, and usually involves 'grease' changing hands. Antigua also has established itself as a place to avoid if you are aboard a yacht. Consider setting up a company in Anguilla BWI, the BVI, or Delaware USA. All are reliable legal jurisdictions with clear laws and they completely understand the yacht and ship business. And yes, use a law firm to do this for you. Don't forget good banking and insurance requirements. Smooth sailing....
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