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Advantages Yacht registration in Greece? Registering a Boat in Greece

Greece is a country that attracts many yachtsmen every year. With its crystal clear waters, picturesque islands and rich cultural heritage, Greece is a top destination for yacht owners. If you are planning to buy a yacht or already own one, you might consider registering your boat in Greece. In this article, we are going to look at the advantages of registering a yacht in Greece and why it can be an attractive option for yacht owners.

What is a yacht registration in Greece?

Yacht registration in Greece is a process that allows yacht owners to register their boat with the Greek authorities. This means that the boat is recognized as being under the Greek flag and is subject to Greek maritime laws and regulations. Registering a yacht in Greece is a popular option for yacht owners wishing to sail Greek waters or planning to spend time in Greece.

The advantages of registering a yacht in Greece

1. Advantageous taxation

One of the main advantages of registering a yacht in Greece is the advantageous taxation. Owners of yachts registered in Greece benefit from a favorable tax regime, with low tax rates and tax exemptions for yachts over 7 meters in length. In addition, owners of yachts registered in Greece can benefit from reduced VAT from 24% to 9% for maintenance and repair services of their boat.

Registering a yacht in Greece also offers great freedom of navigation. Yachts registered in Greece can sail in Greek waters without restriction, which means yacht owners can explore the Greek islands and coasts with complete freedom. Furthermore, yachts registered in Greece can sail in international waters without restriction, which offers great flexibility for yacht owners wishing to sail in other countries in the region.

3. Legal certainty

Registering a yacht in Greece also offers legal certainty. Yachts registered in Greece are subject to Greek maritime laws and regulations, which means that yacht owners can be sure that their boat is in compliance with current Greek safety and navigation standards. Also, registering a yacht in Greece provides legal protection in case of litigation or conflict with other parties, as the boat is registered with the Greek authorities.

4. Ease of registration

Registering a yacht in Greece is also a relatively simple and quick process. Yacht owners can register their boat in Greece in a few simple steps, including providing documents such as Certificate of Ownership, Certificate of Conformity and Certificate of Seaworthiness. Also, yacht owners can benefit from the help of professionals to facilitate the registration process.

How to register a yacht in Greece?

The process of registering a yacht in Greece is relatively simple and can be completed in a few simple steps. Here are the steps to follow to register a yacht in Greece:

Obtain a certificate of ownership for the boat
Obtain a certificate of conformity for the boat
Obtain a certificate of seaworthiness for the boat
Fill out an application for registration with the Greek authorities
Pay registration fees

It is recommended to hire a professional to facilitate the registration process and ensure that all steps are followed correctly.

Conclusion

Registering a yacht in Greece offers many advantages to yacht owners. Tax advantages, freedom of navigation, legal certainty and ease of registration are all reasons why registering a yacht in Greece can be an attractive option for yacht owners. If you are considering buying a yacht or already own one, registration in Greece may be an option to consider.