PUBLICATIONS

In 2012 a special VAT regime covering the lease of pleasure yachts was adopted in Cyprus, making Cyprus one of the most attractive jurisdictions for Yacht Leasing in the EU. This new regime provides one of the most advantageous regimes throughout the EU, whereby through use of the Yacht Leasing Scheme, the payment of VAT of a yacht is significantly reduced up to as low as 4.46%, according to the type and length of the yacht.  The payment of the VAT within the EU will allow for the yacht to sail freely throughout the EU.