Many yacht owners do not exactly know what they are allowed to do and what they are not. This blog specifically looks at yacht registration in Delaware, the US state. Delaware is an American state on the Atlantic coast in the Northeast and Mid-Atlantic regions of the United States. The state is a popular jurisdiction…
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Many of you are wondering how an offshore bank account works in 2022. This article aims to answer your questions. 1. OFFSHORE BANK ACCOUNT IN 2022: CURRENCIES In which currency can I open an offshore account? By default, a bank account is in euros or dollars. But nothing prevents you from choosing another currency, you…
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A “Nominee” director plays a vital role in offshore company operations and bank accounts. Throughout this article, we will delve into what a nominee director entails, their responsibilities, and their authority. What is a Nominee Director? A nominee director is the individual responsible for officially registering your business and representing it locally in the public…
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1. Absence of VAT : the key benefits of an offshore yacht By buying your boat through an offshore company, you are buying it tax-free. This represents a very strong reduction in the purchase price if we consider, for example, that the VAT amounts to 20% in the UK. You can for instance choose to create…
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There are many reasons to register your boat or yacht in an offshore territory, including the absence of capital gains tax, low registration and management costs, and the absence of VAT when purchasing. If you’re considering how to register a yacht offshore, these advantages make offshore registration an attractive option for many boat owners. But…
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If you are reading this article, it may be because you are interested in offshore subjects. But, do you really know what an offshore bank account is? We explain everything in this article. Offshore bank account – Definition When we talk about offshore, we mean something that is “off the coast”. Thus, in this case,…
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