Important news about the use of the Delaware registration in the European Union and other countries outside the state of Delaware.
Delaware puts a ban on the use of the Delaware yacht registration outside its own terrority affecting hundreds of yachts cruising in the European Union.
Delaware has accepted new laws and regulations which strictly forbid the use of the Delaware boat registration outside the state of Delaware.
They even have launched criminal cases against boat owners with a max. prison sentence of 1 year and/or serious penalties.
Also, they warn boat owners that a Delaware registration does NOT provide the US nationality to the yacht as it is just an ownership registration.
European authorities have been informed about this important change.
Want to know more about flagging policies and regulations and appropriate coding for the private yacht -and charter ownership – contact us!
We advise yacht owners and assist in the ownership and registration of yachts on four different continents, both for the private ownership market and charter ownership market. For more information about new regulations of Delaware yacht registration in the European Union and what actions you need to take before the ban takes place – please contact us!