International Registries, Inc. and its affiliates (IRI) provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries and have been administering maritime and corporate programs and been involved in flag State administration since 1948. IRI, which is headquartered in Washington, DC/Reston, has a network of 27 offices located in major financial and maritime centers throughout the world.
The RMI allows, through its national legislation and the RMI Yacht Code, the registration of private yachts, private yachts limited charter, commercial yachts, and passenger yachts. It also allows for RMI flagged private yachts to charter in French and Monegasque waters without the need for commercial registration by requesting a Temporary Certificate of Registry (CoR) for Yacht Engaged in Trade (YET).
Yacht owners can choose the home port of either Bikini or Jaluit. Two (2) yachts may share a common name as long as they are registered in different home ports.
Like commercial vessels, ownership of yachts registered in the RMI must be through an RMI corporation, limited or general partnership, limited liability company, or a qualified foreign maritime entity.