Originally Posted by dabasek
I would like to move into Spain and planning to get a motor
yacht and run scuba and deep sea fishing trips around the Canary Islands.
The situation is complicated however
I'm Polish (EU) citizen living in the UK. I'm a scuba instructor and my sailing qualifications come from Poland
. The idea is to import a boat from US into the Canaries and run mentioned activities over there.
-Does anyone know what are the best ways of importing such boats from US into EU and what are the best (cheapest places to register it around EU?).
-Are there any chances to reduce paying VAT and import duties when importing boat into Europe
-Is this boat going to be valued by EU authorities for VAT purposes by actual invoice of what was paid in the US or estimation how much it is worth in the EU?
I understand that if you stay in Spain for more than half a year annually you need to register your boat in Spain and have Spanish licence to sail it (Spanish language is apparently necessary to obtain it). Does anyone know if it's possible to run such activities (scuba and fishing trips) all year around in Spain if the boat is registered somewhere else in the EU? How to do it?
S O S
I am in Canary Islands and immediately adjacent to a couple of mentioned businesses: scuba, fishing, boat charter, etc.. Some of my friends run such businesses here.
It is clear from your post that you have not done much googling prior to asking here. All the info is publicly available, although, as it is in Spain - at times only in Spanish. Hence you can easily guess that being able to read/speak, and at times think, Spanish is one of the key skills you will need to start up a legal
business here. Doing business here is like doing it anywhere except not everybody survives in the specific environment
of fiesta, siesta and 25% on unemployment. Spain is not UK and Canary Islands are not Spain, in many ways.
Foreign flagged ships are allowed to conduct some commercial activities in Spain (e.g. charter). However, for all practical reasons, if you want to run the a/m business (-es) here year round, you may want to have a boat registered here. This will imply having relevant local licenses, permits and following the requirements for business registration/taxation.
Local competition is very strong in the diving and fishing sector but you may find your niche if operating from a less frequented port and catering for a specific group of clients (e.g. the Polish). But these clients are not particularly likely to find Ryanair (generative term) connections to those less frequented ports
. Such matters aside, diving here is very good and done the whole year round, it is not quite as good as in some other places further down the road though. Fishing is good and there are some game
fishing competitions. It takes loads of local knowledge to do it in commercial basis and again, it is not on par with the best places down the road. This much said, both types of activity can be done all year round as we do not suffer from winter storms nor from low water
temperatures. But it is not flat water
here and at times you may be kept in port for a couple of days regardless of the time of the year.
You can import a boat from the US but given the costs of transportation / registration
and of meeting the local requirements for navigation license
, you may consider getting a boat locally or on the continent. The choice is good and the a/m costs and complications are allowed for. I can help you find adequate boat if you know exactly what you want.
You must see the difference between local registration
and having to pay the tax for using the boat here. The tax has to be paid but you are no longer required to flag/register the boat here. However, if she is used for trade
, then you may consider the pros and cons and you may elect to register here.
I hope this addresses some of your doubts.
Like with any business, you must do a lot of reading/studying before devoting to investing your time and money
into an enterprise. Once you read up on the basics and general matters, you can PM me should you have any Canary Islands specific questions that you could not find answered elsewhere.
Good luck in your undertaking,
, Canary Islands