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Changes to the importation procedures of yachts intended to be used for commercial purposes

Yachts imported in the European Union for commercial purposes need to undergo relative VAT and customs procedures to subsequently be imported in the European Union with the release of the relative import documentation and thus bringing the yacht into free circulation.

Owners choosing Malta to import the yacht will need to call at a port in Malta to undergo the relative VAT and customs procedures applicable.

Source: csbgroup.com

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