- Non-EU jurisdiction.
- No tax on any profits earned.
Port of Registry
- Non-EU status. Port of Registry is Hamilton.
- Annual Tonnage Tax charged on April 1st.
- No chain of title required for registration – only a Notarised title document with Deletion Certificate
- EU persons or companies are qualified for registered ownership.
- Bermuda representative required for yacht owned by non Bermuda company.
- MCA compliance surveys conducted by Classification Society in conjunction with Flag.
- Declaration of compliance to Class XII yacht safety requirements required.
- Radio licences only issued on completion of registration.