yacht charter flag

FLAG Motor yacht for charter

• Length: 62.3m (204.4ft)
• 12 guests in 7 cabins
• Built: 2000 (refitted 2022), Feadship, Royal Van Lent, The Netherlands

One of the most high-profile yachts on the charter scene, 62m motor yacht FLAG is the ideal choice for those looking for a sophisticated, yet fun vacation.

• Fabulous deck spaces, including a large pool on the sun deck
• Flexible accommodation layout including six lower deck cabins and a full beam master on the main deck
• Well equipped gym including a cross-trainer and weights
• Highly experienced crew of 17
• An elevator which services all guest decks
• Zero speed stabilisers to reduce any rolling motion while at anchor

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Firstly, her build and design were the work of award-winning Dutch shipyard Feadship with interiors created by the highly acclaimed Chahan Minassian, the creative director behind Ralph Lauren and designer of numerous luxury hotels and residences world over. Think classic design with nautical touches leaving a light and airy essence.

FLAG is the ideal multi-generational charter vessel with a seven-cabin flexible layout. With six of the cabins located on the lower deck, and the master found on the main deck, family and friends can find ample room for privacy and relaxation. Social areas are plentiful on board, with a spacious sun deck including large pool. Merging shaded with sun spots means the whole family can safely play together. Al fresco living runs freely through this yacht, so expect to find deck dining options to include a pizza oven, BBQ and bar.

In today’s world the need for wellness options has never been greater, so FLAG is pleased to offer a well-equipped gym located on the bridge deck, of course should you choose, the decks are large enough for sunrise or sunset yoga too. A multi-skilled crew of 17 including a world-class chef will ensure your needs are well-catered for. Remember to advise the team on your dietary requirements so chef can design his menu to your exacting tastes.

FLAG offers a well-rounded experience from messing around in the water on the yacht’s jetskis, SeaBobs, snorkelling gear or the inflatables (including large slide) to relaxing with your favourite movie. Effortlessly slide between formal dining in the main saloon to barefoot luxury on the sun deck with cocktail in hand. What ever you are looking for in your next yacht charter, FLAG is sure to deliver.

Tenders & toys

• 1 × Towed tender
• 2 × Tenders
• 1 × Deck jacuzzi
• Anti-jellyfish pool
• Climbing wall
• RYA training centre for jetskis & waverunners
• 2 × Waverunners
• 2 × SeaBobs
• 2 × Kayaks
• 2 × Stand up paddleboards
• Inflatable tows
• Scuba diving equipment
• Fishing gear
• Snorkelling gear

Please note that tenders and toys are subject to regular upgrades and changes. Contact a Burgess broker for the latest information.

Fitness equipment

• Cross trainer
• Exercise balls
• Free weights

Please note that fitness equipment and wellness facilities are subject to regular upgrades and changes. Contact a Burgess broker for the latest information.

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• Length: 88m (288.6ft)
• 12 guests in 6 cabins
• Built: 2006 (refitted 2023), Perini Navi, Italy

Rate from USD 462,000† per week

• Length: 65m (213.3ft)
• Built: 2011 (refurbished 2021), Benetti, Italy

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Rate from USD 455,000* per week

• Length: 62.5m (205.1ft)
• Built: 2010, Icon Yachts, The Netherlands

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More About FLAG

FLAG Yacht Charter Specs Summary

Charter Status: Not for charter. Scroll down for details.

The FLAG yacht charter specs include a length overall of 204.4 ft / 62.3 m , a beam of 35.4 ft / 10.8 m, and a draft of 10.8 ft / 3.3 m, the luxurious FLAG accommodates 12 charter guests in 7 elegant staterooms. Her hand crafted interior is adorned with the finest selections of wood and soft furnishings meant to please discerning guests from around the world. Designed for comfort and constructed in 2000 by luxury yacht builder Feadship, you’ll enjoy traveling to the best destinations at a cruising speed of 15 knots. For detailed FLAG yacht charter specs, see below.

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Contact: Merle Wood & Associates | web(Contact us at)merlewood.com | +1.954.525.5111

 Short Charter Specification

Charters in: west mediterranean, caribbean..

204.4 ft / 62.3 m

35.4 ft / 10.8 m, 10.8 ft / 3.3 m, detailed flag yacht charter specs.

HULL & DIMENSIONS

GUESTS & CREW

PERFORMANCE

Overview Of FLAG Yacht Specs

Feadship | 2000.

1,078 Gross Tons

17% of Length

5% of Length

Interested In The FLAG Yacht For Charter?

Flag yacht charter info, flag yacht charter price, flag yacht charter photos, flag yacht charter position.

For additional charter information, the charter price, charter photos and charter position / regions, select one of the options above. Here you will find more detailed information about the FLAG yacht for charter. For more information on the FLAG yacht charter specs, scroll down.

About The FLAG Yacht Charter Specs

The FLAG yacht charter specs are not publicly available; however, the yacht charter brokers at Merle Wood & Associates have relationships with the captains and owners of most notable yachts worldwide. To enquire about a yacht for charter that may not be advertised and the global yacht charter fleet, or to learn about yacht charter options, simply contact a yacht charter broker at Merle Wood & Associates. As an internationally recognized leader in the sales, marketing and chartering of the most discerning yachts world-wide, we are dedicated to enhancing the yachting lifestyle and enjoyment of all our clients.

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FLAG from $378,000 USD Per Week

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Availability of All Yachts are Subject to Regulatory Compliance that May Apply to the Country and/or Locality Governing Sales & Charters. Non-U.S. Flagged Vessels May Not Be Not Available For Sale or Charter to U.S. Residents While in U.S. Waters.

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How to choose your yacht's flag state

If you consider buying a superyacht for international cruises and chartering in the Caribbean and the Med, your lawyer or broker will tell you to register and flag the yacht offshore.

The flag you choose to fly from your transom can have a direct bearing on your privacy, taxes, exposure to liability and boarding, the vessel’s success as a commercial enterprise, and, ultimately, your enjoyment of the yacht. So how do you decide which flag best serves your purposes? There is no simple answer that covers every owner, but some basic considerations do apply.

‘The choice of flag state has, over the last few years, become one of the most important decisions owners and/or their representatives must make,’ says Mike Dean of Isle of Man-based Döhle Yachts.

A flag state is the country or governmental entity under whose laws a vessel is registered or licensed. This can be the country in which the owner resides, or more commonly in the superyacht world, an offshore ship registry in a country with laws that are attuned to the complexities of yacht ownership and charter operations.

The flag state has the authority and responsibility to enforce regulations over vessels registered under its flag, including those relating to inspection, certification and issuance of safety and pollution prevention documents.

Offshore flagging advantages

Owners who choose to flag offshore – especially those who plan to make their yachts available for charter in the EU – can benefit in many ways, including, but not limited to, mitigation of some tax burdens, confidentiality of ownership, and reassuring lenders and insurance companies. An owner who intends to operate his vessel as a private yacht and not charter might register the vessel in his home country.

However, many popular flag states have appealing and relatively simple avenues for setting up offshore corporate structures that offer favourable taxation and liability protections under a stable fiscal and legal system. In addition they have construction, inspection and regulatory compliance regimes that can streamline the process of owning and operating a large yacht.

The choice of flag state has, over the last few years, become one of the most important decisions owners and/or their representatives must make

Mike Dean, Döhle Yachts

Registering as a private yacht with a non-EU flag also allows an owner to operate under the Temporary Importation regime in Europe in which a yacht can operate for up to 18 months without the vessel being subject to customs duties or the EU’s Value Added Tax (VAT).

Owners who intend to actively pursue charter in the world’s most popular destinations – in particular, the Med, which is ringed by EU states – and the Caribbean, will generally choose to incorporate, flag offshore and register as a commercially operated vessel.

In addition to the benefits above, such structures can allow the vessel to operate within the VAT system. VAT on charters is still chargeable to the end consumer – the charterer – but the system allows operators of legitimate charter businesses to account for their input tax in the normal business sense. For instance, if a business buys food for a charter, it will pay input tax on the supply but can deduct it as an operating expense.

Good and bad flags

Registering a yacht to operate commercially subjects it to a broad range of regulations related mainly to safety.

A flag state will generally require a yacht to be in compliance with construction standards set forth by one or more of the main classification societies such as Lloyd’s Register, American Bureau of Shipping or Det Norske Veritas, as well as meeting safety and practice standards set forth by government agencies such as the UK’s Maritime and Coastguard Agency (MCA), as applied by the relevant states’ national legislation.

Choosing a particular flag is a vastly complicated matter generally settled between an owner and his attorney, but there are some basic considerations, not the least of which is the potential for the yacht to be boarded and detained by authorities. In short, there are good flags and bad flags.

‘You need to be with a flag that can provide a solid commercial registration that’s accepted in the shipping industry and accepted by the governments of the world,’ says Ken Argent of Water’s Edge Consulting Ltd.

You need to be with a flag that can provide a solid commercial registration that’s accepted in the shipping industry and accepted by the governments of the world

Ken Argent, Water’s Edge Consulting Ltd

A wise starting point would be to choose a flag on the so-called ‘White List’ as maintained by the Paris Memorandum of Understanding on Port State Control (Paris MoU).

The Paris MoU consists of 27 participating maritime administrations and covers the waters of the European coastal states and the North Atlantic basin from North America to Europe. Its mission is to eliminate the operation of sub-standard ships through a harmonised system of port state control. There are other MoU groups around the world, with similar aims.

Port officers inspect foreign ships in the Paris MoU ports, to ensure they meet international safety, security and environmental standards, and that crew have adequate living and working conditions.

Flags on the Paris White List have demonstrated strong performance in those areas and thus, are subject to fewer boardings when they enter foreign ports.

Flags on the Grey List and Black List have been deemed deficient and risk more boardings and possible detentions. Traditionally, yachts have been a low priority for Port State Control (PSC) inspections, but since the advent of the New Inspection Regime in Paris, this is no longer the case and so it is important to choose a flag with a good PSC record and a rigorous approach to safety and certification.

A wise starting point would be to choose a flag on the so-called “White List”

‘There are rogue states that remain outside the family of civilised nations, and yachts that fly those flags are not welcomed,’ says maritime attorney Michael T. Moore. ‘Generally speaking, most civilised countries have subscribed to a web of treaties designed to protect the world’s oceans from pollution, overfishing and various other unacceptable practices. Almost all seafaring nations are on the alert for out-of-pattern flags.’

Other considerations extend beyond the prospect of being boarded. ‘Lenders and insurance companies will review a flag state’s enforcement of international environment and safety and procedures and standards, compliance with international regulations and casualty record,’ says Dean. ‘A poor record will inevitably affect the decisions of the lenders and underwriters.’

The Red Ensign Group

The brokerage and management firm Edmiston Company estimates as many as 80 per cent of large yachts are flagged in the British overseas territories commonly known as the ‘Red Ensign Group’, in particular, the Cayman Islands, Gibraltar and the Isle of Man.

Factors influencing that, says Edmiston, include prestige, tradition and history; international recognition of high standards and adherence to the Large Yacht Commercial Code; ready availability of a large number of qualified surveyors; protection of British maritime law, consular services and navy; and commercial confidentiality (the owning companies can be registered in the flag state, rather than the person who owns the yacht).

As many as 80 per cent of large yachts are flagged in the British overseas territories commonly known as the Red Ensign Group

‘The Red Ensign Group uses the UK MCA’s Large Yacht Code (LYC) as the criteria for building and equipping commercial yachts,’ says Clive Harrison of Döhle Yachts. ‘The LYC has been submitted (and accepted) to the International Maritime Organisation (IMO) as the UK’s equivalent provisions under the equivalence arrangements of several international conventions (Load Lines, SOLAS and STCW).

‘Yachts built and operated under the LYC do so under internally recognised standards,’ says Harrison, ‘whilst other jurisdictions operate their own codes, these have not been presented or accepted to the IMO. Compliance with LYC can have a positive impact on resale values.’

The Red Ensign registry with the largest number of yachts is the Cayman Islands Shipping Registry. According to Peter Southgate, Advisor, Maritime Policy and Legislation Development and Shipping Master of the Cayman Registry, service is one key to the flag’s popularity.

‘The various members of the Red Ensign Group offer a very high quality flag option for any owner, and we ensure that as a group, we do not compete on quality,’ Southgate says. ‘This leaves essentially only service and the possible effects of local restrictions. For example, the UK is an EU flag and hence, temporary importation would not be available to a UK-flagged vessel.’

Flags of different colours

Most flag registries, while either an agency of a government or acting on behalf of the government, are to some extent, in competition with each other for business and offer various angles that may benefit the needs of some owners.

The Marshall Islands allows qualified private yachts to charter up to 84 days a year, but subjects them to detailed surveys heavy on lifesaving, safety and fire fighting. They also have to have a minimum safe manning certificate for when they’re chartering.

‘We look at that as an owner trying to recoup some of his expenses – not putting his yacht into a commercial mode,’ says Eugene Sweeney, senior vice president, Yacht Operations for International Registries, Inc., which provides administrative and technical support to the Marshall Islands Maritime and Corporate Administrators.

The US flag has long been problematic for ship and yacht owners due in large part to onerous regulations and manning requirements. ‘The US flag has a very unwelcoming regime of laws and regulations that make it extremely difficult for a ship of any size to be registered,’ says Moore. Matt Ruane, director of JTC Marine and Aviation, cites some specific reasons a US flag may not appeal to owners of large yachts.

If you are tempted to use the flag of a state because you like the AK-47 image on it, resist.

Maritime attorney Michael T. Moore

‘US residents often wish to purchase yachts outside the US and register on to a non-US flag in order to avoid US sales and/or use tax,’ Ruane writes. ‘US Coast Guard legislation fails to differentiate between merchant vessels and commercial yachts, meaning most large yachts would fail to meet their “Seagoing Motor Vessel” requirements, which, in essence, apply SOLAS requirements to all vessels in excess of 300GT.

‘A US-resident master and crew are required for all large yachts, unless operating privately and outside of US waters. A US flag requires US corporate or private ownership, and the concept of nominee directors and shareholders is less understood and thus, less acceptable, essentially meaning that US corporate ownership is more transparent.’

The actual cost of flagging offshore is relatively low, provided your yacht meets class requirements, which is something an owner would want to consider especially when buying a brokerage yacht. The cost of bringing a yacht up to class can be substantial.

Choosing a flag is a matter best undertaken under counsel of a maritime attorney. There are many possible avenues depending on an owner’s intended use and other considerations, but at the end of the day, most advise sticking with the tried and true.

‘If for whatever reason you are tempted to use the flag of a state because you like the AK-47 image on it,’ says Moore, ‘resist.’

Originally published: Superyacht Owners’ Guide 2012.

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Planning the perfect charter requires specialist knowledge, trusted contacts on board and on the ground, as well as first-hand knowledge of yachts, crews and locations, as well as legal contracts and local regulations to build an experience that suits you perfectly. Another reason to choose a broker is that sometimes there can be unforeseen issues with yachts or destinations and having an experienced broker to protect your interests and build a plan B is hugely reassuring. 

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Charter a luxury yacht with Burgess. We are trusted for our expertise, and it is the first-hand insights of our charter brokers that raise the bar. Our collective knowledge serves to make your superyacht charter experience exceptional. Explore our stunning collection of luxury yachts for rent or hire and speak to our experts about chartering a private yacht to your dream destination.

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Every charter yacht in the Burgess fleet is unique, from interior design and on board facilities, to watertoys and impeccable service. We rigorously inspect every yacht to ensure that when you find your ideal match, it exceeds every expectation.

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A superyacht charter offers life-affirming adventure and little can compare to a tailor-made experience orchestrated by your Burgess broker. By accommodating both your preferences and requirements, no detail is left to chance.

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Tempted by a summer yacht charter? Set sail for the Mediterranean , where you can unwind in one of Ibiza ’s famous wellness retreats, or explore the iconic pink streets of Saint-Tropez .   Greece also makes the perfect destination for an explorer yacht charter holiday, thanks to its abundance of islands. Perfectly blending beautiful coastlines, sunsets and sites of antiquity, you’ll be well on your way to an indescribable Greek adventure.

If it’s cooler climes you’re after, don’t panic. Alaska and Antarctica are both popular destinations for expedition yacht charters that are filled with thrills. Try heli-skiing and hiking, kayaking through icebergs or experiencing them from below in a submersible, before warming up on board your luxury winter yacht charter.

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YACHT REGISTRATION — CHOOSING YOUR FLAG

Posted November 22, 2019 in Brokerage & New Build by Janine St.Denis

If you’re considering purchasing a yacht , there’s a lot more to contemplate than simply where you’ll be cruising. Your choice of flag state, the nation where your yacht is registered one of the most important decisions you will make as a yacht owner.  Your choice of flag may affect the taxes you pay regarding the purchase and operation of your yacht, how your yacht is crewed, where it may sail and how often authorities may board and inspect your yacht.

Many European nations, and the United States, have onerous and labyrinthine maritime laws and codes. If you choose to charter out your yacht, this may complicate matters further as chartering means the yacht is under commercial vessel regulations; the rules of many ports demand different standards between private and commercial.

For the American yacht owner, there may be a sense of pride to fly Old Glory off the aft of the yacht, but US vessel documentation can cause some issues. Registering your yacht in a non-US jurisdiction can be part of the solution. That being said, there are some benefits to the US flag. If your yacht clocks in at less than 300 Gross Tons (a measurement based on interior volume, not weight), obtaining a US flag is fast and easy, particularly for yachts staying in US waters or cruising The Bahamas or Caribbean; it also is patriotic and cheaper for US-built yachts. But if you’re planning to cruise outside of the aforementioned areas, the benefits to a foreign flag may outweigh your patriotic leanings.

The Foreign Flag — What it means for your yacht registration

Most US and EU yacht owners choose to register their vessels under foreign flags. The flag of the vessel determines who is responsible for regulating and inspecting the vessel. The flag nation also determines under whose laws and jurisdiction the vessel operates (local port state laws may also apply). Due to this, most US and EU yacht owners prefer to register their yachts under jurisdictions that have streamlined taxation and registration procedures and lower tax rates, and also allow for multiple registrations of vessel names and owner anonymity.

British Commonwealth or “Red Ensign” nations are among the most popular flags for yacht registration. These nations are Bermuda, Gibraltar, Jersey, Guernsey, Turks and Caicos, Isle of Man, British Virgin Islands and the Cayman Islands. These jurisdictions are favored for their tax rates, ease of administration, favorable local corporate tax laws, and adherence to the Paris Memorandum of Understanding on Port State Control (Paris MoU).  They also allow the yacht to operate under the Temporary Import Regime (which allows a non-European owned vessel to operate for 18 months without the vessel being subject to custom duties or the EU’s Value Added Tax [VAT]).

Some of the other most popular yacht flag designations are listed below.

The Marshall Islands & St Vincent & the Grenadines

Yachts with these flags have advantages similar to the Dutch registry, but these flags are better for pleasure yachting and charters based in the South Pacific. The flags are part of the Paris MOU White List, there are no taxes on operating profits, and they offer strong maritime support from maritime offices around the world.

Malta yacht registration is ideal for those who must remain registered under an EU flag but need relief from onerous VAT calculations. The Maltese flag is one of the most popular flags of registry for superyacht owners in the EU, as it is listed on both the Tokyo and Paris MOUs, the Maltese flag receives preferential treatment regarding port charges and taxes, there are no restrictions as to the nationality of the master, crew and officers of the vessel and the flag offers expedited service for registration and extensive yacht owner support.

Panama is an inexpensive alternative if you plan to sail primarily in and around the Caribbean. Panama has low tax and registration rates and offers corporate structures ideal for running a charter or other commercial related venture.

The Final Choice – Which Flag to Choose?

Each yacht owner’s situation is unique and, as such, you should consult with the appropriate maritime counsel and your yacht broker to ensure that your yacht flies a flag that makes the best sense for how you intend to use your yacht.

Owning a yacht should be fun. Let Northrop & Johnson’s yacht brokers take the complications out of yacht ownership by answering your questions on flag registration and more. Contact our expert team today.

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Timmerman Yachts is a large scale Dutch-Russian consortium superyacht building yard who constructs top quality displacement motor yachts. Timmerman superyachts are built at Moscow Shipyard which is the leading Russian partner in the Timmerman Yachts project. Other European Members of the project include some of the leading Dutch naval architects and designers of large displacement yachts such as Vripack , Guido de Groot Design and Ginton Naval Architects . Additionally, Timmerman Yachts enjoys the involvement of leading British designers Jon Bannenberg Ltd and Francis Design Ltd.

The range of semi-custom private yachts currently built by Timmerman Yachts and designed by their European partners includes models ranging from 26 – 47m, namely the TM26, TM33, TM40 and TM47. Other yachts include the Timmerman FD-52 which is a custom build, designed by Francis Design Ltd which provides exceptional hydrodynamics and a long waterline length hull. This allows for striking looks as well as a speed of 18 knots with low fuel consumption. Modern technologies and equipment are used in the construction of all of the luxury yachts produced by Timmerman Yachts.

Photo: 26.4 m Luxury yacht ATLANTIC by Timmerman Yachts

Timmerman Yachts was founded in 2003 and named after Franz Timmerman (1644-1702) who introduced Dutch boat building methods to Russia in the 17th century. Timmerman is credited with convincing Peter the First of both the importance and the charm of maritime affairs and he was entrusted with the construction of great fleets of both naval and trading vessels. As well as forging links between two Great European Embassies, Franz Timmerman was also able to arrange for Tsar Peter to study at the Amsterdam boat yards where the Tsar got his "Certificate of Timmerman" as ship joiner.

The yachting company continues this very successful Russian-Dutch partnership, with more than 1000 people who studied in Holland now working at Timmerman Yachts at the Moscow Shipyard in Russia. The name of Franz Timmerman, co-founder of the Russian Navy, is honoured in the title of this project. "Our aim is to build the best motor yachts from the point of view of the ratio “price-quality”, combining in them the newest technologies of European yacht-building with reliability of Russian ship-building, having military roots" -  Dmitry Mironenkov, the president of Timmerman Yachts.

Timmerman has  powerful production capabilities, broad experience, exceptional  specialist knowledge, and cooperation with the leading Dutch Naval Architects which enable them to realize the most incredible and daring ideas into their superyacht projects. The consortium enables its client to receive a luxury motor yacht with unlimited range and best consumer qualities, at an attractive price and in reasonable time. Names of the luxury yachts delivered by Timmerman include motor yacht Victoria M (2008), megayacht ALEXANDRA (2008), motor yacht Kitty (2008), New Star , (2006), M/Y Nord Star , (2005), Smile (2004) M/Y Olsten 125' ( 2004), and motor yacht Pallada (2003), Novaya Zvezda (2006).

Timmerman yachts comply with the highest shipbuilding standards: certification and supervision of DNV, MCA, Russian River Register. This kind of approach to certification provides complete compliance of yacht characteristics with international standards and allows a yacht owner to charter his yacht in any part of the world and to sell it without any difficulty.

The consortium allows its client to get a motor yacht with unlimited range and best consumer qualities, with attractive prices and in reasonable time.

At the moment the shipyard is building 17 yachts. According to the length of the yachts Timmerman Yachts is among the ten leading shipyards of the world.

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How to choose your yacht’s flag state

One of the most important decisions yacht owners have to make is choosing a flag state ( i.e. country of registry) because this decision will impact the taxes, privacy issues, exposure to liability and freedom to travel. In general, as long as the legal requirements and construction standards are met, yachts can be registered in any country, not just where the owner resides. Most experts agree that the best solution is an offshore registry in countries where the safe fiscal and legal systems offer relatively simple procedures for setting up offshore corporate structures such as Cayman Islands, the Channel Islands or Bermuda. The largest ship registry in the world is Panama, with almost 9,000 ships.

Because of the sometimes prohibitive costs of operating a yacht, charter income programs are an attractive option designed to help reduce operating costs and maintain the vessel in safe conditions. The charter management company takes care of insurance, dockage and maintenance issues, which can reduce the annual operating costs by as much as 70%. Additionally, engines and other systems are used more often and this increases their lifespan.

Sailing under a particular flag can be a complex decision that involves knowledge of international maritime law, so it’s best to consult with a lawyer specialized in these matters. The flag state is authorized to enforce regulations related to periodic inspection, certification, pollution prevention and the number of days per year that the vessel needs to berth in its place of residence.

A good place to start looking for a flag country is the White List maintained by the Paris Memorandum of Understanding on Port State Control (Paris MoU). Flags on this list have a strong performance in the areas of safety, security and environmental protection and are subject to fewer inspections from the port officers. The Paris MoU also maintains Grey and Black Lists, where the risk of ship boarding and detentions is higher.

For reasons related to taxes and safety many owners choose the Cayman Islands, a British Overseas Territory in the Western Caribbean. The Cayman’s flag, known as “Red Ensign” is more popular among large yachts. Other countries flying the Red Ensign and offering similar tax advantages are Bermuda, Anguilla, the British Virgin Islands, Gibraltar, and the Isle of Man. Essentially, these countries offer various benefits for boat owners such as low registration costs, simplified bureaucratic procedures and, in some cases, no taxes. This is especially useful for the residents of the European Union, who can register a yacht under a non-EU flag and operate under a “temporary importation structure” for 18 months without paying taxes or customs fees. The owner can reapply after the 18 months are over.

It’s estimated that about 80% of the total amount of large yachts are currently registered in British Overseas Territories, especially the Cayman Islands and Gibraltar. According to the brokerage and management firm Edmiston Company, the decision to register a yacht in one of these countries is mostly due to their prestige, high standards and adherence to the Large Yacht Commercial Code, availability of a large number of qualified surveyors, protection of British maritime law, consular services and navy and commercial confidentiality .

Marshall Islands, Malta and Liberia are also popular options for large yachts, with construction, inspection and compliance systems in place that make it easier to own and operate large yachts. On the other hand, the US flag is not sought by yacht owners because of the burdensome regulations and numerous requirements that make it very difficult for any ship to be registered.

Considering all the above mentioned, here are the best four countries for yacht registration:

1. Cayman Islands

Renowned for its blue waters and stunning white sand beaches, the Cayman Islands is a British Overseas Territory in the Caribbean Sea, south of Cuba. With a population of only 57,000 people, the territory is made up of three islands: Grand Cayman, Little Cayman, and Cayman Brac. The islands are the fifth largest financial center in the world and its residents have the highest standard of living in the entire Caribbean region. The bank privacy laws and lack of income taxes make it the most popular place to set up companies and subsidiaries. Sailing under the prestigious Red Ensign means that yachts registered in the Cayman Islands can enjoy the privileges of the British flag. Other good options are Jersey, the Isle of Man, Bermuda, Gibraltar, Anguilla and the British Virgin Islands.

2. Marshall Islands

This is a presidential republic in free association with the United States, which provides defense and subsidies. Due to this fact, yacht registry in this region has grown to become the third largest in the world. The number of luxury yachts sailing under the Marshallese flag almost rivals the one in the Cayman Islands. Yacht owners have the option of registering a private yacht under a one-year or a three-year program. Qualified private yachts are allowed to charter in the Marshall Islands up to 84 days a year and are subjected to detailed surveys for lifesaving, safety and firefighting. A minimum safe manning certificate is necessary when chartering. Another advantage is that yachts can be registered while still under construction and can obtain a United States Cruising Permit. All commercial yachts registered in the Marshall Islands are eligible to charter in Europe.

Africa’s first and oldest republic was founded by freed slaves in America who resettled here during the XIX century. Liberia is one of the first tax-free countries in the world, with simple and fast ship registration process. The Liberian Registry – the second largest in the world – includes over 3900 ships. This is an important source of income for the country, generating an estimated $18 million a year. There are no restrictions on crew nationality or country of construction and the Paris MoU puts Liberia on its White List.

The tiny island nation of Malta has a long maritime tradition due to its strategic location and natural harbors. The low registration costs and respectability in this country has resulted in the largest ship registry in Europe, fully compliant with EU regulations. Ships can be registered in the name of companies or citizens, regardless of nationality and there are no restrictions regarding crew nationality, sale or trading. Owners of large yachts are offered attractive incentives such as preferential treatment in certain ports. Additionally, commercial yachts do not pay taxes on any income generated by their operations and are VAT exempt.

As we’ve mentioned above, there are many countries that offer good protection, low taxes and privacy and choosing the right one depends on the particular needs of each yacht owner. You have also the possibility to consult a professional firm specialized on yacht registration that will save you a lot of effort and help you find the best option.

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Cruising in Style: Onboard Tommy Hilfiger’s charter yacht FLAG

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By Paloma Shemirani   20 October 2023

With over 3 millions subscribers on YouTube, Enes Yilmazer is known for his video tours of high-end real estate and luxury lifestyle content. In March 2023, he was invited aboard the renowned fashion designer’s motor yacht to review it during a 3-day charter in the Bahamas , starting in Nassau.

Formerly named Faith, Tommy Hilfiger bought the 204-foot vessel by Feadship back in 2017 and renamed it FLAG after his company’s iconic logo. When Yilmazer asked why he had bought a Feadship, Hilfiger simply replied, ‘they’re the best in the world.’ Being so impressed by the boat’s beautiful interiors and numerous special features, Yilmazer’s review certainly endorses this.

Throughout the video, Yilmazer repeatedly praised FLAG’s classical interiors that were designed by Chahan Minassian: having been refitted in 2022, the interiors are characterized by their elegant light wooden paneling which perfectly complements the cream shade of the plush carpets, leather wraps, and natural stone flooring. As Yilmazer pointed out, the boat may be over twenty years old (being constructed in 2000), but her classic designs are truly timeless– ensuring a broad appeal for any and all who wish to charter her. 

With this colour palette, FLAG has a light, airy feel to it, which is enhanced by the large windows and portholes built in throughout the different decks. It also goes perfectly with the red, white, and blue colour motifs seen throughout most of the rooms– a tasteful homage to the Hilfiger brand. 

While remaining classical in style, modern elements like motorized doors and pop-up TV’s were seamlessly integrated into the interiors 

In his first full day on the luxury charter yacht , Yilmazer was quick to take advantage of FLAG’s extensive selection of water toys which included SeaBobs, jetskis, and even an ‘aquabana’ which floated on the Caribbean waters by the inflatable water course. Charter guests can even slide into the water from the upper deck using the inflatable slide. Hilfiger had added to the megayacht’s selection of water toys, which have become his wife’s favourite aspect of the boat. 

After a day of fun in the sea, guests can head inside for an exquisite meal cooked by Chef Josh. When interviewed, Hilfiger praised the chef’s freshly-made bread and what he called ‘Nobu night’, which was a delicious selection of sushi and Asian cuisine prepared in the galley’s state-of-the-art facilities. On the sun deck there’s even a pizza oven, meaning that you and your party can experience dishes from across the world in just one charter. After dinner, you can relax in the sun deck’s jacuzzi  with one of FLAG's signature cocktails.

I keep it in impeccable condition... The crew is incredibly experienced and professional... my family looks at them as family.

Yilmazer was also impressed by the number of special features on FLAG; this included an elevator which could go between all the floors– a must-have on such a large vessel. When touring round the master suite, the vlogger also remarked on the LED light embedded in the clothing rails to illuminate all your clothes– a feature he had not seen before on either another yacht or even in real estate. Finally, in each of the 7 suites there were independent thermostats which allow guests a truly comfortable and bespoke experience as they can alter the room’s temperature to their unique tastes. 

If Yilmazer’s glowing review has tempted you, then FLAG is available for charter in the Bahamas in the winter starting at $476 000. The yacht is also on sale for $46 million. Be sure to speak to your preferred charter broker to book FLAG for your next charter vacation. 

If you are interested in chartering in the Bahamas , then take a look at our sample itineraries for more inspiration:

ITINERARIES FOR CHARTERS IN THE CARIBBEAN

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67m Benetti 2022

65m Codecasa 2010 / 2022

58m Trinity Yachts 2011

52m Mie Zosen 1980 / 2008

55m Feadship 1993 / 2017

55m Heesen 2023

50m Trinity Yachts 2010 / 2022

50m Trinity Yachts 2008 / 2018

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Putin on the Ritz…?

June 17, 2012 at 5:18 pm

Reply ↓

I realize that Moscow is on the Volga River, which connects to the Caspian Sea, but I’m wondering how foreign vessels can reach it? Or do foreign travel companies just buy a yacht that’s already "in the system"?

June 17, 2012 at 5:19 pm

From the Caspian Sea, Gary, yachts come up the Volga then on to the Oka River and enter a tributary call the Moskva ("Moscow" in Russian) River. Alternate route is Volga to man-made Moscow Canal (which connects Volga to Moskva River). The big superyachts can’t get into the city limits because the river is only 3 inches deep. Just outside of the city, however, the water is 6 meters deep, perfect for large yachts. Yacht passengers easily travel into the city by limousine. (I imagine thoughts of hovercrafts, etc are a consideration for someday…) James Bond, anyone?

June 17, 2012 at 5:27 pm

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