YACHT
The RMI allows, through its national legislation and the 2021 RMI Yacht Code the registration of:
Yacht owners can choose the home port of either Bikini or Jaluit. Two yachts may share a common name as long as they are registered in different home ports.
The 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 (FME).
Advantages
- Innovative 2021 RMI Yacht Code (MI-103 or the “Code”) which provides a practical approach in construction and commercial operations, while ensuring compliance with international regulations.
- The RMI has been included on the USCG’s QUALSHIP 21 roster for the 18th consecutive year and continues to be included on the White Lists of both the Paris and Tokyo Memorandums of Understanding (MoUs).
- Regular development and launch of new initiatives to meet the demands of the yachting industry.
- Dedicated team of yacht technical and marine safety specialists.
- With an assigned permanent representative at the IMO, the RMI participates in all major committee and subcommittee meetings.
- The RMI is an active member of the ILO and was one of the first flag States to ratify the MLC, 2006.
