If the owner of a vessel is a person or entity qualified to register a vessel in the Cayman Islands, but is not a Cayman company or resident in the Cayman Islands, a Local Representative is required and Cayman Management acts in this capacity for many such clients. This appointment must be made before submitting the registration application to the Cayman Islands Shipping Registry
The services provided by a Local Representative include
- Physical presence in the Cayman Islands
- Forwarding of notices, documents and information received from the Cayman Islands Shipping Registry to the owner of the vessel
- Renewal of annual ship radio licence
- Agent for payment of annual tonnage fees
The registration of a yacht in the Cayman Islands, including the registration of a mortgage when applicable, can be completed immediately all documentation is in order and filed with the Cayman Islands Shipping Registry. The role of your Local Representative is crucial to the efficiency of the registration process and ongoing operation of the vessel. As the Local Representative Cayman Management will ensure routine matters are handled efficiently and in a timely fashion and that you are kept up to date with all new regulatory requirements.
To discuss provision of Local Representative with Cayman Management Contact us.