Cook Islands
This state is a member of the Royal Yacht Club and is considered the country of choice for the registration of yachts (vessels), since there is an “open registry” that registers yachts (vessels) regardless of the nationality of their owner.
Benefits of this register:
-moderate registration fees;
-no taxes on the sale of yachts (vessels);
-no duties on profits from overseas maritime commercial activities;
-no restrictions on the ownership or age of yachts (vessels) that can be registered by any person regardless of citizenship or place of residence;
-confidentiality of private information about the shipowner;
-registration and issuance of documents is carried out within 1-2 days;
-a registration program for three-year and five-year periods has been developed.