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import of yachts
| Madeira is the ideal jurisdiction in the European Union to import yachts and register them for open business purposes due to its geographical location and the fact that it possesses the EU’s lowest VAT rate (just 15%).
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This structure is particularly used in regard to yachts purchased in the Caribbean, for use in the Mediterranean. It is possible to import a yacht and pay VAT during a stay of no greater than 3 days in Madeira, given that customs authorities are perfectly familiar with the process.
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