The Marshall Islands boasts the world’s second-largest ship registry, hosting over 4,000 registered vessels, contributing to about 12% of the global oceangoing fleet. The Maritime Administration manages the Registry, offering ship registration, inspection, and certification services.

Robust Maritime Industry Services

The Marshall Islands’ robust maritime industry provides a broad spectrum of high-quality services. These encompass ship management, crewing, insurance, legal, and financial services, delivering comprehensive support for maritime activities.

Committed to international maritime standards, the Marshall Islands is a signatory to pivotal conventions like the International Maritime Organization (IMO) and the International Labour Organization (ILO). This commitment ensures adherence to rigorous safety and environmental protocols, including those outlined in the SOLAS and MARPOL conventions.

Why register a yacht in the Marshall Islands?

• Favorable Tax and Legal Regime

The Marshall Islands offer a favorable tax and legal regime for yacht owners, including no income tax, no capital gains tax, and no estate tax. Additionally, the country has a robust legal framework based on English common law.

• Efficient Registration Process

Registering a yacht in the Marshall Islands is a straightforward and efficient process that can be completed through a designated maritime services provider or a registered agent.

• Reputation

The Marshall Islands have a strong reputation in the shipping and maritime industry, with a well-established ship registry that is the second-largest in the world. This reputation can add value and credibility to a yacht registered in the country.

• Cost-Effective

The fees for yacht registration in the Marshall Islands are relatively low compared to other jurisdictions, making it a cost-effective option for yacht owners.

• Flexibility

The Marshall Islands offer flexibility for yacht owners, including no restrictions on foreign ownership of vessels and the ability to register a yacht in the name of an offshore corporation.

• Tax advantages, including no income or sales tax on yacht operations.
• No nationality or tonnage restrictions.
• Simple and efficient registration process.
• International recognition and acceptance.