Ireland is a great business destination for starting a yacht charter company, due to the fact that the country is surrounded by waters. The country, which enjoys a high level concerning the quality of life, is seen as great travelling destination for those interested in visiting its coastal regions.
More importantly, Ireland has the oldest yacht club in the world, the Royal Cork Yacht Club and has several attractive regions for chartering, such as Bantry Bay, Kinsale, Castle Haven or the Arigold Harbour. Those who want to open a company in Ireland as a yacht charter business must know that the country has numerous types of activities in this field, such as sailing yacht charter, sailboats, skippered charters and luxury yacht charters.
Are there any business licenses for an Irish yacht charter company?
Yes, Ireland regulates this industry by issuing a wide range of licenses, depending on the purpose of the boat and its size. A yacht charter has to comply with several safety requirements and respect the regulations prescribed for the transport of persons. Our team of specialists in company formation in Ireland can advise on the main rules of law prescribed for this sector; some of the requirements are presented below:
- • passenger ships that carry more than 12 persons have to go through annual inspections, which fall under the supervision of the Ministry of Transport, Tourism and Sport;
- • a yacht charter is seen as a pleasure craft, in which case, the regulations of the Merchant Shipping Act will apply;
- • recreational crafts, including yacht charters, are not legally required to install a radio system;
- • however, the owners of the boat may install a radio system and if they opt for this, they will need to obtain a license (Ship Radio License).
Who can charter boats in Ireland?
Investors who want to start the procedure of Irish company formation for a yacht charter business will also need to hire persons who are authorized to charter the vessel. Such persons must hold an International Certificate of Competency (ICC), which is available only for recreational boats that have a length of maximum 24 meters or a weight of 80 tonnes.
There are several types of ICCs which can grant the right to sail on inland waters or on the coastal region. Investors should know that recreational boats will need to be registered with the Irish Register of Shipping and we invite you to contact our team of consultants in company formation in Ireland for in-depth advice on the procedure.