Many yachts desire to be commercially registered. This is to minimise their tax obligations and to generate revenue from this important asset, either to create wealth, or to subsidise operating costs.
Tuvalu have three types of yacht registration, being Private, Commercial Yacht, and Dual Registered Yacht. The Dual Registered Yachts have two sets of documents and can change their status easily according to their operational demands, location, cruising grounds etc. but they have to comply with the stricter safety standards applied to commercial yachts. Please contact us to discuss which type of registration would be best for your circumstances.
Obviously, more statutory conditions apply to Commercial Yachts, including MARPOL, Safe Manning, Load Line, ISM, ISPS, MLC, and Blue Ensign can assist with all of these.