Our Head of Private Client and Trusts, Robert Mack, takes a look at Foundation Companies in the Cayman Islands and how they differ to trusts in the private client context. In late 2017, Foundation Companies in the Cayman Islands were Read more +
HSM’s newest Senior Associate Adam Crane has been called to the Cayman Islands Bar on November 6, 2018. Adam’s admission was moved by HSM Partner Ian Lambert, who summarised his qualifications for Justice Richard Williams. Adam hails from Nova Scotia, Read more +
Partner and Immigration Expert, Nick Joseph explores The Immigration (Amendment) Law, 2018 (“the Amendment Law”) that came into effect on 13 August 2018, and following this passage, new opportunities present themselves for persons who are married to a Caymanian and Read more +
The Cayman Islands is recognised as one of the most prestigious flag states internationally and is a popular and attractive base for the registration of foreign owned vessels. The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, Read more +
Why Should You Register a Vessel in the Cayman Islands?
The Cayman Islands is recognised as one of the most prestigious flag states internationally and is a popular and attractive base for the registration of foreign owned vessels.
The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, are a British overseas territory located in the western Caribbean Sea. Cayman is a major world offshore centre, which, in conjunction with its comprehensive maritime legislation, allows flexibility and safety for vessel owners in a tax neutral environment.
Cayman is a category 1 British Registry, affording Cayman registered vessels all the privileges that accompany the British Flag, along with full international recognition.
Additionally, a wide range of ownership structures is available to facilitate flagging a vessel in Cayman, and it is not always necessary for a Cayman Islands flagged vessel to be owned by a Cayman Islands individual or entity. Moreover, there are few restrictions on crew nationality for Cayman flagged vessels.
A full range of vessel registration options are offered by the Cayman Islands Shipping Registry (from bareboat charters to full registration).
HSM advises on all aspects of the vessel registration process in the Cayman Islands and maintains excellent relationships with the Cayman Islands Shipping Registry and is listed as a maritime services provider/partner.
For more details on our vessel registration services, visit hsmoffice.com/law/vessel-registration.