Tag: Foreign Flags

Foreign Commercial Yachts Now Permitted to Cruise Egyptian Waters Restriction-Free

In a significant development to Egypt’s superyacht tourism plans, foreign-flagged, commercially registered yachts are now permitted to cruise Egyptian waters restriction-free. The new edict, enforceable from May 2025 onwards, stipulates that the vessel’s maritime agent must supply local authorities with a confirmation, ensuring that no commercial activities will take place in Egyptian territorial waters for…

The new UAE Maritime Code allows any foreign entity to fly the UAE flag, will its absence from the Paris White List prove to be a detriment?

For owners in the early stages of owning a yacht, the choice of flag serves as the most crucial decision to make, as it will have a direct effect on every aspect of ownership from tax, privacy, functionality, and exposure to liability. On March 24th, the UAE will promulgate its 2023 Maritime Law Code. The…