Who can benefit from an Italian Lease arrangement?
All owners who use their yacht for private purposes are inhabitants of the EU and wish to finance part of their yacht by a lease for VAT benefits. 

What VAT regulations apply?
Depending on the registered length of the yacht, you will receive a discount on the VAT charged. Yachts of more than 24 registered metres are charged a VAT of 6%. This percentage is calculated over all terms. The usual VAT rate will apply to the purchasing option; Italian VAT is currently 20%. 

Are there any other VAT benefits?
Besides the fact that the VAT tariff is lower than the purchasing VAT, you will also benefit from paying the VAT in instalments and not all at once at the time of purchase.

What are the benefits of a short duration?
VAT must be paid on the lease terms and is paid both on the redeemed and the interest components. The longer the duration, the larger the total interest component. The VAT charged will diminish the original VAT benefit.

Is the interest fixed or variable?
The interest can be fixed for longer periods on amounts starting at € 1 million. A variable interest rate is standard.

Is the Italian Lease also for yachts under construction?
The Italian Lease is suitable for yachts at any stage of construction or which are ready to be delivered. It is essential that the VAT has not yet been paid on the boat. 

What is included in the lease?
The lease includes only the partial financing of the yacht. All other costs such as maintenance, insurance, berths and crew are for the lessee.

Under what name will the yacht be registered?
The yacht will be registered to the lease company. All documents which prove that the lessee is authorised to sail the yacht will be kept onboard.

Are there any restrictions to the sailing area and use of the yacht?
The yacht can be used freely and there are essentially no restrictions. The yacht must of course meet any relevant requirements to sail in certain areas and its insurance will be based on both the sailing area and its activity (i.e. racing, world cruise, etc.).

What happens if I want to sell my yacht?
When the yacht is sold, there are two options: The buyer takes over the lease or the buyer buys the yacht alone.

What is the difference between Ciris Capital Leasing S.r.l. and other lease companies?
Short and clear communication makes the Ciris Capital Lease a transparent product. We speak your language both literally and metaphorically.