Poland Yacht Registration

Poland Yacht Registration

• With the recent change since 2021, non-EU passport holders can now directly initiate for Poland Yacht Registration, regardless of their nationality. Previously restricted to EU ownership, this lifetime registration alleviates the need for setting up a company within the EU, saving on costs and administrative burdens. Tetra Consultants offer comprehensive services for Yacht Registration, making it easier and more cost-effective for individuals worldwide to register their yachts and boats. Our services includes:

• Poland Yacht Registration

• Register company in Poland

• Offshore company incorporation

• Corporate bank account opening services

• Accounting and tax obligations services

Advantages of Poland Yacht Registration

International validity

• The Poland Yacht Registration provides global recognition, enabling yacht owners to navigate their vessels internationally without the need for re-registering in multiple jurisdictions. This streamlined process eliminates bureaucratic hurdles, offering convenience and flexibility to yacht owners as they sail across diverse waters worldwide. With international validity, Poland Yacht Registration ensures seamless operations and compliance with maritime regulations, enhancing the sailing experience for owners across the globe.

Efficient registration process

• Poland’s yacht registration process is notably efficient, usually completing temporary registration within a brief window of 1 week. This swift process ensures that yacht owners can swiftly access their vessels, allowing for expedited enjoyment of their maritime pursuits. With minimal bureaucratic delays, Poland’s streamlined registration system offers a seamless experience, emphasizing promptness and convenience for yacht owners seeking to set sail without unnecessary delays.

Lifetime validity

• Poland’s yacht registration offers lifetime validity, ensuring that once registered, a yacht remains so indefinitely. This eliminates the hassle of periodic renewals and associated costs, providing yacht owners with long-term peace of mind. With no need for recurrent paperwork or fees, Poland’s registration system offers a stable and cost-effective solution, allowing owners to focus on enjoying their vessels without the burden of administrative upkeep.

No maritime restrictions

• Poland’s yacht registration system imposes no maritime restrictions, affording yacht owners unrestricted freedom to navigate their vessels at their discretion. This liberty allows for seamless exploration of waters without limitations or bureaucratic hurdles. With Poland’s registration, yacht owners can embark on voyages whenever they choose, enjoying the open seas without constraints or regulatory barriers, further enhancing the appeal of registering yachts under the Polish flag.

Full EU flag registration

• Poland’s yacht registration offers a complete EU flag registration, granting vessels flying the Polish flag full acceptance worldwide. This inclusion simplifies access to EU waters, eliminating the need for additional permits or regulatory clearances. With the Polish flag, yacht owners benefit from seamless navigation within EU territories, enjoying the privileges and conveniences associated with EU registration, enhancing their sailing experience and global mobility.

No survey required for boats under 24meter

• In Poland, boats under 24 meters are exempt from registration surveys, simplifying the registration procedure and alleviating paperwork for yacht owners. This streamlined process enhances efficiency and expedites the registration of smaller vessels, allowing owners to promptly enjoy their boats without the need for extensive surveys. Poland’s exemption of registration surveys for boats under 24 meters underscores its commitment to facilitating a seamless and hassle-free registration experience for yacht owners.

Can a foreigner proceed for Poland Yacht Registration?

• Yes, a foreigner can have 100% ownership of yacht while proceeding for yacht registration. The registration process in Poland is open to all nationalities, allowing boat owners from various backgrounds to register their vessels under the Polish flag. This inclusive policy allows boat owners from diverse backgrounds to register their vessels under the esteemed Polish flag. Tetra Consultants proudly offer assistance to clients in navigating the registration process with the pertinent Polish sports association, including the Polish Yachting Association. This esteemed authority facilitates efficient registration for yachts utilized in sports or leisure activities, not surpassing 24 meters in length, ensuring a seamless experience for foreign vessel operators or owners.

How long does it take for Poland Yacht Registration?

• The duration for Poland Yacht Registration varies depending on specific circumstances and chosen registration type, typically ranging from a few weeks.

• For Polish EU Registration: The process generally takes 1 week from submission of all required documents. An “Ultra-Fast” option expedites registration within days at extra cost.

• Polish Boat Registration: Provisional registration can be completed in 1 week, allowing immediate legal vessel to use while final registration is processed.

• Poland Yacht Registration: Provisional registration for a Polish-flagged yacht can be obtained within 1 week, with permanent registration usually completed in 1 weeks for official documentation issuance.

We can assist you to register company in Poland within 3 weeks. Furthermore, we can also help you with corporate bank account opening, which will provide you with a bank account within 4 weeks after the incorporation of your company. Thus, the entire span will be around 8 weeks in total which will also include company registration and bank account opening.

Types of Poland Yacht Registration

Polish EU registration

• Polish EU Registration enables EU nationals to register their boats under the Polish flag, granting them a recognized EU flag registration. The process entails meeting ownership criteria, submitting necessary documents, and adhering to EU regulations to ensure compliance. By obtaining Polish EU Registration, boat owners gain the benefits of a prestigious EU flag registration for their vessels. This facilitates seamless navigation within EU waters while enjoying the privileges associated with EU registration, enhancing the appeal of the Polish flag for EU nationals.

Polish Boat registration

• Polish Boat Registration caters to various boat operators, encompassing pleasure craft, charters, and private yacht owners, aiming to register their vessels under the Polish flag for recreational or commercial use. The registration process entails submitting essential documents, including a notarized bill of sale, CE certificate, and passport copy, within a designated timeframe.

• This streamlined procedure ensures efficient completion of registration, enabling boat owners to navigate Polish waters confidently while enjoying the benefits of operating under the esteemed Polish flag for both leisure and commercial ventures.

Poland Yacht Registration

• Poland Yacht Registration accommodates yacht owners seeking to register their vessels under the Polish flag, providing international validity and lifetime registration for both pleasure and commercial yachts. The registration process entails submitting boat documents, passport copies, and meeting specific requirements to obtain provisional and official registration documents within a designated timeframe.

• This comprehensive process ensures that yacht owners can navigate global waters confidently, benefiting from the prestige and recognition associated with the Polish flag. With streamlined procedures and international acceptance, Poland Yacht Registration offers a seamless experience for yacht owners seeking to operate their vessels under Polish jurisdiction.

New Yacht Registration Rules in Poland

• The updated yacht registration regulations in Poland, effective from August 1, 2020, introduce notable revisions to the registration process for yachts and vessels up to 24 meters in length.

Mandatory yacht registration:

• Under the new law, yachts exceeding 7.5 meters or motor-driven boats with engine power exceeding 15 horsepower must undergo registration in Poland. Exceptions apply to vessels intended solely for regattas, sports competitions, rowing racing boats, or those propelled by human power.

Registration fees and deadlines:

• A new fee structure for administrative procedures related to yacht registration has been introduced, encompassing fees for registration, amendments, duplicates, and certified copies of registry documents. The registration authority is mandated to process applications within 30 days of submission. The registration fees may vary depending on the size of the ship. Thus, the ship standard registration fees is usually €420 (may vary).

Validity of existing registry entries:

• Registry entries and documents issued under previous regulations remain valid for a limited period, with deadlines set for re-registration under the updated requirements.

Simplification and encouragement:

• The objective of the new regulations is to simplify administrative processes and maintain reasonable fee levels, thereby promoting accessibility and attractiveness of yacht registration for both Polish and foreign owners. Additionally, these changes aim to discourage vessel transfers between operators and encourage registration under the Polish flag, enhancing its appeal for offshore yacht operators.

How to obtain Poland Yacht Registration?

Step 1: Complete company registration process

• While you proceed to register yacht in Poland you will be required to register company in Poland. The most suitable type of business entity for Poland Yacht Registration is Limited Liability Company (LLC), also known as a Spółka z ograniczon odpowiedzialnością (Sp. z o.o.) in Polish. This type of entity is popular because it provides limited liability protection to its owners, which means that the personal assets of the owners are not at risk in case the company incurs debts or is sued. Additionally, an LLC is relatively easy to establish and maintain, and it offers a flexible management structure.

• Various statutory requirements for an LLC in Poland includes:

• The minimum capital required for an LLC in Poland is PLN 5,000 (approximately € 1,200).

• At least one shareholder without residency requirements.

• At least one director without residency requirements.

• The company must have a registered office in Poland.

• There is no requirement for a company secretary in Poland, but the company must have a registered agent who is responsible for receiving legal and official documents on behalf of the company.

Step 2: Prepare required documents

• To comply with initial steps, Tetra Consultants will handle the preparation of various necessary documents on your behalf. Our experts will gather essential paperwork. Additionally, if needed, we will also facilitate you with legal drafting services to ensure all documentation meets regulatory standards and requirements.

Step 3: Proceed with yacht registration process

• Tetra Consultants streamline the registration process. We assist in completing the online Polish boat registration form, ensuring all required information is accurately provided. Additionally, we facilitate the uploading of necessary documents for processing, ensuring a seamless and efficient registration experience for our clients.

Step 4: Payment and processing

• Upon submission of the registration form and documents, clients will receive an invoice detailing the registration fee by the Polish Register of Shipping (PRS) and the Polish Yachting Association (PYA). Once payment is processed, the Polish yacht registration procedure begins. Tetra Consultants ensure transparency throughout, with the entire registration process costing offering cost-effective solutions for yacht owners seeking to register their vessels under the Polish flag.

Step 5: Provisional registration

• With Tetra Consultants, clients can anticipate receiving a provisional registration certificate within 2 working days after payment and processing has been completed. This certificate grants immediate legal usage of the yacht while final registration is underway. Our expedited process ensures swift access to your vessel, allowing you to embark on your maritime ventures without delay, while we handle the necessary formalities for the final registration.

Step 6: Final registration

• Under the new regulations effective from August 1, 2020, yacht owners have the flexibility to finalize registration with any county office or relevant sports association of their choice. Tetra Consultants ensure a seamless process, consolidating all data into a single registry. The final registration, typically completed within 1 week from the submission of required documents, marks the official conclusion of the registration process, providing yacht owners with legal recognition under Polish jurisdiction.

Step 7: Additional services

• Upon request, Tetra Consultants offer additional services such as AIS & MMSI Radio License, encompassing ATIS, MMSI number, and call sign issuance. Additionally, we extend our services to include corporate bank account opening assistance, ensuring comprehensive support for our clients’ business needs.

Minimum regulatory requirements for Poland Yacht Registration

• Yachts (both offshore and inland) with a length of more than 7.5 meters or motor-driven boats with an engine power of more than 15 kW are subject to registration.

• Yachts can be registered with any county office or relevant sports association, with all data consolidated in a single registry.

• Non-EU nationalities need their boat to be wholly owned by a EU company.

• The owner of the yacht is not required to reside in Poland or even in the EU.

Various statutory requirements for company to proceed for Yacht Registration includes:

• The minimum capital required for an LLC in Poland is 5,000 PLN.

• At least one shareholder without residency requirements.

• At least one director without residency requirements.

• The company must have a registered office in Poland.

• There is a requirement for a registered agent responsible for receiving legal and official documents on the company’s behalf.

What are the documents required for Poland Yacht Registration?

Below mentioned is a general set of documents which may vary depending on the company and needs of an individual entity.

• Scan of the owners / director’s passport or ID card

• If the yacht is owned by a company, we need the company documents (not older than 1 year)

• Original purchase / sale contract / bill of sale (and sworn translation which we will provide)

• Ownership declaration (with language certificate which we will provide)

• POA (with language certificate which we will provide)

• Picture of the CE design category plate

• Photo of the engine or a document about engine

• CE Certificate of the yacht.

Documents required for corporate shareholder:

• Certificate of incorporation

• Company ownership declaration

• Memorandum of Association

• Articles of Association

• Latest financial statements

Documents required for individual beneficial owners, directors and shareholders:

• Notarized copies of ID or passport

• Sworn translations of all required documents into the Polish language.

• Proof of income

• Updated CV’s

• Proof of address of last 3 months

Accounting and tax obligations

• Poland Yacht Registration entails companies encountering accounting and tax obligations similar to conventional businesses. Tetra Consultants provide extensive services to guarantee conformity with all accounting and tax standards. Outsourcing these services not only guarantees regulatory compliance but also assists in reducing companies’ overhead expenses. By delegating their accounting and tax responsibilities to Tetra Consultants, companies can concentrate on their primary operations while efficiently upholding regulatory compliance.

Accounting obligations

Financial reporting requirement:

• Yacht company registered as Limited Liability Companies (LLCs) in Poland are obligated to prepare a comprehensive financial report and a detailed report on the entity’s operations annually. This financial report encompasses various elements including events impacting the company, achievements in research and development, and financial performance indicators.

General shareholders’ meeting:

• Yacht companies registered as LLCs are mandated to convene a General Shareholders’ Meeting for the adoption of both the financial report and the report on the entity’s operations. Also, resolutions concerning the distribution of the company’s financial outcomes will be addressed during this meeting.

Submission of reports:

• Following the General Shareholders’ Meeting, companies are required to submit the financial report, the report on the entity’s operations, and the resolutions passed during the meeting to the relevant Company Registry in Poland.

Reporting obligations:

• Polish companies including shipping companies are subject to reporting obligations necessitating the submission of their financial report for auditing under specific conditions. These conditions typically include factors such as employing at least 50 full-time equivalent staff, meeting designated thresholds for total assets, and achieving certain levels of net revenue.

Chart of accounts:

• Yacht entity must establish and adhere to an official chart of accounts along with accounting policies. These must be formally approved and implemented in the Polish language. The chart of accounts should comprehensively detail accounting principles and specify the software utilized for accounting purposes.

Tax obligations

Corporate Income Tax (CIT):

• In Poland, the standard CIT rate stands at 19%, with a reduced rate of 9% applicable to income excluding capital gains under specific conditions. Yacht registration entities such as legal entities, limited partnerships, and limited joint-stock partnerships are subject to CIT. Non-residents, on the other hand, are only taxed on income sourced within Poland.

Value-Added Tax (VAT):

• VAT is imposed on the supply of goods and services within Poland. The standard VAT rate is 23%, with three reduced rates of 8%, 5%, and 0% applicable under certain circumstances. VAT is also applicable to the export of goods outside the EU, import of goods from non-EU countries, intra-community acquisition and supply of goods.

Other taxes:

• Companies establishing themselves in Poland are subject to a 0.5% transfer tax upon registration. Acquisition of shares incurs a tax rate of 1% based on the market value. Additionally, Transactions Tax applies to specific civil law transactions, including share acquisitions and other similar dealings.

Looking for Poland Yacht Registration

• Registering a yacht in Poland offers numerous advantages, including cost-effectiveness, streamlined procedures, and access to EU waters. With its favorable regulatory framework and reputable maritime administration, Poland presents an attractive option for yacht owners seeking reliability and efficiency in registration processes.

• Contact us to know more about Poland Yacht Registration and our team will revert back within the next 24 hours.

FAQ

What are the benefits of registering a yacht in Poland?

Is Polish residency required for yacht registration?

How long does the Polish yacht registration process take?

Are translations into Polish part of the registration procedure?

What safety requirements are necessary for Polish yacht registration?

Are there any ongoing fees associated with Polish yacht registration?