yachting

Yachting

The Yachting practice advises shipowners, investors, management companies, charterers and family offices on the legal and regulatory aspects of yacht ownership and operation in Greece. The firm supports clients on acquisition, structuring, registration, financing and chartering arrangements, as well as in dispute resolution. Particular emphasis is placed on the licensing of commercial yachts, the establishment and operation of Maritime Companies for Pleasure Yachts (NEPA), and the tax and VAT treatment of ownership and charter structures. Combining tax and corporate expertise, the team assists clients in navigating a technically demanding regulatory environment and ensures efficient and compliant operations

Indicatively, the activity of Kelemenis & Co. includes:

Registration and registration of vessels

  • Private and professional yacht listing
  • Flagging and registration in Greece or abroad
  • Management of registers and operating regimes

 Financing and collateral

  • Vessel acquisition financing structure
  • Registration of mortgages and other encumbrances
  • Contracts with financial institutions and lenders

Customs and tax issues

  • Import and export of vessels
  • VAT on yachts and charters
  • Customs procedures and temporary importation procedures
  • Tax planning ownership structures

Construction and technical support contracts

  • Shipbuilding contracts
  • Repair, refit and maintenance contracts
  • Management of technical disputes and claims

Operating contracts and transactions

  • Vessel purchase and sale contracts
  • Charter agreements and lease agreements
  • Yacht management agreements
  • Broker agreements and mediation

Corporate structures and investment schemes

  • Establishment of Boat Ownership and Management Companies (SPVs)
  • Compliance with transparency and beneficial ownership regulations

Regulatory framework and functioning

  • Compliance with Greek and international maritime law
  • Licenses for professional boats and conditions of operation

Crews and labor issues

  • Contracts of engagement and employment of crews
  • Salary and insurance issues
  • International Regulations (MLCs)

Disputes and dispute resolution

  • Disputes arising from charters, purchases and sales and management
  • Claims from construction or technical issues
  • Judicial and arbitration dispute resolution

Representative Clients

M/Y Insignia, M/Y Vera, M/Y Cyrus One, The Yacht Week, high-net-worth individuals, yacht and vessel management companies, charter companies.