As regards the sailing of yachts in EU waters, Cyprus offers an advantageous VAT leasing set-up with the possibility of mitigation on the VAT payable on yachts sailed in EU waters to 3.4% as opposed to the 17% rate of VAT applicable in Cyprus generally. The variation is by reference to length and type of yacht.
Our Maritime lawyers and tax advisors will plan and implement your Cyprus VAT yacht leasing set-up thoroughly, including tax advice, Cyprus company incorporation, company secretarial services, back office administration services, tax compliance, accounting and auditing services to companies incorporated for foreign beneficiary clients. Our team will also take care of the Cyprus yacht registration, its importation into the EU, preparation of all documents necessary for the Cyprus VAT yacht leasing set-up and finally the termination of the Cyprus VAT yacht leasing set-up when due.
Relying on our vast experience in setting up Cyprus VAT yacht leasing set-ups, our team is able to provide tailor-made advice taking into consideration they size and propulsion of the yacht in questions, its sailing history, its value and status. This for the purpose of providing an optimal solution to our clients and implementing the Cyprus VAT yacht leasing set-up in the best manner possible.
As regards the sailing of yachts in EU waters, Cyprus offers an advantageous VAT leasing set-up with the possibility of mitigation on the VAT payable on yachts sailed in EU waters to 3.4% as opposed to the 17% rate of VAT applicable in Cyprus generally. The variation is by reference to length and type of yacht.
Our Maritime lawyers and tax advisors will plan and implement your Cyprus VAT yacht leasing set-up thoroughly, including tax advice, Cyprus company incorporation, company secretarial services, back office administration services, tax compliance, accounting and auditing services to companies incorporated for foreign beneficiary clients. Our team will also take care of the Cyprus yacht registration, its importation into the EU, preparation of all documents necessary for the Cyprus VAT yacht leasing set-up and finally the termination of the Cyprus VAT yacht leasing set-up when due.
Relying on our vast experience in setting up Cyprus VAT yacht leasing set-ups, our team is able to provide tailor-made advice taking into consideration they size and propulsion of the yacht in questions, its sailing history, its value and status. This for the purpose of providing an optimal solution to our clients and implementing the Cyprus VAT yacht leasing set-up in the best manner possible.