Limassol, July 2010 -- Totalserve Management Ltd was recently appointed as the sole representatives of the BVI Shipping Flag in Europe, Africa, the Middle East, Russia and the Ukraine.

The agreement was the result of arduous and diligent negotiations at the highest level between Totalserve, the BVI Premier, Honourable Ralph T. O’Neal and the BVI Shipping authorities.

Totalserve Chairman, Peter G. Economides, commented that he was thrilled their efforts bore fruit. “I am excited the BVI authorities have entrusted us with their shipping flag. We have been selling, administrating and representing BVI companies for many years now and has maintained a fully-fledged office there since 2004,” he said.

The Totalserve Chairman added: “This elevates our involvement in the BVI and our business interests there to a whole new level.”

Director of the Virgin Islands’ Shipping Registry (VISR), Capt. Baboucar Sallah pointed out that “choosing Totalserve to represent our flag was a clear choice. Totalserve is a reputable international company with offices in many parts of the world. Our mutual cooperation has, so far, been impeccable.” 

The VISR Director expressed his full support to Totalserve adding that he was confident they would represent the VISR with zeal, probity and professionalism.

“Together we can promote the benefits and advantages of BVI Ship Registration to the world,” he said.

The British Virgin Islands operate as a Category One Red Ensign (British) Registry, which includes the ability to register all types of Yachts including Mega Yachts and Super Yachts and General Cargo ships. Also, commercial ships of up to 150 gross tons and pleasure vessels of up to 400 gross tons. 

Among other benefits, the VISR enjoys a low initial registration and annual maintenance fees while BVI flag-bearing vessels are entitled to British Diplomatic and Consular support and the protection of the Royal Navy.   

Totalserve is now in a position to offer on behalf of the BVI such shipping services as ship and yacht registrations, transfer and ownership recordings, transfer of ownership, name changes and change of port. Also, physical searches and inspection of registry, inspection and survey certifications, Port State Control inspection of foreign vessels calling in BVI Ports and more. 

The VISR was promoted to Category One ship registry status within the Red Ensign Group of British shipping registries in 2008 and was authorised by the UK Government to register yachts and general cargo ships of unlimited tonnage.

Moreover, the BVI was recently included on the OECD’s White List of countries that have substantially implemented the internationally agreed tax standards, further reinforcing the attractiveness of the island’s corporate and shipping services. 

For more information, contact the Head of Totalserve’s Shipping Department, Alkisti Kannidou at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Totalserve Management Ltd is an international corporate, tax and trust and shipping services company headquartered in Cyprus.

Totalserve currently maintains fully fledged offices in London, Moscow, Warsaw, Bucharest, Athens, Thessaloniki, Tortola in the British Virgin Islands, Johannesburg, Cape Town and most recently, Luxembourg.

 

The BVI Premier, Honourable Ralph T. O’Neal and Totalserve Chairman, Peter G. Economides seal the agreement with a handshake.