| Commercial registration
Dear all,
Good day to everybody. I currently built a mega yacht which should be commercial, and it is quite a headache. The boat is of course MCA compliant over 500 grt and I would like a first info regarding registration.
The ownership/ management company will be inside European union , and I am thinking of having a Cayman island flag so as to have freedom with crew nationalities. Do we have to pay VAT in that case? Do I have to enter European Union waters for certain period and then sell again outside ? is it preferable to have a European Union Flag such as Malta for example?
Of course I will seek advice for specialists in due time but any first info will be highly appreciated !!
Thank you all
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