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Article: Ship Registration in the Cayman Islands.(Industry Overview)
- Article from:
- Mondaq Business Briefing
- Article date:
- May 20, 2002
CopyrightCOPYRIGHT 2002 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Cayman Islands are a United Kingdom Overseas Territory (Crown Colony). The capital, George Town, is a Category One port of British Registry, able to register vessels of any size, age or type (except commercial fishing vessels), and ships registered here are
British ships entitled to fly the Red Ensign and entitled to all the privileges of a British ship. George Town is the world's largest registry for yachts over 100ft in length as well as having many commercial ships registered.
The Cayman Islands has become one of the world's leading offshore financial centres based on its political and economic stability, excellent communications, zero tax, highly ...