Since 2019, we have a partner office in Thessaloniki / Greece with which we have developed a number of interesting legal and fiscal design options for the economical operation of a yacht in foreign and own charter business under the current legal and tax conditions in Greece Cyprus.
Who wants to operate a yacht mainly in Greece in the mix of foreign and / or own charter, finds the peculiarity that the authorities currently always require a branch in Greece. So, if the mere VAT design via a Greek VAT ID with invoicing of the local VAT in Greece Charters is not enough, then it can be useful and economical to flag directly in Greece and settle there a shipping company via that the boat is managed and chartered.
CPS-GREECE Yacht CHARTER model as a basis for the acquisition and operation of non VAT-paid yachts under commercial registration for own and third party charter, or
CPS-GREECE Yacht wealth-management model as a basis for the acquisition and operation of VAT-paid yachts for pleasure use under limited liability
We offer complete legal, tax and administrative support together with our partner team in Thessaloniki.