Our Senior Associate, Adam Crane, will be attending and speaking at the American Bankruptcy Institute (ABI) Annual Spring Meeting on April 11-14, 2019 at the Marriott Marquis in Washington, D.C. Adam will be speaking in a panel discussion on April Read more +
In order for a Cayman Islands Will to be valid it must be both ‘essentially’ valid and ‘formally’ valid. HSM’s Head of Private Client and Trusts, Robert Mack, explores this structure and what’s new for 2019. Essential Validity For a Read more +
Both the same, right? According to HSM Partner and Immigration expert Nick Joseph, the answer is fundamentally yes. Under the Immigration Law of the Cayman Islands, seemingly not. Unexpected twists and pitfalls await the unwary. Through decades of tweaking we Read more +
The HSM Group congratulates Partner William (Bill) Helfrecht for his recognition by Chambers and Partners. For the second consecutive year, William is featured in the Band 3 ranking in the 2019 Chambers Global Guide for dispute resolution: trusts in the Cayman Islands. William’s practice primarily Read more +
Why Should You Register a Vessel in the Cayman Islands?
The Cayman Islands is recognised as one of the most prestigious flag states internationally and is a popular and attractive base for the registration of foreign owned vessels.
The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, are a British overseas territory located in the western Caribbean Sea. Cayman is a major world offshore centre, which, in conjunction with its comprehensive maritime legislation, allows flexibility and safety for vessel owners in a tax neutral environment.
Cayman is a category 1 British Registry, affording Cayman registered vessels all the privileges that accompany the British Flag, along with full international recognition.
Additionally, a wide range of ownership structures is available to facilitate flagging a vessel in Cayman, and it is not always necessary for a Cayman Islands flagged vessel to be owned by a Cayman Islands individual or entity. Moreover, there are few restrictions on crew nationality for Cayman flagged vessels.
A full range of vessel registration options are offered by the Cayman Islands Shipping Registry (from bareboat charters to full registration).
HSM advises on all aspects of the vessel registration process in the Cayman Islands and maintains excellent relationships with the Cayman Islands Shipping Registry and is listed as a maritime services provider/partner.
For more details on our vessel registration services, visit hsmoffice.com/law/vessel-registration.