CAYMAN ISLANDS YACHT REGISTRATION FROM $1499

CAYMAN ISLANDS YACHT REGISTRATION FROM $1499

We are a specialist boat registration business that takes care of all steps in registering your yacht under the Cayman Islands flag. Use this site and save yourself time and money by having it done by the specialist in Cayman maritime flagging.
The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, are a British overseas territory located in the western Caribbean Sea. Cayman is a major world offshore centre, which, in conjunction with its comprehensive maritime legislation, allows flexibility and safety for vessel owners in a tax neutral environment. The country has a modern, comprehensive maritime legislation based on English Common Law, that allows flexibility for owners without compromising safety and offers excellent mortgage protection provisions to secure the rights of mortgagees and financiers.

The Cayman Islands is recognised as one of the most prestigious maritime flag states internationally and is a popular and attractive base for the registration of foreign owned vessels. One of the main reasons that people register their vessels in the Cayman Islands, is due to the fact that it is a Red Ensign flag and as a British ship the vessel comes under the protection of the British Royal Navy. For Cayman flagged vessels full British Consular and Royal Navy assistance and protection are available worldwide. Cayman is a category 1 British Registry, affording Cayman registered vessels all the privileges that accompany the British Flag, along with full international recognition.

Additionally, a wide range of ownership structures is available to facilitate flagging a vessel in Cayman, and it is not always necessary for a Cayman Islands flagged vessel to be owned by a Cayman Islands individual or entity.  Moreover, there are few restrictions on crew nationality for Cayman flagged vessels. You can register your vessel in the Cayman Islands as a private individual or as corporate owner and there are options to register the vessel for personal use, commercial use or as merchant ship.

The Cayman Islands Shipping Registry Offers 5 Types Of Registration For Your Vessel:

• Full registration
• Provisional registration
• Interim registration
• Under Construction registration
• Bareboat Charter

Whom Can Apply For The Cayman Registration?

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

Which Documents Are Needed In Order To Apply For The Cayman Registration

• Bill of sale, (if used vessel) notarized or bearing company seal
• Builders certificate, (if a new vessel), notarized or bearing seal or stamp of yard
• Completed Registry Forms (including appointment of authorised person –notarized, application to register, declaration of ownership)
• Deletion certificate or transmission documents to transfer from another British Port
• Certificate of Survey and International Tonnage Certificate, Can be done anywhere in the world but has to be done by qualified surveyor of one of the 6 classification societies.
• Certificate of Good Standing, (If Company owned) for the owning company - current (within one month). 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. However, if the owner is an individual (or joint owners), we will need a notarized copy of his/her passport
• Name availability (choice of 3 ports)

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 PRIVATELY or CORPORATELY owned vessel. Below you will find the prices for a non resident ownership, a Cayman Corporate ownership, and the price to setup a corporate ownership in the case you do not have one.

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.

	Poland	United Kingdom	Langkawi	San Marino
How fast can it be done?	24 hours	3 Days	5 Days	2 Days
Available for all nationalities	Yes	Yes	Yes	Yes
Validation Period	For life	5 years	For life	5 years
Flag certificate	Yes	Yes	Yes	Yes
Ownership registration	Yes	Yes	Yes	Yes
Survey mandatory	No	Yes	No	No
Valid worldwide	Yes	Yes	Yes	Yes
Suitable for commercial yachts	no / yes	Yes	Yes	Yes
Price from	420 EUR	549 GBP	950 USD	590 EUR
	See Details	See Details	See Details	See Details