The yacht, known as the Amadea, was seized by officials in 2022, with the U.S. alleging billionaire Putin ally Suleiman Kerimov is the ultimate beneficial owner.
Apart from what others have said. If they pick a different country to fly their yachts flag, they get a lot less regulations. They can hire people from poor country 1, sail around, and if the yacht needs maintenance in a port on another country then they can just fire everyone and leave them stranded in a different continent.
Vice has a video on it.
https://youtu.be/KjpnObVhKpg?si=okTva9gw2w6mukFa
Apart from what others have said. If they pick a different country to fly their yachts flag, they get a lot less regulations. They can hire people from poor country 1, sail around, and if the yacht needs maintenance in a port on another country then they can just fire everyone and leave them stranded in a different continent.
Having serfs at your beck and call raises eyebrows. So they go to sea where there are no eyebrows.