The Portuguese flag, being a EU flag, is permitted by the European laws and regulations to be used within EU in chartering services. Although these services should be allowed to all EU established owners irrespectively of the flag flown by their yachts, some EU member states tend to render difficult the chartering activities by non EU flagged vessels.

The localization rules of the chartering contracts in Portugal are the same as those applicable in the majority of the European members States and VAT is a harmonized tax at the level of the Union.

In so being short time yacht charters (those for a period not exceeding 90 days) are taxed at the country where the yacht is actually put at the disposal of the customer. As the charter normally does not start in Portugal no Portuguese VAT will be due.

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Register Your Yacht in Madeira

Register Your Yacht under Portuguese Flag and operate with the homeport “Madeira“