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. However, as a matter of policy, fishing vessels are not currently being registered except those owned locally and operating in Cayman waters.

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:

  • Reputation and industry-wide recognition as the premium yacht flag
  • Client-focused and highly responsive:
    1. Vessel and mortgage registration in 24 hours, provided all documentation is received
    2. Personal service and flexibility in providing services outside of normal business hours

  • Committed to adding further value through offering: 1. A range of ownership structures: individual, joint, company and shipping entity
    2. A comprehensive list of over 70 countries that qualify to own Cayman-flagged vessels
    3. A variety of registration types: full, interim, term, under construction and demise charter (bareboat), together with the registration of any associated mortgages

  • Experience and Technical Excellence:
    1. 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
    2. Responsible for drafting and maintenance of the Passenger Yacht Code (PYC)

  • Favourable Operating Environment:
    1. A solid political, legal, fiscal and social environment with a stable parliamentary democracy since 1831
    2. An efficient, tax-neutral, international finance jurisdiction that offers a wide range of first-tier financial and business services
    3. 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
    4. Global Reach – 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.

  • Additional Benefits:
  • An active international Ship-owners’ Advisory Council (CISAC) that includes the Yacht Committee (CISAC-YC) and national Maritime Sector Consultative Committee (MSCC) of maritime service providers
  • International Maritime Organization (IMO) participation through the United Kingdom Government
  • Full British Consular services and Royal Naval assistance and protection for Cayman-flagged vessels are available worldwide
  • Competitive fee structure

Source> Cayman Island Registry