Cayman Islands

REGISTER YOUR YACHT IN THE CAYMAN ISLANDS FROM $1499

The Cayman Islands enjoy a rich seafaring heritage. The Cayman Islands Shipping Registry (CISR) is part of the Red Ensign Group of Category One British registries comprising: Bermuda, Cayman Islands, Gibraltar, Isle of Man and the UK. As a Category One British Registry (granted in 1991), the Cayman Islands are able to register vessels of all sizes and classes, from small yachts to super tankers.

The Cayman Islands Shipping Registry, a division of the Maritime Authority of the Cayman Islands, is now the favourite location for registering pleasure yachts with reputedly over half the world’s super yachts on its register as well as a fleet of well maintained commercial ships. Some of the reasons for the CISR’s prominence may be summarised as follows:

WHAT ARE THE MAIN ADVANTAGES OF A CAYMAN BOAT REGISTRATION

• You can Register as an individual owner or as corporate body.
• A comprehensive list of over 70 countries that qualify to own Cayman flagged vessels.
• Reputation and industry-wide recognition as the premium yacht flag.
• A variety of registration types: full, interim, term, under construction and demise charter (bareboat), together with the registration of any associated mortgages.
• Vessel and mortgage registration in 24 hours, provided all documentation is received.
• A diverse, qualified and experienced global team of professional surveyors, auditors and registration personnel that share a common corporate philosophy that values long-term relationships.
• Registration can be done in 24 hours if all paperwork is submitted.
• A solid political, legal, fiscal and social environment with a stable parliamentary democracy since 1831.
• An efficient, tax-neutral, international finance jurisdiction that offers a wide range of first-tier financial and business services.
• Modern, comprehensive maritime legislation based on English Common Law allows flexibility for owners without compromising safety and offers excellent mortgage protection provisions to secure the rights of mortgagees and financiers.
• Global Reach – Offices located in 15 countries and 19 locations including the Cayman Islands, Brazil, China, France, Germany, Greece, Italy, Japan, The Netherlands, Panama, Philippines, Singapore, South Africa, United Kingdom, and the United States.

REGISTER AS AN INDIVIDUAL OWNER OR AS A COMPANY

You can register yacht as an individual owner or as a company owned vessel in the Cayman Islands. If you are a citizen of the list below, you do not need to setup a Cayman company for the ownership of your vessel. However, most clients prefer to setup thru a company owned structure as it is a way to avoid liability issues.

Citizens and companies from countries listed in the following table are able to register in the Cayman Islands directly in their own name:

PRICES FOR CAYMAN BOAT REGISTRATION
The prices for the registration depend on the tonnage of your vessel and if you are registering the ownership of the vessel as a PRIVATE or CORPORATE owned vessel.

TABLE A:
If you have a passport of one of the countries mentioned in the table above or if your yacht is owned by a company established in any of the named countries, you can register as a Non Resident Ownership, pricing is displayed below. The prices are in USD and are inclusive of all cost from the government as well as our service fee.

TABLE B:
If your yacht is owned by a company established in a different jurisdiction, the company will need to be registered in Cayman as well as the yacht. The costs for the yacht will be as stated in Table B below, plus the cost for a foreign company in table C.

TABLE C:
If you need to establish a Cayman company, the pricing is as detailed in table C below plus the registration and annual costs in table B.

The following documentation should be submitted for a full registration

• You need to fill in our online form. It will take only a few minutes to fill in and submit to us. We will check all info you have submitted and calculate your exact fees as these depend on several factors. We will notify you of the exact fees to be paid and send you another form, to appoint a Cayman Firm to be your local AUTHORISED PERSON.
• 2. We need a copy of the vessel’s Bill of Sale, notarised or bearing company seal; If the vessel is NEW, we need a Builder’s Certificate, notarised or bearing seal or stamp of yard.
• 3. Certificate of Good Standing for the owning company (current within three months). If the company is incorporated in the Cayman Islands within the same year of the registration, a copy of the Certificate of Incorporation is sufficient. If the owner is an individual (or joint owners), we will need a notarised copy of his/her passport;
• 4. We need a Closed Transcript or Deletion Certificate if the vessel was registered elsewhere;
• 5. Certificate of Survey and International Tonnage Certificate. The certificates and documents required to be carried onboard ships will depend on the size of vessel, type of vessel, its use, number of persons, etc. We will let you know after receiving your initial online form, what we require for your specific vessel. In most cases a prior Certificate of Survey is fine, as long as it was issued by the classification Societies authorized by the Cayman Maritime authority.
• 6. We will submit all paperwork with the Cayman Maritime Registry and follow-up with them.

Under normal circumstances, transactions are completed within 24 hours upon receipt of all forms, supporting documentation and applicable fees.