Want to register boat in Cayman Island

[Zonker]

... has anyone done that and would mind to share his/her experience ?

Thanks in advance.

[Capt Phil]

Removed a US flag vessel from USCG Documentation due to the new owner not being a US citizen. Registered the vessel in the Cayman Islands using a Miami, FL marine title company while the boat was lying in Mexico and owner was abroad. Ask any Florida broker of the name of a reputable title company that handles this type of transaction. One additional piece of info you will need to register in the Cayman's is a Bureau Veritas marine survey which is very different that a US type marine survey. The surveyor must be licensed by Bureau Veritas and they are sometimes hard to find in North America. The survey will reveal the number of cannon you are licensed to carry according to the volumetric measure of your vessel, a piece of data you are desperate to know, I'm sure. Good Luck... Capt Phil

[savoir]

Are you sure you know what you are getting yourself into ?


Cayman is expensive for a private yacht. US$400 per year, plus regular survey, plus tonnage survey, plus annual tonnage fees, plus you have to be an EU passport holder, plus if you are not you will be up for annual corporate fees on your boat owning corporation etc etc

Cayman registration is best left to the big boys.

[Zonker]

@Phil : Thanks - the interesting part would be the broker / registering via Cayman Island company. Btw dont need cannons ... you got free Royal Navy assistance ... :-)

@savoir : not everyone here is US citizen ... and have to say - most of what you wrote is not correct.

[savoir]

Mostly wrong eh ? Well I never was too bright.


By the way you'll have to hire a local agent, who will expect to be paid - unless I'm wrong again.

[denverd0n]

Originally Posted by savoir

...unless I'm wrong again.

Of course, if you're right, he'll find out for himself soon enough.

[Zonker]

Guys ... I already own a Cayman Island company - so that is all clear. But I was looking for opinions of boat owners which have their boats registered in Cayman Islands and if they experienced any issues in foreign countries.

btw marine survey can be from :
- American Bureau of Shipping
- Bureau Veritas
- Det Norske Veritias
- Germanische Lloyd
- Lloyds Register of Shipping
- Registro Italiano Navale

and has of course nothing to do with EU ... :-)

[tbodine88]

I had my boat registered in Antigua and had no problems entering any country along the Caribbean archipelago nor the United States.