We are researching how to set up a
legal owner operated business (under 6 passengers), RYA
certification with small vessel
commercial endorsement, Cat 0 for
offshore passages and passengers for weekly stays around various
ports.
The boat will never be in US waters for long as we don’t intend to bring it back to the states. The
charter ‘legs’ will follow the sun and we would
live aboard. Considering flagging the
boat Red Ensign so it follows MCA 280 code and is consistent with RYA manning standards. Owners would set up LLC out of US and pay
taxes there with boat as an asset to that business.
Has anyone done anything similar? The tax experts and
legal advisors don’t seem to be familiar with this
concept because it’s not a traditional
charter model. I’ll go broke paying them to try to understand it. Any
advice or resources would be much appreciated!
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