Crowd Funding Project – VAT and Residency

What is this about?

Relief from the whopping 20% Value-Added Tax is possible for temporary importation by non-EU Residents. But the definition of non-EU Resident is vague and applied differently by each EU country. Greece has developed a reputation for being particularly strict at applying its unique interpretation of the EU customs rules, particularly as it applies to sailboats.

Who will benefit?

Euro-nomad sailors and perhaps Motorhomers often purchase or import their ‘Means of Transport’ into Europe for extended travel in the Schengen zone.

What will be produced?

This crowdfunding project will be used to engage specialist tax advisors to confirm compliance with EU rules, and document the resultant outcome in a manner that assists contributors to meet their obligations for temporary importation in a way that minimizes impact on their extended travel ambitions within the Schengen zone. Target countries include Greece, Italy, France, Spain, and Portugal.