French Nautical Leasing

  • Contract tipology: financial lease with final purchasing option
  • Term: from 4 up to 15 years
  • Advance payment: from 20% to 50%
  • Final option purchase: from 0,1% to 5%
  • Interest rate: floating rate (Euribor plus a margin to be agreed); fixed rate (cost of funding plus a margin to be agreed)
  • Flag: all most important european registers are accepted

VAT Regime

The disposition of the article no 259 A of the taxes general code and of the article no 172 of the attachement II of the code itself establish that the leasing instalments are subject to French VAT of 20,00% according to the period of navigation or mooring inside UE waters. The client can choose for a 50% lump sum basis VAT.

 

Kind of boat % instalment subject to VAT AT on the leasing instalments
Boats of any lengh 50% 10,00%

 

Full VAT (20,00%) is imposed on the final option price value of the leasing contract.

  • Full VAT exemption on the leasing instalments and the final option price for charter companies and commercial use of the boat.
  • Full VAT exemption on the leasing instalments and the final option price for boats delivered, moored and used outside EU waters.