Preference of large yachts: 15% of the world fleet over 30 meters and 20% of the fleet over 40 meters are registered under the Cayman Islands flag.
The Cayman Islands flag is one of the Red Ensign flags managed by the Cayman Islands Maritime Authority and is the world's leading registry, especially for large yachts.
In the world yacht fleet, approximately 15% of yachts larger than 30 meters, and approximately 20% of yachts larger than 40 meters are registered under the Cayman Islands flag.
The Cayman Islands flag, unlike other British registries, allows yachts to be registered in the registry while they are under construction. This provides important legal assurance to the yacht owner throughout the construction process.
Yachts can be coded and registered with the Cayman registry as SCV (Small Commercial Vessel) or Commercial Yacht — a significant advantage for boats planning a charter.
The Cayman Islands Ship Registry is an international registry and accepts private and commercial yachts of all sizes located anywhere in the world. The registry is not limited to Cayman Islands companies or citizens.
Yachts can be registered in the names of citizens and companies of the following countries:
If you are not a citizen of the above countries and do not have an active company established in these countries, we can quickly establish a tax-exempt company that will allow you to register a yacht.
A yacht registered in the Cayman Islands, unlike most flags, is not required to physically travel or enter a Cayman port.
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Whether your vessel is Turkish or foreign-flagged, private or commercial — let us track which documents you need and when.