Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 15-06-2020, 08:58   #1
Registered User

Join Date: Feb 2020
Location: Phuket
Boat: Having a Stealth X 51 built
Posts: 163
which country to register in?

Sorry if this is dealt with elsewhere, I searched but didn't find, If someone could point me at an existing thread?? 👍.

Otherwise: we are European, will be having a boat built in Thailand and plan to start cruising from there. We have zero intention of sailing the boat back to Europe and have no patriotic need to sail under a particular flag. We expect to be tropics cruisers and over the next decade or so will probably circumnavigate, but we have no set plans, we'll see where we end up going.

Are there any benefits and/or constraints to registering under one flag as opposed to another? If so could someone summarise? The only thing I'm aware of are the different rates of insurance tax in different countries but there must be other reasons... maybe not! Also if anyone knows of a good source of info about this topic I'd appreciate a link.

Thanks in advance!
markiobe is offline   Reply With Quote
Old 15-06-2020, 16:54   #2
Registered User

Join Date: Nov 2019
Posts: 1,642
Re: which country to register in?

Quote:
Originally Posted by markiobe View Post
Sorry if this is dealt with elsewhere, I searched but didn't find, If someone could point me at an existing thread?? 👍.

Otherwise: we are European, will be having a boat built in Thailand and plan to start cruising from there. We have zero intention of sailing the boat back to Europe and have no patriotic need to sail under a particular flag. We expect to be tropics cruisers and over the next decade or so will probably circumnavigate, but we have no set plans, we'll see where we end up going.

Are there any benefits and/or constraints to registering under one flag as opposed to another? If so could someone summarise? The only thing I'm aware of are the different rates of insurance tax in different countries but there must be other reasons... maybe not! Also if anyone knows of a good source of info about this topic I'd appreciate a link.

Thanks in advance!
Traditionally the British flag was the best choice

With Brexit this is no longer true

Will you pay VAT

If so Malta could be of interest
slug is offline   Reply With Quote
Old 15-06-2020, 17:47   #3
Registered User

Join Date: May 2020
Location: Indonesia
Boat: Seawind 1260
Posts: 213
Re: which country to register in?

I’m going through the same process. Take a look at The Cook Islands.
Alistair242 is offline   Reply With Quote
Old 16-06-2020, 02:23   #4
Registered User

Join Date: Feb 2020
Location: Phuket
Boat: Having a Stealth X 51 built
Posts: 163
Re: which country to register in?

Quote:
Originally Posted by Alistair242 View Post
I’m going through the same process. Take a look at The Cook Islands.
Thanks, will do. It might be useful to compare notes, maybe offline if we’re both doing the same investigation?
markiobe is offline   Reply With Quote
Old 16-06-2020, 02:24   #5
Registered User

Join Date: Feb 2020
Location: Phuket
Boat: Having a Stealth X 51 built
Posts: 163
Re: which country to register in?

Quote:
Originally Posted by slug View Post
Traditionally the British flag was the best choice

With Brexit this is no longer true

Will you pay VAT

If so Malta could be of interest
We won’t be paying VAT on the build in Thailand and, with my limited understanding, I don’t think we’ll pay VAT anywhere as we have no plans to import to anywhere (my understanding could be wrong about how this works though...).

Why do you say that the GB flag was traditionally the best choice? And what do you think makes this no longer true with brexit?
markiobe is offline   Reply With Quote
Old 16-06-2020, 08:13   #6
Registered User
 
taxwizz's Avatar

Join Date: May 2013
Location: Toronto
Boat: Small yellow rubber ducky
Posts: 705
Re: which country to register in?

Are you considered to import the boat to the flagged country?
Would there be VAT at that point?
Just wondering.
taxwizz is offline   Reply With Quote
Old 16-06-2020, 08:16   #7
Registered User

Join Date: Nov 2019
Posts: 1,642
Re: which country to register in?

Quote:
Originally Posted by markiobe View Post
We wonít be paying VAT on the build in Thailand and, with my limited understanding, I donít think weíll pay VAT anywhere as we have no plans to import to anywhere (my understanding could be wrong about how this works though...).

Why do you say that the GB flag was traditionally the best choice? And what do you think makes this no longer true with brexit?
A non resident can fly the GB flag

The GB flag is on the IMO white list

The GB flag is not expensive

The GB flag gave you access to the European Union
slug is offline   Reply With Quote
Old 16-06-2020, 08:22   #8
Registered User

Join Date: Feb 2020
Location: Phuket
Boat: Having a Stealth X 51 built
Posts: 163
Re: which country to register in?

Quote:
Originally Posted by taxwizz View Post
Are you considered to import the boat to the flagged country?
Would there be VAT at that point?
Just wondering.
We have no plans to import the boat to any country but in my understanding if you do then you pay VAT on it. No idea as to how they would calculate how much though as presumably the boat will be worth less than what you paid for it so...
markiobe is offline   Reply With Quote
Old 16-06-2020, 08:25   #9
Registered User
 
taxwizz's Avatar

Join Date: May 2013
Location: Toronto
Boat: Small yellow rubber ducky
Posts: 705
Re: which country to register in?

They might consider the boat worth more than you paid, as you had it built in a very low wage country.
taxwizz is offline   Reply With Quote
Old 16-06-2020, 08:30   #10
Registered User

Join Date: Feb 2020
Location: Phuket
Boat: Having a Stealth X 51 built
Posts: 163
Re: which country to register in?

Quote:
Originally Posted by slug View Post
A non resident can fly the GB flag

The GB flag is on the IMO white list

The GB flag is not expensive

The GB flag gave you access to the European Union
But that's also true of lots of other places too as far as I understand...?
markiobe is offline   Reply With Quote
Old 16-06-2020, 08:30   #11
Registered User

Join Date: Feb 2020
Location: Phuket
Boat: Having a Stealth X 51 built
Posts: 163
Re: which country to register in?

Quote:
Originally Posted by taxwizz View Post
They might consider the boat worth more than you paid, as you had it built in a very low wage country.
Maybe, but won't be a problem for us as we're not importing it anywhere
markiobe is offline   Reply With Quote
Old 16-06-2020, 08:32   #12
Registered User
 
taxwizz's Avatar

Join Date: May 2013
Location: Toronto
Boat: Small yellow rubber ducky
Posts: 705
Re: which country to register in?

Are you considered to import the boat to the flagged country?
Would that give rise to VAT?
taxwizz is offline   Reply With Quote
Old 16-06-2020, 08:33   #13
Registered User
 
blubaju's Avatar

Join Date: Mar 2008
Location: where my little boat is ;-) now Philippines
Boat: Catamaran Schionning Wilderness 1320, built myself
Posts: 475
Re: which country to register in?

You didn't mention your country, my yacht was built in Philippines, registered in Austria. No survey, no tax (property), no VAT as long as you don't enter EU waters, registration fee next to nothing, even exemption from CE, but take care about your engines, you might need to provide their EU-compatible pollution certificate I was asked for; no big political enemies in this world. But you must be resident.
blubaju is offline   Reply With Quote
Old 16-06-2020, 08:41   #14
Registered User

Join Date: Aug 2016
Location: ABC's
Boat: Prout Snowgoose 35
Posts: 1,756
Re: which country to register in?

The British is one of the cheapest around.

I fail to see what it has to do with insurance tax unless you choose to get insurance from the same country that the boat is flagged in.

You cannot get a British registration unless you have an address in the country. Of course that is easy to get around.

Someone mentioned Cook Islands. The registration is $800 for a 12m to 24m boat. I'm not sure what benefit there is in paying that.

Better to just choose the cheapest respectable country whos laws you like.

Since you have no interest in visiting the UK or the EU, VAT is of no consequence.
mikedefieslife is offline   Reply With Quote
Old 16-06-2020, 08:45   #15
Registered User

Join Date: Feb 2020
Location: Phuket
Boat: Having a Stealth X 51 built
Posts: 163
Re: which country to register in?

Quote:
Originally Posted by taxwizz View Post
Are you considered to import the boat to the flagged country?
Would that give rise to VAT?
we're not planning to import the boat to ANY country!!
markiobe is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
De-register USCG boat & register in NZ (whilst living in BVI) NZ1737 Monohull Sailboats 5 08-03-2013 03:55
How do You Register a Boat if You are Country-less ? SaucySailoress Rules of the Road, Regulations & Red Tape 30 14-08-2012 18:29
How Do Country-less Sailors Register Their Yachts? SaucySailoress Rules of the Road, Regulations & Red Tape 0 14-07-2012 10:08
Buy US Boat, De-Register, Register in Own Country - How Long Can it Stay in America? nickj Rules of the Road, Regulations & Red Tape 8 03-02-2010 04:14
What Papers Are Needed When Sailing from Country to Country? Cavecreature Rules of the Road, Regulations & Red Tape 17 04-10-2009 13:39

Advertise Here


All times are GMT -7. The time now is 00:53.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.