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Yacht Aerial View | Praxis

Cayman Islands Yacht Registration

Cayman Islands Yacht Registration

1 Jan 2021


  • Non-EU jurisdiction for VAT and crew employment.
  • No tax on any profits earned.

Ports of Registry

  • Non-EU status.
  • 3 ports of registry – George Town, The Creek and Bloody Bay.
  • Annual Tonnage tax charged January 1st. Any tonnage accepted.
  • No chain of title required for registration – only a Bill of Sale with Deletion Certificate or confirmation Certificate being obtained.
  • Ship Under Construction registration or early issue of Official Number and Call Sign available with subsequent MMSI application. Radio license only issued on full registration.
  • Priority processing fees and procedural facilities available for speedy processing. Application and annual fee required for name reservation at each port.
  • Cayman Third Schedule FATF approved jurisdictions are qualified for registered ownership.
  • Declaration as to use of yacht required.
  • Well regulated and favoured for large non-EU yachts.
  • Cayman representative required for yacht owned by non Cayman company.
  • MCA compliance surveys for vessels over 24m conducted by Cayman surveyors in conjunction with yacht’s Classification Society. Under 24m by Classification Society.