The HSM Group is proud to sponsor the 2nd Annual Society of Trust and Estate Practitioners (STEP) Cayman Conference, taking place at Kimpton Seafire Resort + Spa in Grand Cayman from January 31 – February 1. Visit our booth during Read more +
Several charities in the Cayman Islands have received secondhand office furniture provided by local law firm HSM. The Family Resource Centre recently moved to a new location in George Town and were thrilled to receive a full desk set complete Read more +
HSM Partner Ian Lambert promotes the Cayman Islands as a large-scale trial jurisdiction with International Women’s Insolvency & Restructuring Confederation (IWIRC) Cayman. On November 26, Ian participated in a panel discussion on lessons learned and other issues for Cayman’s longest and Read more +
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 +
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.