Luxembourg

Luxembourg, a landlocked nation bordered by Belgium, Germany and France, might seem like an odd location in which to register a seafaring vessel. However, its membership in the European Union (EU) as well as its tax advantages make Luxembourg a worthy choice for those wishing to fly an EU flag on their yacht or ship.

As long as your vessel is over 25 tons, newer than 15 years old and has a loadline of at least 24 meters, a Luxembourg registration by owners with at least a 50% interest in an EU-based company allows it to be anchored in all EU waters for a variety of activity, including:

Shipping
Towing
Fishing
Passenger transportation

Luxembourg offers an extremely friendly tax environment for yacht and ship registration. Profits are taxed at a low rate, and those that are used in the purchase or refurbishment of another vessel are exempt from taxation completely, with the added benefit of deductible repairs. In addition, trading losses can be used towards a company’s profits in the following reporting period. Shipping concerns are exempt from VAT.

If you’d like more information about how registering your yacht or ship in Luxembourg can be a financial advantage for you, please contact us today. We’ll be happy to advise you and assist in a smooth registration process.