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Old 01-09-2021, 03:03   #1
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EU sale contract have to be used in EU waters?

US flagged VAT paid boat in EU waters.

Buyer is non EU resident. boat to be flagged AUS.

Does the sale/purchase contract need to be of EU origin?

Can a contract from AUS or USA be used, in EU waters?

Thanks in advance.
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Old 01-09-2021, 03:18   #2
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Re: EU sale contract have to be used in EU waters?

You need to make sure the contract is accepted by the new registrar, maybe by the old one too to deregister.

The EU only cares whether you can prove the VAT has been paid by someone to an EU country, not how you got the boat.

This applies, because you're private citizens. Things could be more complicated if a company was selling you the boat.
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Old 01-09-2021, 03:38   #3
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Re: EU sale contract have to be used in EU waters?

Quote:
Originally Posted by Joh.Ghurt View Post
You need to make sure the contract is accepted by the new registrar, maybe by the old one too to deregister.

The EU only cares whether you can prove the VAT has been paid by someone to an EU country, not how you got the boat.

This applies, because you're private citizens. Things could be more complicated if a company was selling you the boat.
OK thanks, makes sense.

New registrar will be AUS, old or de-registrar is US. Sounds like the contract could be either US or AUS, I'm familiar with both. This suits me much more than using EU contract and EU Notary/Doc agent.

Buyer and seller are both private citizens, so transaction should be ok.
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Old 01-09-2021, 04:25   #4
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Re: EU sale contract have to be used in EU waters?

Will the broker and seller accept to use any contract? I would not.
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Old 01-09-2021, 13:12   #5
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Re: EU sale contract have to be used in EU waters?

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Will the broker and seller accept to use any contract? I would not.
Note: Private Sale.
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Old 01-09-2021, 13:16   #6
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Re: EU sale contract have to be used in EU waters?

I'm a bit confused - how can a U.S. flagged boat have paid EU VAT?
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Old 01-09-2021, 13:50   #7
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Re: EU sale contract have to be used in EU waters?

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I'm a bit confused - how can a U.S. flagged boat have paid EU VAT?
Owner of boat is EU tax resident.
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Old 01-09-2021, 14:18   #8
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Quote:
Originally Posted by Zanshin View Post
I'm a bit confused - how can a U.S. flagged boat have paid EU VAT?
Likely one of the many in the Med owned under a Delaware LLC.. popular dodge to avoid onerous National regs and taxes.
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Old 01-09-2021, 14:27   #9
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Re: EU sale contract have to be used in EU waters?

Those who wish to remain longer in any one EU country must deposit the ship’s papers with the local customs office, who will put the vessel under bond. The clock will then be stopped until the owner returns on board. During the period the vessel is in bond, the boat must not move from its berth, and the owner or crew are not allowed to sleep on board.
-Non-EU boats remaining inside the EU for over the permitted period must be imported and VAT paid on the value of the boat.
-Departure from a EU port to another EU port: no formalities required. Arrival in a EU port directly from another EU port: no formalities for EU vessels and EU citizens. Immigration must be contacted if there are non-EU citizens aboard. Customs must be notified if there is anything to declare, such as firearms.

Departure from a EU port to a non-EU port: customs and immigration must be notified. Arrival in a EU port from a non-EU port: Q flag must be flown when entering 12-mile limit. Customs and immigration must be contacted on arrival.

Yachts must carry their original registration document, insurance policy and ship’s radio license. One member of the crew must have a radio operator’s certificate of competence. For EU boats, proof of VAT status is also required. It is also very useful to have a typed sheet containing the name of the boat, port of registry, and the crew list.
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