Tag: Foreign Flags

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…