Requirement for Representative Person
In order for a ship or yacht to be registered in the Cayman Islands, it must be owned (as to at least a majority) by a person qualified to do so under the Merchant Shipping Act (2016 Revision) of the Cayman Islands (the “Merchant Shipping Act”).
Persons qualified to own a Cayman Islands flagged vessel under the Merchant Shipping Act include, amongst others, individuals and/or bodies corporate, shipping entities or foreign companies incorporated, established or registered in:
Where the owner of the ship or yacht is not resident in the Cayman Islands, the Merchant Shipping Act provides that the owner must appoint a “representative person” in relation to the vessel before they can proceed to register the vessel under the Cayman Islands flag. The representative person can either be an individual resident in the Cayman Islands, or a company incorporated in the Cayman Islands and having a place of business there. The owner must maintain the appointment of a representative person as long as the vessel remains registered under the Cayman Islands flag.
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Provision of Representative Person Services for Cayman Islands Registered Ships and Yachts