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Old 14-01-2018, 15:07   #151
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Re: Best country to flag

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Originally Posted by GTom View Post
A new engine and maybe a new set of sails are on the possible list. True, an additional 3-4k€ in marina bills and other complications would completely invalidate the idea. Offshore regs (e.g. Jersey) are also more expensive and the boat has to leave the EU VAT area every 18 months. OTOH, the non-EU VAT status won't disappear after 3 years of absence e.g. in the Caribbean.
If you're looking to get the engine replaced and other things done then it might be worthwhile speaking to a couple of your local boatyards and finding out if they can do work under the TPA scheme.

For example, I know that a number of the marinas and boatyards in Mallorca (a Spanish island) do this as they have a lot of non-EU boats there - I don't know whereabouts in Spain your boat is.


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OTOH, the non-EU VAT status won't disappear after 3 years of absence e.g. in the Caribbean.
To be frank, the VAT paid status is only a concern if you are thinking about where you will be when you get round to selling the boat in the future. If you're going to be selling it in the US or Australia then being VAT paid in the EU is not relevant at all. VAT paid status is only an issue if your buyer is likely to be an EU citizen and they are likely to use it in the EU in the future.

If you are concerned about losing VAT paid status then it is my understanding that the French overseas departments in the Caribbean are part of the EU (Martinique, Guadeloupe and St Martin) and so entering these places would restart the 3 year clock.

Also, if you were to sell your boat and the buyer wanted to retain VAT paid status then it is my understanding that this can be done if the sale takes place in one of the French territories but not otherwise.


(although please do check the bit about the Caribbean with a competent person - I am very definitely not a tax specialist in any way, shape or form)
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Old 14-01-2018, 15:18   #152
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Re: Best country to flag

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If you are concerned about losing VAT paid status then it is my understanding that the French overseas departments in the Caribbean are part of the EU (Martinique, Guadeloupe and St Martin) and so entering these places would restart the 3 year clock.
I see all Caribbean and Pacific islands excluded here, no use... Just as the Faroe's, which I am also considering as a longer station.
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Old 14-01-2018, 17:52   #153
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Re: Best country to flag

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Not to split hairs, but I'm looking for something identifiable and objective.

Easy? Never known USCG to be hard unless one has trouble filling out a form. Rather than easy, feel free to tell me how it's easier.

Cheap - USCG is 133 and 26 to renew (USD). What are the total costs for registering it in Langkawi, seems a lot higher than hthat unless I'm mistaken.

Hassle Free... no idea what they refers to (how is the USCG documentation a hassle vs langkawi)?

That it? I'm genuinely asking the question as I see/hear over and over how great registering Langkawi is... with no substance as to why.
My boat is registered in Langkawi.... After initial registry costs via an agent.... for annual plus radio license factor about $500/yr.

So if cost is your priority the US flagged is cheaper if you can do that.

Langkawi is convenient and popular in SE Asia as it is easy to obtain, maintains owner's privacy and cheap compared to the Caribbean flagging states.
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Old 23-05-2018, 11:34   #154
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Re: Best country to flag

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I am considering to buy a Spanish boat (small, 33' mono). AFAIK the Spanish flag comes with a range of obligations (=$$$, how much, I don't know exactly).

If I flag a non-EU state and I am not EU-resident, can I do the boat-upgrades VAT-free (until I sail to the flag state)?
Got the boat (allright, not that one, but another, in the UK, VAT is paid), and planning to register it. (no immediate pressure, because it'll stay in the UK for a while).

Any argument against a Jersey flag? It seems a fair deal on the long run. If VAT is paid, is there any bureaucratic hurdle when cruising EU waters? Found that in Greece one needs a transit log instead of a DEKPA, but what about others?
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Old 22-07-2018, 10:43   #155
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Re: Best country to flag

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Without knowing where you intend to keep/use the boat no one can really answer the question.
What about if the plan is to live and charter in indonesia Philippines and japan?
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Old 22-07-2018, 13:29   #156
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Re: Best country to flag

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What about if the plan is to live and charter in indonesia Philippines and japan?
If you're talking about Japan then the more important issue is what nationality YOU are.

There are strict rules on working in Japan as yacht crew - or any other job. I would worry more about your own status than that of the yacht.
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Old 23-07-2018, 09:10   #157
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Re: Best country to flag

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Not sure I follow your logic, people foreign flag their vessel for a variety of reasons... back to my question though; what specific benefit is there Langkawi vs USCG for those abroad?
less likely to attract animosity, backlash to US foreign policy issues
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