Thank you again for the attention you all show to this post.
I answer hereby to a few of the comments.
“”Let m throw you one more curve ball -- why are you trying so hard to avoid an EU flag? If you are having the boat built in France, then you are paying the VAT anyway on all of the components and on all of the work contracts, unless you are doing something complicated to claim it back or something like that.””
The vessel is under construction using my US “Delaware LLC” company and I have not to pay any VAT on the work and components because the vessel will be “exported” out of the EU waters and own by a non EU company.
This is 100% legal
This was simple so far until I found out there was a difference between “US State registration” and “federal registration”
If I continue to try to find a solution it is because we are talking about over 150.000 euros VAT here, (over 200.000$) one can live a long time on the ocean for that amount….
“”How about Malta ?. Your Cat being between 10 and 20 meters would effectively have a VAT rate of 9%.””
Malta is good for big super-yachts over 10 million of euro of value. The creation of a company there cost a fortune and the 9% VAT is based on a “Leasing” of the vessel, for this the 18% VAT has to be paid in advance and recover back later. The yearly costs are also astronomical. The attorney used needs to make at least 10% of the value of the company, not counting the 9%VAT …. So Useless for me.
Most carabean or Bahamas
“flags” do not offer Radio
licences or call signs nor MMSI numbers. So Also useless for me.
Re “”second citizenship””
This is a useless conversation as I already have two passports…
I have found more info on the US registration
Here the advertising text of a Delaware based “Broker”
I e-mailed and called them and the are affirmative a foreigner can obtain a US “National” / USCG documentation
if the vessel is owned by a US Company. The Nationality of the owner of the company is of no importance as the vessel is owned by the US Company and not the personal name of the owner….
It is very confusing...
Meanwhile, I still try to get as much info possible on the Gibraltar
or Canadian options….
The American Flag : Advantages (application form)
1-The Boat is welcome in all the Harbours of the World
2-Consulate & Ambassade Assistance Worldwide
4-Only US$ 875 as yearly Tax - No VAT-TVA .
5-In case of Resale , simply transfer the shares of your US Company to the new buyer
6-Discretion of ownership
possible , shares at sight possible.
7-Official CALLSIGN and MMSI Maritime Mobile Service
identity arranged for your Boat.
How it works ?
Your boat will be owned 100 % by your USA new established "Yachting Management" company , fully owned by you as Director and shareholder.
Time for the Setup : around 10 days by Registered Mail . Then we register the Boat under the USA Flag .(notarial)
TIME SETUP approx 10 days -
It is not necessary to come with the Boat to the USA
Handling procedure as proposed :
Setup of a specific yacht management Company who will be the Official Owner of the Catamaran
You can act as President. and the shares are fully in your hands.
Registration on an official State Record
, Wilmington being the home base of the Boat.
Emission of the Official Numbers and Registration Card;
Filing for the National Vessel Documentation
Filing at least for the MMS and Call sign in name of the Yacht Management Company
Charges for the USCG filings US$ 380
Fed filings US$ 340