Should I register my yacht ”privately” or ”commercially”?

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    • December 21, 2020 at 5:45 pm
    TheYachtNerd
    Participant
    NL
    Should I register my yacht ”privately” or ”commercially”?
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    • January 12, 2021 at 11:00 am
    Koen Wartena
    Participant
    NL
    There are really so many things to keep in mind when choosing this. Commercial yachts can benefit from interesting advantages but need to comply with stricter rules than private yachts which can not benefit from any VAT exemption.

    Would be good to check the book for more information, it is very well described in chapter 12.

    • January 29, 2021 at 3:17 pm
    chrisstokes
    Participant
    none
    This is very much a case by case basis.

    Core reasons for placing your yacht into charter

    1. Fiscal/Financial & VAT benefits (Please note; Flagging State, Structure Formation, Crew Nationality, Nationality of Owner/Users, Location operated etc… all effect this benefit )
    2. The ability to cover a certain amount of recurring operational/running costs
    3. Crew motivation/retention if the yacht is used sparingly by the owner.

    Hope that helps.

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