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FIB license foreign liveaboard business, board defines liveaboard vessels as hotels

Foreign Investment Board unanimously approved a permit for operation of a 14-room luxury live-aboard vessel called The Palauan Pearl in Palau by issuing its Foreign Investment Approval Certificate (FIAC) despite the law reserving tour business activities exclusively to Palauans. The business, which is solely owned by Mr. Ming Yung Ha, a citizen of People’s Republic […]