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 yachts under commercial registration through use as own and third party charter
We offer complete legal, tax and administrative support together with our partner team in Thessaloniki.