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ARTICLE · 14 DECEMBER 1998

Yacht Registration - What's in a Flag?

KPMG
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Cayman IslandsLitigation, Mediation & Arbitration

The following article addresses the most frequently asked questions on yacht registration. Topics include:

  • Statistics
  • Establishment of title
  • Prevailing law
  • Privacy
  • Tax
  • Yacht financing
  • Flag state restrictions
  • Assistance in foreign ports
  • Protection at sea
  • Insurance considerations
  • Representation at international maritime conventions

The Cayman Islands are now the number one offshore register for superyachts, with about 150 yachts over 100 ft LOA and some 250 yachts over 75 ft LOA. Although the average length for all yachts on the register is 76 ft, the incidence of peak registration lies between 40 ft to 55 ft, marking the register's attractiveness to smaller yacht owners as well. So, why do owners, over such a broad range, choose the Cayman Islands?

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