The Advantages of Registering a Yacht in Gibraltar
Gibraltar’s Favourable Tax Regime means
- No VAT on new boat purchases
- No tax on the sale of your boat
- No Import Duty on boats over 18m (more info here)
- Goods delivered to yachts in transit VAT free
Plus the cheapest Fuel in Europe!
Situated at the gateway between the Mediterranean Sea and the Atlantic Ocean Gibraltar has always been recognised as a vitally strategic location.
Easy access to great local sailing along the Spanish and Portuguese coasts or the exotic beaches of North Africa.
Political and Economic Status
Cat 1 Red Ensign Status – All vessels registered in Gibraltar are registered as British vessels with documentation being identical to the UK requirements. All Gibraltar based vessels fly the Red Ensign giving you international recognition, prestige and the protection afforded by a British Flag. Gibraltar’s legal system and currency (the pound) will be familar to UK residents.
Ease of Ownership in Gibraltar
No restrictions on size or tonnage of private pleasure yachts for registration in Gibraltar – unlike some UK ports
Fast simple registration process – can sometimes be completed within a day for private pleasure yachts under 24m
No annual survey required for Gibraltar yachts
Confidentiality of ownership if registered through a company structure. If owned by a Gibraltar company then you can also avoid Estate Duties or Inheritance Taxes. For full details of yacht registration in Gibraltar click here