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Lots of good information posted; however, I generally recommend hiring a maritime attorney for offshore registrations. Whether Bikini or other flags of interest, keep in mind when comparing the price of paying state sales tax versus cruising US on a cruising permit as a foreign vessel, you usually need to set up an offshore corporation. That and the legal fees can sometimes make a 6% sales tax look enticing. As well, there is the issue of selling the boat, as in "Not for sale to US residents whilst in US waters". However, there could be some liability protection in an offshore company owning the vessel. Additionally, there might be particular ports visited where not screaimng American could be beneficial.
Judy
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