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Asset Managing Group, Inc.

704 N. King Street Suite 50
P. O. Box 1031
Wilmington, DE 19899
County of New Castle

Important Numbers
800.219.9359 toll free
561.968.6611
302.658.6400 ext. 17
 703.995.0899 fax

All Major Credit Cards Accepted

Yacht Registration in the Marshall Islands

The Marshall Islands ship registry (the Registry) program provides yacht registration in a highly reputable jurisdiction that complies fully with the internationally adopted standards of the International Maritime Organization (IMO). International lending institutions, shipbuilders, and ports have recognized and maintained full confidence in the Marshall Islands vessel registration, documentation, and preferred ship mortgage recordation standards and procedures. It is this adherence to standards and stellar reputation that has made the Marshall Islands Registry the fourth largest open registry in the world.

To qualify as a private yacht in the Marshall Islands Registry, the yacht must not be on charter for more than 84 days per year or carry more than twelve (12) passengers for hire. It cannot be engaged in trade or commerce and it is used solely for the pleasure or recreational purposes of its owner. The registration of private yachts is generally limited to those of 12 meters or more.

There are two registration periods for yacht registrations. The owner of the yacht may register for a one (1) year annual registration, where the owner must renew his/her yacht registration on an annual basis. Alternatively a three (3) year registration is available, freeing the owner from annual filings and also providing for a reduction in costs from the annual registration.

By registering a yacht with the Marshall Islands, the owner of the yacht has significant practical attributes and services available. These services include:

  • Mortgage recordation and documentation: this service allows for the continuation of the preferred status of the mortgage in the present country of registry without interruption.
  • Vessel inspection: the Registry has mandatory classification and statutory surveys, certification systems, and annual operational safety inspections recognized by the Maritime Administration as being in full compliance with IMO resolutions.
  • Radio station licensing: availability of ship radio station licenses based on the International Convention for the Safety of Life at Sea (SOLAS), the International Telecommunications Union (ITU) and the statutes of the Republic of the Marshall Islands.
  • Technical assistance: support and technical assistance is available from a staff of experienced mariners, naval architects, surveyors, nautical inspectors, marine safety and environmental protection specialists, shipping company administrators, radio specialists and casualty investigators.
  • Information on maritime regulations and port activities: an information network of Marine Safety Advisories is distributed to apprise owners and operators of changes to international shipping regulations and port State control activities to help avoid unnecessary delays and compliance problems.
  • International representation: the Marshall Islands provides a worldwide network of Nautical Inspectors who conduct in-port inspections and respond to ship-owner and operator needs.

Other Advantages include:

  • Private yachts are eligible to obtain a United States Cruising Permit.
  • Specific Safety Codes of Practice certification for commercial yachts are in place to ensure compliance with national regulations.

Our fees are competitive. Click here for our fees  or contact us toll free at 800-219-9359 or at 561-968-6611

 

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Want to Incorporate a Corporation or LLC Offshore? If an "offshore" IBC is the answer to your business formation needs you should look at setting up a new entity in St. Vincent and the Grenadines and the Marshall Islands.        
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We now offer yacht registration for pleasure & commercial yachts in the Marshall Islands.

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Disclaimer: You are responsible for making sure that all documents submitted for the purpose of opening an are suitable for such purpose and otherwise legally sufficient. This includes, without limitation, ensuring that the documents are properly dated, executed, and certified where appropriate. ASSET MANAGING GROUP, INC. reserves the right to retain any moneys it receives if there is positive evidence of fraud or any other material civil or criminal infractions by the applicant. Intentional falsifying or withholding of information may subject the applicant to prosecution under the laws of the State of Delaware and United States. In select cases, ASSET MANAGING GROUP, INC. may be obligated to share  information with appropriate state and federal authorities. Once a Corporation or Trust have been filed with the state there are no refunds applicable.

ASSET MANAGING GROUP, INC. is a Delaware corporation. We do not offer legal or financial advice, however we do have partners who offer this type of service. The use of our phone numbers on your web site or your corporate stationary is prohibited.

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