The purchase of a motorboat or yacht is one of life’s greatest pleasures but can often be a financial disaster if one hasn’t been advised properly: Budget Company Formations ‘mother’ Company, SCF Legal & Corporate Management Services Limited, has registered vessels for over a decade both with and without the use of offshore companies and can advise on establishing charter companies, mitigating VAT payments and generally all fiscal matters relating to the purchase or lease of larger luxury motorboats and yachts and associated businesses thereto – For further information please contact us with full particulars on your existing or intended vessel together with information on whether there will be business aspects to the purchase.

Basic information required will include:

• Name of vessel if already registered plus existing registry details
• A faxed/scanned Build Certificate
• Length, breath plus vessel description
• Insurance details
• Tonnage – Important for larger vessels
• Whether crewed or not and if yes, the intended nationality of the crew
• Operational waters – Will the vessel be used in or outside of the EU
• Whether the vessel will be used for commercial charter purposes