Registration of Ships, Yachts and Aircraft

Article 32

* Registration of Ships, Yachts and Aircraft
o A Company or an individual is allowed to register a ship, a yacht or an aircraft.
o If a registered ship, yacht, or aircraft is commercially employed, a foreign legal entity or an individual are obliged to establish a company in accordance with the provisions of the law.
o If a registered ship, yacht, or aircraft is subject to taxation unless it is commercially employed.
o The ministry of Seamanship and Traffic keeps the registry of ships, yachts, and aircrafts.

* Fees for Ships and Aircrafts
o Registration fee will be required.

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