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Cayman Islands Registry Information

» Key Registry Features
» Jurisdiction Information
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 Key Registry Features

General
Flag of Convenience Yes
IMO Conventions Adopted SOLAS, MARPOL, STCW, COLREG, CLC, FUND, INMARSAT and all other major maritime conventions.
Age Limit 25 Years (Discretionary)
Size Restrictions None
Ownership Requirements British subjects: Nationals of any EU or EEA State, including their overseas territories, bodies corporate and shipping entities established in and having place of business in any of the above states or territories. Shipping entities include partnerships, exempt limited partnerships and any other similar entities regardless of whether they have a legal personality separate and distinct from those of their members; foreign companies registered in the Cayman Islands under the relevant Cayman Islands law and having a place of business within the islands
Registration Documents
Documents Required

 

 

  • Application to register at the Port of George Town
  • Notice of name proposed for a British Ship
  • Appointment of authorised office/agent
  • Declaration of ownership on behalf of a corporate body
  • Declaration of private use (for pleasure craft)
  • Undertaking to mark vessel for conditional registration
  • Appointment of representative person (for owners not residing in the Cayman Islands)
  • Title documents
  • Certificate of Good Standing
  • Certificate of Incorporation
  • Certificate of survey
Registration Fees
Registration
Vessels up to 150GT US$ 400
150 to 400GT US$ 600
400 to 1500GT US$ 850
1500GT and above US$ 1,200
Registration of Transfer of Ownership
Vessels up to 150GT US$ 300
150 to 400GT US$ 400
400 to 1500GT US$ 450
1500GT and above US$ 600
Annual
Minimum fee US$ 300
Per 100GT for the first 1000 tons
US$ 50
Each additional 100GT above 1000GT
US$ 16.79
Parallel Registration
  Parallel registration in or out of the Registry is permitted
Approved Classification Societies
  ABS, BV, DNV, GL, LRS and RINA - for the vessels located outside the Cayman Islands. Vessels located within the Cayman Islands will be surveyed by the Registry.
Crew Nationality
  No restriction on nationality

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Jurisdiction Information


» Introduction

The Cayman Islands consists of a group of three islands in the Caribbean. The main Island, Grand Cayman, is situated approximately 1,150 kilometres south of Florida.

» Population

The population is approximately 40,000.

» Political Structure

The Cayman Islands are a British colony and therefore the United Kingdom Parliament at Westminster retains the right to legislate. The Islands have a Governor who is appointed by the Queen who heads the Cayman Islands Government and is responsible for the civil service, defence, law and order and external affairs. There is a Legislative Assembly consisting of 12 elected members plus the Financial Secretary, the Attorney General and the Administrative Secretary, which may make laws with the consent of the Crown.

An Executive Council, consisting of three official members appointed by the Governor and five members elected by the Legislative Assembly, formulates policy and advises the Governor.

» Infrastructure and Economy

The economy of the Islands is strong, enjoying full employment with most of the revenue being derived from the financial services sector and tourism.

Miami is one hour away by air and the Island has direct air links with New York, Atlanta, Tampa, Houston and Jamaica. The Islands are a popular cruise-ship stop.

» Language

The official and spoken language is English.

» Currency

Caymanian Dollar.

» Exchange Control

None.

» Type of Law

Common Law based on English Common Law.

» Principal Corporate Legislation

The Company Law of the Cayman Islands is based on the English Companies Act of 1948 and can be found in the Cayman Islands Companies Law of 1960, as amended.

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Information Downloads

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Cayman Islands Fact Sheet 107KB  61KB 

 

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