wrote, the main reason for Italians to fly another country's flag is that the rules imposed are far more stringent and consequently expensive as compared to other countries. In the bast majority of cases, there are no tax benefits .
For example, for my Italian registered yacht, I have to spend about €700 euro every 2 years to do an inspection
check of the 8 pax ocean lifecraft, simply because Italy
has amended the ISO 9650 norm and created a local version of it and therefore I cannot use a standard 9650 lifecraft. This is just an example of many other aggravations we are subjected to.