To start with, it's important to remember that a lot of jurisdictions that offer low upfront costs, usually have high associated costs or add-on costs that are not articulated straight off.
For example, jurisdiction "A" offers yacht registration for $325, which seems like a great deal. However, jurisdiction "A" also requires a survey for the yacht to be registered. The survey can only be done by a select group of service providers and can cost anywhere from $4,000 - $6,000. Suddenly, it doesn't seem as reasonably priced anymore!
The Marshall Islands flag, on the other hand, offers all costs upfront and registration is a relatively pain-free process. Also, the Marshall Islands registry is more than 40 years old and has a tremendous amount of experience in the yachting registration arena. Additionally, the Marshall Islands remains on the white list for Paris MoU - which is a great indicator of the legitimacy of the product. There is no requirement to bring the vessel to The Marshall Islands either.
Flagging your yacht in the Marshall Islands isn't the cheapest option, but you get what you pay for, and what it does offer you is upfront costs and a process that very often does not require that a survey be done for recreational registration. Of course, when you use a professional service provider, such as CT Corporation, this process becomes simple and streamlined. We take care of all the heavy lifting.