Acquiring a yacht or an airplane for private purposes always involves careful assessment and decision on the best method for financing and processing the tax asset to be acquired.
Because of its European Union membership, Malta offers excellent opportunities for acquiring yachts and airplanes for private use, specifically for VAT purposes. If properly structured, the purchase of a yacht or private airplane can be optimized through financial leasing with an option to purchase the asset, resulting in an extremely low VAT rate, both in leasing instalments and in the final transaction of the acquisition.
Find out about the advantages of Malta and see how you can optimize the acquisition process for a yacht or airplane for private use through this jurisdiction. If you feel this opportunity is worth exploring, contact us so that we can discuss in greater detail how we can apply these benefits specifically to your company.