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Starting a Charter Company
Posted: Thursday, March 11, 2010 2:04 PM
Joined: 11/03/2010
Posts: 1

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.
Posted: Friday, March 12, 2010 8:48 PM
You absolutely MUST have an attorney to set up your business or corporation highly knowledgable in the laws of your port state. NO EXCEPTIONS!!
Posted: Friday, March 12, 2010 9:06 PM

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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