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ARTICLE · 21 MARCH 2025

I Bought A Superyacht. What's Next?

AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
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AGPLAW | A.G. Paphitis & Co. LLC

AGPLAW | A.G. Paphitis & Co. LLC

Established in 2006, AGPLAW is a full-service, award-winning and committed to excellence law firm...

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The fascination of owning a superyacht is undeniable; luxury, freedom, and prestige. However, the legal intricacies that accompany this acquisition are often overlooked in the excitement.

European UnionTax

The fascination of owning a superyacht is undeniable; luxury, freedom, and prestige. However, the legal intricacies that accompany this acquisition are often overlooked in the excitement. Ensuring compliance with international laws, choosing the right jurisdiction, structuring ownership efficiently, and looking through taxation complexities are all crucial aspects that determine how smooth or turbulent your voyage will be. At AGPLAW, we specialize in ensuring that yacht ownership is not only an enjoyable experience but also legally secure and strategically structured.

Jurisdiction and Flag Selection. More Than Just a Flag

One of the first and most critical legal decisions is selecting the flag under which the yacht will be registered. This is not merely a matter of aesthetics or national pride; it has profound implications for taxation, liability, and regulatory oversight. The flag state determines the vessel's legal framework, including safety regulations,

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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