Hi. We are Dutch inhabitants, living in the Netherlands. We are building a 53ft sailingyacht by a Dutch yachtbuilder. Our purpose is to go living onboard and sailing all over the world.
1: Is it possible to registrate this yacht in the Channel Islands or elsewhere in the world.
2: Is it legal that the Dutch yachtbuilder can sell to us -or to our company- this yacht without paying VAT in the Netherlands or elsewhere in the EC. ( an VAT-0 option)
3: Is it necessary to start a company out there and how do we do this
4: Do you have experience with people who make arrangements for this
5: What is necessary to do so
6: What are the costs
Jaap en Renee from the Netherlands
Hi Jaap: You will find a discussion of “flags of convenience” in Offshore Cruising Encyclopedia. As to your specific questions, Holland, VAT, etc. it is probably best to check with a tax advisor familiar with your regulations. There are many companies that handle arrangements for flags of convenience. Often you are required to have a corporation, but some jurisdictions now allow individuals to hold title to the boat–I think this is the case now in the Virgin Islands. Regards–Steve Dashew