Spain remains one of the most attractive destinations for superyacht chartering in the Mediterranean. However, behind its appeal lies a complex legal and regulatory framework that many owners underestimate.
The Cayman Islands Merchant Shipping Act released in March earlier this year, requires that a written employment contract is in place between every seafarer and employer.
When it comes to selecting a flag state for superyacht registration, the Marshall Islands have emerged as an attractive choice for discerning owners seeking a combination of prestige, regulatory compliance, and administrative efficiency.
