For USCG vessel documentation, verifying an applicant’s social security establishes citizenship. For documentation purposes, corporations, partnerships, and other entities capable of holding legal title may be deemed citizens in addition to individuals for the purposes of vessel documentation.
According to the Code of Federal Regulations, a corporation can meet citizenship requirements for a recreational or registry endorsement if it is incorporated under the laws of the United States or of a State; its chief executive officer, by whatever title, is a citizen; its chairman of the board of directors is a citizen and no more of its directors are non-citizens than a minority of the number necessary to constitute a quorum.
For a fishery and coastwise endorsement, a corporation must meet all of the above requirements and at least 75% of the stock interest in the corporation is owned by citizens.
In terms of an association or joint venture, they meet citizenship requirements if each member is a citizen.
For a trust to meet citizenship requirements and obtain a registry or recreational endorsement, each trustee must be a citizen and each beneficiary with an enforceable interest in the trust must be a citizen.
To obtain a fishery or coastwise endorsement, a trust must meet the above requirements and at least 75% of the equity interest in the trust must be owned by citizens.
For a partnership to meet citizenship requirements, all of its general partners must be citizens and, for obtaining a registry or recreational endorsement, at least 50% of the equity interested in the partnership must be owned by citizens. For a fishery endorsement, at least 75% of the equity interest in the partnership must be owned by citizens.
For further queries about establishing citizen email info@maritimedocumentation.us