Selecting the Right State Flag for Your Yacht
Yacht registry happens to be one of the most interesting and important aspects of purchasing or owning a yacht for international cruises. Just like online ship registration, yacht registry are also of equal significance. So, whenever you purchase or lease a yacht, consult your broker or lawyer who will let you know the right procedure to get your boat registered. The flag you choose to go with will fly from the transom of your yacht and will have a direct influence on your privacy, liabilities, boarding charges, taxes, and so forth. So, you need to be careful about deciding which flag would prove to be the best for your yacht. Technically, a flag state is the government authority or the country that gives your boat a legalized access to open waters. It can either be the nation that you belong to or a country where you work or carry out your business. There are a number of benefits of getting your yacht regi...