Yacht buyers have the option to register and title their yacht in different countries which may offer advantage to the yacht and ownership. With larger yachts, many owners choose to register the yacht ‘offshore’ for various reasons. This article provides information as to the benefits (and issues) of doing so.
US based boat and yacht owners have some important considerations when it comes to registering their new yacht/boat. Most yacht owners need to consider the sales and use tax implications. The scope of this article provides information for US citizens and residents. It is important to note that there are different ways to title a new yacht.