How to Invest in a Small IBC BVI Yacht Business

Providing tourists a way to sail is a great business if you live in the British Virgin Islands. People are always looking for inexpensive ways to enjoy their vacation, and what better way than with a private boat ride?

Startup costs for a yacht business can range in the thousands. This is a great venture to get into if you already own a yacht or if you plan to buy one in the near future. The time invested can be negligible as well. There are companies that are willing to manage your yacht business for you.

There are also many different companies willing to handle all the details for you. By obtaining an intermediary, you can let someone mange the business while you reap the rewards. In addition, if you need to use your boat, it is there anytime.

Difficulty: Moderately Challenging

Instructions

1. The best way to start your yacht charter adventure is to buy a yacht in the British Virgin Islands. These sell for as little as $45,000. Check the links below for companies that can sell you a yacht there.

2. If you went the direct route, then the next step you want to take is to contact a management company. This company will over see the maintenance and administration of your yacht chartering business.

3. If you chose to use an intermediary, then they will oversee the purchase management and promotion of your business. In exchange for acting as your agent you reimburse the intermediary a percentage previously agreed upon for their efforts.

Tips & Warnings

• A final word, always remember to use proper precautions when disclosing sensitive information. You may want to consider obtaining a TIN from the IRS and placing your investments solely under this number.

Resources

• Fidelity Corporate Services
• Royal Nautisme - Yacht Sales, Rentals, and Rental Management
• Reflection Sailing Charters:
• Witherspoon, Seymour & Robinson Corp. -- Company Formation Services
• Yacht Charters -- by Larry Benedict