+ Reply to Thread
Results 1 to 10 of 20
04-10-2012, 01:17 PM #1
Help with registration of a new yacht
So, my uncle is just finishing building a new yacht in like 10 days, and wanted to register it. Since taxes in Europe are very high and I've been told that if you do register it in the Cayman Islands, there's virtually zero tax to be paid, can anyone of you yacht owners help a fellow 4 member or just point me to the right direction? Thanks in advance!2000 BMW M5 Avus Blue
04-10-2012, 05:11 PM #2
Dutch registration or cayman islands registration will be the cheapest. I dont think its 0 sales tax, but definitely quite a bit less. This won't work if hes keeping the boat inland, only if its a flag-flying yacht.
04-10-2012, 05:40 PM #3
04-10-2012, 05:57 PM #4Don't argue with idiots...they will just bring you down to their level then beat you with experience!
04-10-2012, 06:32 PM #52000 BMW M5 Avus Blue
04-10-2012, 08:51 PM #6Junior Member
- Join Date
- Feb 2010
- Split, Croatia
if you need anything in Croatia for yacht be free to contact me. I worked for charter agency for luxury yachts.
04-11-2012, 07:02 PM #7
04-11-2012, 07:33 PM #8
Well, your uncles new boat is almost 100 feet long and boats that size in America typically cost over $7 mil new. I would imagine that he has a good grasp on handling the registration of the boat given what you have told us, people don't blindly or unknowingly going into purchases of that magnitude without during their homework.------
The only place where success comes before work is in the dictionary
08' X5 4.8i
04-11-2012, 07:42 PM #9Thomas... not TJ
"There is no such thing as a stupid question, only stupid answers"
Tell your mom thanks for crapping in the gene pool.
"New Member Welcome Committee Chair"
04-11-2012, 08:03 PM #10
If he's serious, contact me via PM and I'll give you the contact info for our agent in the Cook Islands.
Georgetown C.I. is also very popular, but again, there are a long list of questions and conditions to be asked before you head down that path.
Who will underwrite the P&I on the boat? As that will vary on where you'll want to register your boat, and what cruising grounds you'll spend you time in flying courtesy flags on visas. It's best that your Father consult with a maritime attorney, rather than an internet forum.