There is a big difference between flag state and where the actually ownership of the vessel is registered. They can be two different locations, flag is governance of the yacht and the owning person or entity can be another location which dictates taxes and crew etc... its key as it not only effects taxes & charter regions you can operate in but also which nationality of crew you can hire. Unless you are only operating solely in US waters, I would never flag or register it in the US,. Firstly your crew choices would be limited and be way more costly...but it also affects your ability to charter in the Caribbean etc etc which is very lucrative. Also if you want to use it in US territorial water then you could go with a flag like Marshall Islands which has a permit to operate in US waters.
yes it's possible to do what you're saying but it is rarely done which is why I didn't mention it as to avoid confusion. Generally speaking you wouldn't register your boat in cayman and flag it somewhere else. you also wouldn't flag it in cayman and register it in florida. so, the flag state is basically the country where the ship’s registered, and it decides the laws the ship has to follow, like safety rules and crew qualifications. but sometimes ships get registered in a different country to get tax breaks, more privacy, or easier rules. the country where it’s registered takes care of all the paperwork. there are deals between some countries that let a ship be flagged in one place and registered in another, mostly for international shipping stuff. even if it’s registered somewhere else, the ship still has to follow the flag state’s laws on safety and other things. shipowners might do this for lower taxes, fewer regulations, or better legal protection.
It used to be, not sure it still is, thgpat if you flagged American, then your captain and chief engineer, or chief ztew had to be American as well, but then I thought they changed it to the chief engineer could be from the EU or Great Britain but the captain had to be American. But I've been out of yachting a long time. I know as zn American, when I was on a megayacht, there were certain countries I couldn't get off the boat. Egypt, Vietnam, Lebanon and Kenya. I know things change and you can probably go anywhere as a US flagged ship now but not sure what the manning rules are
yeah every flag has different jurisdiction and rights etc (not sure if I'm phrasing that properly). As of now if you're an American flagged vessel you should employ American crew, or crew that have American visas. not sure if this applies to yachts in American waters or not I'm not an attorney and the flagging of each boat is a habit hole depending on the owner of the vessel, where the vessel was built, the crew, taxes, etc.
You're not wrong.... it's only a part ruling and applies to non management or senior staff.... it's basically a grey area and immigration rules come in. Flag offshore under a flag which allows operations in US waters and register the ownership of the vessel offshore so you can hire a wider range of people at lower costs.
There is a big difference between flag state and where the actually ownership of the vessel is registered. They can be two different locations, flag is governance of the yacht and the owning person or entity can be another location which dictates taxes and crew etc... its key as it not only effects taxes & charter regions you can operate in but also which nationality of crew you can hire. Unless you are only operating solely in US waters, I would never flag or register it in the US,. Firstly your crew choices would be limited and be way more costly...but it also affects your ability to charter in the Caribbean etc etc which is very lucrative. Also if you want to use it in US territorial water then you could go with a flag like Marshall Islands which has a permit to operate in US waters.
yes it's possible to do what you're saying but it is rarely done which is why I didn't mention it as to avoid confusion. Generally speaking you wouldn't register your boat in cayman and flag it somewhere else. you also wouldn't flag it in cayman and register it in florida.
so, the flag state is basically the country where the ship’s registered, and it decides the laws the ship has to follow, like safety rules and crew qualifications. but sometimes ships get registered in a different country to get tax breaks, more privacy, or easier rules. the country where it’s registered takes care of all the paperwork. there are deals between some countries that let a ship be flagged in one place and registered in another, mostly for international shipping stuff. even if it’s registered somewhere else, the ship still has to follow the flag state’s laws on safety and other things. shipowners might do this for lower taxes, fewer regulations, or better legal protection.
It used to be, not sure it still is, thgpat if you flagged American, then your captain and chief engineer, or chief ztew had to be American as well, but then I thought they changed it to the chief engineer could be from the EU or Great Britain but the captain had to be American. But I've been out of yachting a long time. I know as zn American, when I was on a megayacht, there were certain countries I couldn't get off the boat. Egypt, Vietnam, Lebanon and Kenya. I know things change and you can probably go anywhere as a US flagged ship now but not sure what the manning rules are
yeah every flag has different jurisdiction and rights etc (not sure if I'm phrasing that properly). As of now if you're an American flagged vessel you should employ American crew, or crew that have American visas. not sure if this applies to yachts in American waters or not I'm not an attorney and the flagging of each boat is a habit hole depending on the owner of the vessel, where the vessel was built, the crew, taxes, etc.
You're not wrong.... it's only a part ruling and applies to non management or senior staff.... it's basically a grey area and immigration rules come in. Flag offshore under a flag which allows operations in US waters and register the ownership of the vessel offshore so you can hire a wider range of people at lower costs.