Go Back   Cruiser Log World Cruising & Sailing Forums > Regional Cruising > The Med, Atlantic & Caribbean > Regional Discussions
Cruiser Wiki Click Here to Login

Join Cruiser Log Today

Thread Tools Search this Thread Display Modes
Old 11-04-2014, 01:46 PM   #1
Join Date: Nov 2014
Home Port: Perth
Posts: 1
Default Another Boat Registration and Tax Question (for the Med)

Hi, I hope someone can he me here....
My partner and I are thinking of buying and living on a boat in the Med, probably second hand and in the 150k euro range. Currently we are "perpetual travelers". We are not tax residents of any country as our income is sourced globally (online business), we have no ties with any country and we travel constantly. We both have EU passports and I also have dual citizenship with New Zealand. My questions are
- is it possible to buy a boat and have it registered without an address (we don't have one, of course)
- are there any advantages, tax or otherwise, for us in our situation
- if we buy a boat already registered in the EU is there any advantage in re registering it somewhere else and if so where.
Any advice (or advice on where to get advice!) would be appreciated.

Movinon is offline   Reply With Quote
Old 11-05-2014, 09:04 AM   #2
haiqu's Avatar
Join Date: May 2011
Home Port: Bundarra, NSW
Vessel Name: None
Posts: 1,556

A properly set up PT has an address in a tax-free nation. Mail redirection normally handles the official paperwork. Refer to "three flag theory" and "five flag theory".

There would seem to be no advantages over the situation you are already in i.e. you're already paying no (or very little) tax. The obvious disadvantage is that it's very difficult to run an online business from a yacht in which internet access is poor and random at best. It is, however, a pretty good lifestyle. :-)

Registering in Panama is the usual avenue for large ships, due to simplicity of their regulations. This is termed a "flag of convenience" and there is no minimum tonnage requirement. You can also have dual registration with an EU nation. Normally only done if the vessel itself is the source of income (charter, freight, etc)

Interesting lifestyle choice actually, although I would have thought international banking fees and GST would reduce the fun somewhat.
"The cure for anything is salt water... sweat, tears, or the sea" -- Isak Dinesen

I've Contributed to the Cruisers Wiki: All sections
haiqu is offline   Reply With Quote

boat, med

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Boat Registration And Tax Question AndrewH Regional Discussions 7 07-15-2014 12:59 PM
Another reason to Skip the Med Trim50 The Med, Atlantic & Caribbean 1 01-05-2014 07:00 PM
Sales/property Tax Question cengel The Tavern | Welcome Aboard 2 08-16-2011 09:30 PM
Yet Another Visa Question atavist General Cruising Forum 19 01-28-2010 12:58 AM
Venezuela - New Boat Tax. Lighthouse Regional Discussions 1 09-22-2009 06:24 PM

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

RV & Travel Trailer Communities

Our RV & Travel Trailer sites encompasses virtually all types of Recreational Vehicles, from brand-specific to general RV communities.

» More about our RV Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

All times are GMT. The time now is 08:23 PM.

Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2023, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0