Irish Rover
Well-Known Member
There was an amnesty last year which allowed Turkish citizens and residents who had foreign flagged yachts to transfer to the Turkish register. You just had to pay a small fee to the Harbour Master's Office, 1% VAT on the value of the boat and an agents fee. It cost me about €750 total to transfer my Irish flagged boat and I was then able to sell it to a Turkish buyer. The scheme is still open for boats which were owned by Turkish citizens/residents prior to 24 January 2017. Otherwise it is almost impossible to register a second hand boat in Turkey. Most of the Delaware boats in my local marina availed of the amnesty and there are very few of them left. As far as I understand it Delaware or any other State registration in the USA is not actually a valid form of registration outside US waters. I believe only USCG is acceptable internationally. It is widely rumoured here in Turkey that the authorities are planning to crack down on Delaware registrations and may impound boats until they secure a proper international registration or pay around 70% tax to get Turkish registration if they don't qualify for the amnesty.Not a dodge. Perfectly legal as Delaware only requires the corporation to be resident, not the shareholders. Same in principle as the UK Part 1, but less onerous paperwork. As said a way for Turks to avoid high local taxes, but comes with some constraints on usage as I understand it.