The Marshallese have been a seafaring people for millennia and it is a natural extension of that maritime heritage that the Republic of the Marshall Islands would develop a modern, efficient maritime administration that is globally recognized for professionalism, contributions to the safety and security of shipping and efforts to protect the marine environment.
As an active member of the International Maritime Organization (IMO), the Marshall Islands has ratified and implemented all key international conventions and instruments. It continually strives to promote the quality of vessels in its Registry, and those operating under the Marshall Islands flag achieve the highest ratings in the port State control (PSC) international rankings. In fact, the Marshall Islands Registry is the only major open registry to be included on the White Lists of both the Paris and Tokyo MoUs and to hold Qualship 21 status with the US Coast Guard for four consecutive years.
Through the Registry’s decentralized organization with 20 full–service offices located in maritime and financial centers around the world, the Registry offers an around-the-clock duty officer system and real time support to vessels flying its flag. Under the Maritime Act, a ship may be registered and a mortgage, Bill of Sale or related instrument in proper form may be recorded at any of the Registry’s worldwide offices.
By registering under the Marshall Islands yacht ensign, you would enjoy the full tax free environment of the Marshall Islands as well a flexible legislation when it comes to yacht operation.
Our team of professional yacht agents will happily guide you to decide on the best suited flagging options for your yacht, based on the intended use of the vessel (private use, charter, VAT reclaim, export, …) as well other parameters such as taxes, insurance, mortgages and loans, boat & yacht finance and refinancing, all to fit with your personal circumstances.
While we are happy to register your vessel in the country of your choice, including through purpose-built holding companies and tax efficient ownership legal structures if necessary, we do have Memorandum of Understanding (MoU) to enable fast track registration with the following commercial ships and pleasure yachts registries: