Opening a charter company directly through partnerships is the most common scheme. But the legal force in court for additional agreements with partners is doubtful, making it unfeasible. Here are some of the most common schemes for organizing maritime companies in various regions.
Step 1: Establish an LTD Company:
As a non-EU resident, establishing any maritime company in the EU is not possible. However, you can establish an LTD company in almost any EU country. The most common countries for this are England, Bulgaria, Latvia, Malta, Holland, and Cyprus.
Step 2: Open a Marine Company:
Once you’ve become a 100% shareholder of an LTD company in the EU, you can open a marine company in any country where you want to do business.
Step 3: Buy a Yacht and Register it:
After becoming a 100% shareholder of a charter marine company, you can buy a yacht and register it under the flag for commercial use. The purchase and re-registration of a yacht from company to company takes about a month. Insurance will also have to be issued for a new company.
Options for Opening a Charter Marine Company in Various Regions
The most loyal country for opening an LTD company and then a representative office (Branch) in any EU country or a maritime company. This option is suitable for medium-sized businesses.
The most difficult country with complicated paperwork and high taxation. It is also the most expensive country for yacht maintenance services.
A comfortable region for business organization with an acceptable 10% taxation. The region is full of yachts, has few interesting routes, and a short season.
The most attractive region in terms of beauty, but it has a short season. Establishing a yacht company is possible, but yacht charter is complex. Sicily has a complex mentality, making it hard to establish there.
The best option for non-EU residents to open a commercial marine charter company is to establish an LTD company and a marine company 100% for yourself. Each country has its own features, so choose wisely.