Gibraltar
Since Gibraltar is an overseas territory of Great Britain, yachts (vessels) registered in the peninsula can fly under the flag of this country. Using various schemes, a yacht (vessel) can be registered by citizens of any country, it can be registered both for an individual and for a company.
When registering for a Gibraltar company, owners have a number of benefits:
-Possibility of registration under the flag of Great Britain or Gibraltar
-Compared to other European countries – liberal tax legislation
-When registering a yacht (vessel), its owner can legally avoid paying VAT
-No import duty upon registration
-No income tax on the sale of a yacht (vessel)
-No property tax
-For renting a yacht (vessel) for charter – no income tax
-If the displacement of the yacht (vessel) is not more than 80 tons, the captain does not need to have any certificate confirming his qualifications
-Privacy for real owners of the yacht (vessel)
-The sale of a yacht (vessel) can be carried out through the sale of company shares
-Home port can be any UK port
-Gibraltar is one of the cheapest marinas in Europe
Vessels of any size and type can be registered in Gibraltar, with the exception of fishing vessels and ships powered by nuclear fuel. Membership in the European Union and a special tax regime make the country attractive to shipowners. A vessel registered in Gibraltar will fly the British flag and enjoy EEC cabotage privileges.