Cayman Islands yacht registration

Chris Hole Posted by:
Chris Hole
Date:
01/05/2011

Cayman Islands

Company

  1. Non-EU jurisdiction for VAT and crew employment.
  2. No tax on any profits earned.

Ports of Registry

  1. Non-EU status.
  2. 3 ports of registry – George Town, The Creek and Bloody Bay.
  3. Annual Tonnage tax charged January 1st. Any tonnage accepted.
  4. No chain of title required for registration – only a Bill of Sale with Deletion Certificate or confirmation Certificate being obtained.
  5. Ship Under Construction registration or early issue of Official Number and Call Sign available with subsequent MMSI application. Radio licence only issued on full registration.
  6. Priority processing fees and procedural facilities available for speedy processing. Application and annual fee required for name reservation at each port.
  7. Cayman Third Schedule FATF approved jurisdictions are qualified for registered ownership.
  8. Declaration as to use of yacht required.
  9. Well regulated and favoured for large non-EU yachts.
  10. Cayman representative required for yacht owned by non Cayman company.
  11. MCA compliance surveys for vessels over 24m conducted by Cayman surveyors in conjunction with yacht’s Classification Society. Under 24m by Classification Society.

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