Cyprus Yacht Leasing Scheme paves ways for easier EU VAT Paid Certificate

Following the introduction of the Cyprus Yacht Leasing Scheme in March 2012, yacht owners now have a wider choice as to the jurisdictions with allow yacht leasing schemes – specific guidelines that blend a low VAT rate, whilst ensuring the issuance of the much coveted – EU VAT-paid certificate.

The issuance of an EU VAT – paid certificate at exceptionally low rates were already possible through the Malta yacht leasing scheme, through bespoke guidelines issued in 2007. The Cyprus Yacht Registration Scheme bears many similarities to its Maltese counterpart, and with applicable VAT rates as low as 3.4% offers a genuine and interesting alternative.

Try our new online Yacht VAT calculator for an instant, comparative calculation of the applicable rate of VAT for both jurisdictions – together with a breakdown of the applicable monthly lease instalments.

With full-fledged offices in both Malta and Cyprus, Focus Business Services can offer you the most cost-effective solution leading to the issuance of the EU VAT Paid Certificate in either jurisdiction. Contact one of our officers to start the process and avail oneself of the most preferential Yacht Leasing Scheme. Simply fill in the contact box below or contact us by email on enquiries@fbsmalta.com or by calling at +356 2338 1500