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Registration of the first Commercial Mega Yacht under the Cyprus flag

CATEGORY: IMMIGRATION

Registration of the first Commercial Mega Yacht under the Cyprus flag

Last May, the Department of Merchant Shipping introduced the new type of “Commercial Yacht” which applies to large yachts not used for private pleasure.

Our law firm undertook, handled and completed the registration of the first Commercial Yacht in Cyprus.

The subject yacht was built according to the LY3 regulations and she is designed to perform international voyages and to carry up to 12 passengers

 

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