The Marshall Islands runs one of the world’s largest and most highly regarded registries. For superyachts, its appeal lies in a neutral flag, strong international rankings and a scheme that lets privately registered yachts charter for part of the year.
Jaffa & Co advises owners and buyers on Marshall Islands yacht registration, including whether the Yachts Engaged in Trade scheme suits their plans.
The Marshall Islands often suits owners who mainly use the yacht privately but want the option of chartering her for part of the season, without committing to full commercial operation. Its neutrality and US backing also appeal to owners with American connections. Charter under the scheme must stay within its limits and comply with the rules of the waters where the yacht operates, which can differ from the flag’s own requirements. We look at the cruising plan in detail before recommending it.