Advantages of registering a vessel in the International Shipping Register of Madeira - MARcontinue reading >
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Madeira is much sought after for the registration of commercial yachts i.e. pleasure yachts used for commercial purposes. They are mostly large yachts that are chartered out in the Mediterranean area or in other European Community waters. The International Shipping Register of Madeira is one of the few registers in the European Union that accepts the registration of commercial yachts, with much more flexible requirements than those for commercial ships.continue reading >
Madeira is the ideal jurisdiction in the European Union to import yachts due to its geographical location and the fact that it possesses the EU’s lowest VAT rate (just 15%). This structure is used particularly in regard to yachts purchased outside the EU for personal use in EU waters. Given that customs authorities are perfectly familiar with the process, it is possible to import a yacht and only be taxed 16% VAT, during a stay no longer than 3 days in Madeira.continue reading >
Registering ships or yachts in Madeira brings a number of advantages which make it one of the most competitive registration offices. The European flag, the registration and maintenance fees, the flexibility offered in fiscal terms and access to the most competitive tax system in Europe, are some of the distinguishing elements of registering here.At newmadeira we help you to understand the many fiscal structures for commercial boats and importing of a yacht, as well as, help you through the registration process.
