When buying a yacht, the choice of yacht flags – jurisdiction – is one of the most important decisions to make as it has a direct effect on taxes, insurance and legal status.
It is imperative for yacht owners to realize that once a yacht is registered in a particular country all of that country’s laws and regulations apply to your yacht.
A variety of jurisdictions around the world are available – both EU and non-EU; each have their advantages but have to be determined in each case separately.
A key factor is to choose a jurisdiction that is well respected with a good reputation worldwide. Further aspects like whether the yacht is for pleasure or commercial use, vat status of the yacht, the permanent residency of the owner, are also matters to be taken into careful consideration in determining the best option for your yacht.
On a case by case basis we, at Continental Maritime, have a long standing history of expertise and experience in this area to help you make the best choice.
Having hands on experience and history in the yachting industry, we liaise with the most reputable and well renowned insurance companies worldwide.
Our priority are our clients and whats best for your particular yacht in establishing which is the most appropriate insurance company and policy in order to safeguard your yacht in any part of the world.
So you have set your eyes on your dream boat and you need finance?
Our consultants at Infinity Yachting Services have close ties with a number of banks and are able to give our prospective buyers a complete overview of financing opportunities for new and used boats so you can make an educated choice for what is most suitable.
We will guide you through the whole process and give you advice regarding, amongst others, the terms offered by several loan sources to determine the finance plan best suiting your intended purchase.
