Tag: SAILING YACHT

Management, Regulation

Rules for flagging yachts with flags and pennants

At sea, a yacht’s flag or pennants are used to communicate, affirm, indicate, and show respect to many different people, groups, and territories. Flags have been an important part of sailing for many years and their proper use is respected all over the world. The general principle of raising the flag and pennants on each yacht is similar. The most important flag should be placed … Continue reading Rules for flagging yachts with flags and pennants

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Management, Regulation

Flag state – why is important for you?

As I wrote in my post , one of the most important decisions we have to make is choosing the flag of the yacht. Remember that the flag you choose will have a direct impact on the use of the yacht. I mean – law, taxes, liability and yacht inspections. It is important for you to realize that a yacht is not just a luxury toy. The purchase of … Continue reading Flag state – why is important for you?

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Taxes

Purchase of a new yacht in another EU country and IAC

In a situation where a natural person purchases a yacht from another natural person from abroad, such an event does not give rise to VAT consequences. The situation is completely different when it is the purchase of a new yacht. Definition of a new means of transport According to Art. 2 point 10 of the Act of March 11, 2004 on tax on goods and services (Journal of … Continue reading Purchase of a new yacht in another EU country and IAC

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Taxes

How to settle expenses for a yacht in a Polish company?

More and more entrepreneurs are planning to buy a yacht, often on lease, to conduct business meetings on it, rent it to entrepreneurs for promotional purposes. They also plan to make it available for private use by the management and shareholders of the company that is also its owner. It sounds interesting …? But is it possible at all and how to account for the expenses? And what about … Continue reading How to settle expenses for a yacht in a Polish company?

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Management

What are the options for registering a yacht in the EU for non-EU citizens?

Let’s assume that you live outside the European Union and do not have a permanent residence permit in one of the EU countries. What options do you have to register a yacht in the EU? Basically there are two options. Remember that the purpose for which the yacht is used and the area of ​​territorial waters in which you want to sail affect the choice of flag. Purpose of using … Continue reading What are the options for registering a yacht in the EU for non-EU citizens?

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