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Regulations for Yacht Charter in France & Monaco - A Guide

23 May 2014

It is the purpose of this guide to set out our understanding of the current conditions applicable to the charter of yachts in France & Monaco.

We understand that the following conditions apply to yacht charters commencing in France & Monaco:

  • The yacht owner must fiscally register in France and obtain a French VAT number
  • French VAT is chargeable on all yacht charters starting in France at the prevailing standard rate (currently 20%)
  • The VAT chargeable can be reduced by half (10%) for charters that enter international waters (more than 12 nautical miles offshore)
  • Charter in France can be performed by both EU and non EU registered commercially certified and registered yachts
  • A central charter agent must be appointed and the owner must prove that they are genuinely making every effort to offer the vessel for charter on a bona fide commercial basis
  • Usage by the beneficial owner or any related party is permitted provided that they charter the yacht at arm's length on the same commercial terms as any third-party, (it is suggested that beneficial owner or related party charter should not be excessive in comparison to overall charter activity)

Oceanskies are working closely with a leading firm of fiscal agents in France who can handle all necessary fiscal formalities.

These services can be performed on a stand-alone basis for France only or as part of the Oceanskies fiscal registration service providing a one stop shop for the fiscal support of yacht charter activities in all of the principal Mediterranean yacht charter jurisdictions.

Our fiscal agency services can be provided on a stand-alone basis to all yacht owners or in conjunction with one of our turn-key commercial yacht charter ownership and registration packages.

For further information concerning fiscal registration for yacht charter and yacht charter purposes please click on the following link to the relevant section of this website:

  • Yacht Charter - Fiscal Registration

  • Yacht Charter - Ownership & Registration

 

 

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@oceanskiesltd

17 February 2020 at 15:14

Today we have been in Viareggio with @azimutbenetti for the survey of their latest @Azimut_Yachts Azimut 27 Metri undergoing red ensign registration - pls contact us for a registration proposal or go to oceanskies.com to use our flag selector #yachtregistration pic.twitter.com/Y6TZ47WbEp

@oceanskiesltd

13 February 2020 at 19:29

Today we have been in Bordeaux with a very busy @Lagooncats for the tonnage survey of latest Lagoon 52F undergoing red ensign registr by Oceanskies - pls do not hesitate to contact us for a proposal or go to oceanskies.com to use our flag selector #lagooncatamaran pic.twitter.com/Od4Jcs7khU

@oceanskiesltd

11 February 2020 at 20:13

Today we have been in La Rochelle, France with @NautitechCat for the tonnage survey of their latest Nautitech 46 Fly sailing catamaran undergoing red ensign registration by Oceanskies #Nautitech #yachtregistration #yachtregistry #yachtregister #tonnagesurvey #redensign pic.twitter.com/u4tev2MzJu