Choosing a flag for your commercial pleasure ship in Tahiti, French Polynesia

A person of foreign nationality acquires a ship under construction in France.

She wonders how to choose a flag for her commercial pleasure ship in Tahiti, French Polynesia?

She requires a consultation on this subject explaining to me that she wants the crew to be French but that she would also like to benefit from advantages in terms of VAT, notably.

To know the flag that suits your expectations and the use of your boat, it's a bit like in the stock market: do you have an adventurous spirit or a more classic one? Do you want to take some risks or play with balance?

There are currently many flags that offer great advantages in terms of VAT and shipowner's taxation, especially; However, for that, you should not hesitate to entrust the realization of your arrangements to an expert, like the firm of Me Florence ROMEO, and dare. It's not about breaking the law, it's about optimizing an investment with the legal means available.

Currently, optimal optimization is done in Malta or Cyprus provided that a leasing arrangement known as "Maltese leasing" is validated.

This setup is very interesting but can be daunting.

Other flags can serve as a more flexible fallback, but it is necessary to precisely determine the client's objectives.

For this person, tax optimization was desired but there was also a will not to break away from the interests of the crew in terms of social security and labor law.

Thus, a tailor-made proposal was made and set in motion.

If you also need advice in choosing a flag, with ever-evolving legislation and quickly evolving white lists and black lists of countries and flags of convenience, call on a Maritime Law Expert, call Lawyer Florence ROMEO.