Choosing the yacht’s flag state is one of the most critical decision a yacht owner has to make. The flag state bears the authority and responsibility to enforce regulations over vessels registered there, which in turn has large implications in areas such as tax obligations, liability in international waters, privacy, and whether or not a yacht can be operated as a commercial entity. There is a lot to think about when registering a yacht and a lot of thought is required on issues surrounding flag choice, how to register, whether the vessel is commercial or private and more.
SCS Yachting assists yacht owners or manager on understanding the best location to register each yacht based on the vessel’s VAT status, whether the vessel is new or previously owned, on the owner’s nationality, residency and on the operational and cruising plans. We are specialized in the following flags: Italian, Malta, UK, Bermuda, BVI, and Cayman Island.