Buying a St. Martin Flagged Vessel as a US Resident.

[joshrosenthal1]

Please help. I have found a vessel that my wife and I love. it is located in Grenada and flagged St. Martin (France).

We have no idea about the tax implications, and or the flagging differences however I am a US resident and my wife a US citizen. The seller says the vessel was once flagged in the USA.

What are the implications of taking the vessel back to the USA, flagging her back in the USA? Or is it better to keep her flagged in St. Martin? Does that have any other benefits and access to the EU, or tax implications that we might also consider.

This area is a minefield and looking for some guidance.

Cheers