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| Ships or yachts
may be owned by an offshore company and registered in an offshore jurisdiction
which can prove a cheaper and more tax efficient method of ownership. A separate offshore company may be formed to operate or charter the vessel, thus separating ownership and income for additional tax benefits. Ships and yachts are registered offshore because of the advantageous maritime laws and flexibility given the owners as well as the tax benefits. Ships and yachts may be owned by an offshore company and registered in an offshore jurisdiction which will yield a cheaper and more tax efficient method of ownership. |
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