You've made a crypto profit. Now it's time to sail the dream! Find out how to buy your own luxury yacht in the BVI and generate revenue.
It’s 2022 and it’s high time to turn your well-earned crypto into tangible assets. Once earmarked as a conduit for nefarious activity, or small purchases like coffee or pizza, cryptocurrency can now get you Teslas, expensive jewellery, electronics and even luxury sailboats. Mainstream sites, for example, BitCar are on the forefront of this trend. On their website you can buy a vehicle or a yacht in BitCoin under EU fiscal law. But, the choices are still fairly limited to location and the current laws surrounding AltCoin transactions.
However, an incredible opportunity does exist to make your dreams come true. A lifetime of adventure and digital nomad freedom on your own sailboat is possible using cryptocurrency.
Your yacht is your home, saving you the need for high cost renting. It’s also a means to travel the world. And, it can even become a lucrative source of revenue should you choose to run charters.
5 Benefits of Buying Sailboats with Crypto
It’s clear that personal freedom is a prime benefit of owning your own yacht! If you’re a digital nomad who thrives on adventure, living on sailboats could be an awesome lifestyle choice for you. Nowadays, freelancers and CEO’s alike can work from anywhere remotely. That makes sailing an attractive and do-able option.
Also, always remember that many sailboats often come fully fitted-out for scuba-diving and snorkelling. And other many other water activities. They sport comfortable cabins, plenty of heads, impeccable galleys and superb finishings. You can choose to convert your floating home into a luxury paradise for others. And, earn revenue while living out your dream. Now, let’s dive a bit deeper into the practical benefits of buying a yacht with your excess cryptocurrency:
It’s a straightforward process to purchase a luxury yacht as a corporate asset in the British Virgin Islands using cryptocurrency. This is because there are no current regulatory frameworks that prohibit cryptocurrency or blockchain business on the islands. You can complete your transactions digitally and instantaneously from wherever you are. It’s entirely possible to purchase sailboats in any global currency with your crypto through your IBC.
2. It’s Diverse!
You can select from an astonishing range of luxury sailboats online from the comfort of home. It’s highly recommended that you transact through a reliable international yacht broker that’s based in the BVI, such as Virgin Island Yacht Brokers. This will ensure a safe and trouble-free purchase. Furthermore, you can arrange for an experienced skipper.to deliver your new acquisition to you from any port on the planet.
3. It’s easy!
It’s relatively simple process to set up an IBC (International Business Company) in the BVI.
According to Harney’s Law Firm, “companies incorporated in the BVI are the amongst most popular offshore holding structures in the world”. This is due to the high efficiency of corporate transactions and a broad and very flexible corporate capacity. An IBC can undertake any legal activity with “no restrictions relating to corporate benefit”.
Furthermore, your IBC only requires only one director and one shareholder. And, they do not have to be resident on the islands. There are no annual filings or audits required. And lastly, there are zero requirements as to the location or the frequency of meetings of directors or shareholders.
4. It’s not too Costly!
The set up cost for an international business in the BVI is only $1400. There is also a government payment of only $450 per year. This is well under the standard pricing in other locations.
5. It’s Tax Neutral 🙂
There are no income tax, capital gains tax, corporation tax, wealth tax or similar fiscal laws in the BVI. Having an IBC based in the islands as an intermediary holding company will allow you to create tax-neutral layers in the corporate holding structure.
To sum up this great piece of insider info, a luxury yacht lifestyle purchased with your crypto is almost in your hands. Sail your DREAM !