Tri-jurisdictional Yacht Planning:

Flagging, Ownership, and Chartering

Yacht ownership is complex, which is quite reasonable given the value, mobility, and technical qualities of the asset in question. Some yachting advisors choose to reduce this complexity by opting for a single jurisdiction through which to manage a given yacht, but in many cases this is to miss an opportunity. Others are simply unaware that a multi-jurisdictional model is possible, to the same result. In fact, a properly constituted yacht administration structure can take advantage of the particular benefits of several different jurisdictions at once. This paper outlines the different considerations involved in choosing jurisdictions and how to build a multi-jurisdictional administration plan.

This covers in one document:

  • The difference between the flag state, the ownership jursidiction, the use jurisdiction, and priorities when choosing each.
  • How to choose a jurisdiction, including questions about purpose, location, nationality, and regulations.
  • Three case studies of different yacht uses and how they could be structured.
  • An outline of the most popular European jurisdictions.
  • Commentary on the division of labour in properly built structures.

Download our complete guide to yacht structure planning.

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