Boat Contract With Us In Cook
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Advantages of a Marshall Islands company registration: Limited personal liability and asset protection. Non-resident domestic entities exempt from taxes Privacy for shareholders, members, directors, managers, and officers; disclosure of names for public record is voluntary.
Countries where most yachts are registered Kitts and Nevis, Cayman Islands, and BVI in the Caribbean, Marshall Islands in Oceania, Malta in the Mediterranean Sea, and several other jurisdictions.
And it's much better for a world Cruiser. It was a super straightforward. Process all we needed wasMoreAnd it's much better for a world Cruiser. It was a super straightforward. Process all we needed was a documentation agent. And that was it. But with the new boat.
In order to register your yacht in Cook Islands, we do not need any survey reports and the documentation is very simple: Passport copy. Proof of ownership / sale agreement. Boat details (Brand, model, year of build, Hull no.) Payment of insurance proof. Safety equipment list.
The long history of political and financial stability on the Isle of Man and OECD “white-listed” jurisdiction makes it beneficial to register ships on the Isle of Man. The Isle of Man Ship Registry accepts almost all vessel types, including merchant ships, offshore vessels and private and commercial yachts.
Marshall Islands registration is considered to be a "flag of convenience" as maritime vessels register there for its favorable tax environment and more operational freedom.
Owners, operators and lessors often choose the Marshall Islands as the flag state for their vessels;Marshall Islands ship mortgages are widely accepted by financiers, which is crucial as the flag selected will determine the governing law of the mortgage over a vessel.
The Cook Islands Register is considered a flag of convenience by the ITF. The Registry is governed by the Ship Registration Act, 2007 and the Maritime Transport Act, 2008.
