Cayman Islands
Membership in the Red Ensign Group, a group of British Maritime Registries that includes the UK Register, the British Crown Lands and the British Overseas Territories. A ship registered under the flag of the Cayman Islands acquires the status of a “British ship” and the right to sail under the British merchant flag.
Ability to register a vessel of any size and characteristics.
Convenient and relatively low-cost maritime registry service, as its offices are located in the UK, USA, Greece, Monaco, Italy, Japan, Hong Kong and Singapore.