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A couple of points, everything David says is correct. But if you are keeping the boat in the EU under a US flag she will have to leave I think it is once a year, check the thread on the couple fighting Spanish authorities right now. Also you do have to renew US documentation every year. The UK is very very relaxed about boat registration, but the rest of the EU is not. Even if you had paid VAT as a non EU vessel you will have to clear in at every port, the only vessels that do not are the national vessels of that country, even EU vessels need to clear in and out, at leaast by notifying to local Guarda. Also remember that if you document the vessel as a UK vessel and then show a US passport, you will likely bring down the wrath of confused authority upon you, something you DO NOT want to have happen in France, Spain or Italy
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