Cayman Islands Yacht Registration

Cayman Islands Yacht Registration

1 Jan 2021

Company

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

Ports of Registry

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