Apologies if this was already answered before; I’ve read quite a few of threads and haven’t found a proper answer.
We’re building a boat
outside of EU, and are expected to take delivery
in a couple months. I’m a EU citizen, fiancé is US citizen. The plan is to leave EU within a few months for ARC
, and do a circumnavigation
over the next few years. After that, the boat
will likely be in the US or Caribbean
So - we’re really not planning to import
the vessel in the EU and paying VAT for those few months seems nonsensical. We’re OK to pay the US import
tax (AFAIK capped to $18000 in some states) and fly the US flag. Someone once told me we’d need to do it as soon as we step into US waters.
Now, it’s pretty unclear if:
1. The vessel can be under my name as EU citizen, delivered in Croatia
but not imported (i.e. not hit by VAT)
2. If above doesn’t work
, can the boat be in her name (US), take delivery
and not get hit by VAT on customs
We’re pretty confused and still researching if flying US or something like Cayman Islands
flag would be a better choice. If you have any good attorney contacts, or anyone who knows how to deal with this situation - that’d be highly appreciated.