Trade License

Trade License / Yacht Registration

Just as if you were opening a shop, boutique or restaurant ashore somewhere, no one may operate a commercial recreational vessel in BVI waters without first obtaining a license.

You don't have to flag your vessel in the BVI to base here, but if you decide to Trident Trust can assist. They are also able to advise on the benefits of forming a company.

If you are intending to be a BVI-based charter yacht, you will need to operate under a BVI Trade License. The following two options are available:

• Apply for your own Crewed Charter Yacht license
• Application forms can be obtained from and returned to the government’s Department of Trade, Investment, Promotion and Consumer Affairs office. It takes approximately 3 months for approval. You may choose to file on your own or use the services of an agent or lawyer to assist in the process.
• Operate under the Trade License of a recognized Clearinghouse/Charter Mangement Company in the BVI. For Example: Regency Yacht Vacations or CharterPort
or Virgin Charter Yachts