Tag: UAE

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…

The Environmental Landscape of the Superyacht Sector in The Middle East

In recent years, The Middle East has been gearing towards establishing itself as a superyacht destination that would welcome owners worldwide to extend their peregrinations to the region, a prospect that is particularly appealing during the winter time but offered all year round. Developments ranging from the United Arab Emirates’ world-class Harbour and Mina Rashed…