Which registry allows for minimal taxes and does not strictly require crew and licenses to be citizens?

The choice of a hybrid registry is correct because it combines aspects of both open and closed registries, allowing for more flexible crew and licensing requirements. Hybrid registries often allow non-citizens to be employed on vessels that are registered under this system, which can lead to reduced operational costs since hiring is not limited to citizens of the registry country. Additionally, these registries may provide favorable tax treatment, making them attractive for shipping companies looking to reduce their financial burdens while maintaining certain operational standards typically seen in closed registries.

In contrast, closed registries typically require that crews and licenses are exclusively from that nation, making them less flexible and often resulting in higher operational costs. Open registries allow for a more diverse crew and generally minimal taxation, but they may lack certain regulatory standards that hybrid registries might enforce, striking a balance between operational efficiency and regulatory oversight. National registries usually impose stricter requirements, including citizenship, for crew and licensure, resulting in higher operational costs. Thus, the hybrid registry stands out as the most beneficial option for those seeking minimal taxes and relaxed crew requirements.