Yacht owners who are planning to operate their vessels in the EU must ensure they have the appropriate European VAT arrangements in place.
This is a complex process as there are many factors to consider, including yacht size and value, current VAT status, ownership structure, private or commercial use class, planned cruising area, yacht location, the residency/nationality of beneficial owner etc.
In collaboration with legal and tax specialists and working alongside your existing yacht broker or financial team, Praxis can provide the necessary arrangements to help you navigate your VAT obligations.
We can offer support with the following VAT management solutions:
Praxis provides bespoke yacht ownership structures to owners of vessels of all sizes, providing considerable advantages and peace of mind.
