29/05/2026
π₯οΈ For owners of BVI registered pleasure yachts, the line between private use and chartering has often meant choosing one mode or working through the friction of switching registration each time the use changes.
Yacht Engaged in Trade (YET) certification offers a different approach. It is a dual-use programme that lets owners continue using their yacht privately while keeping the option to charter in EU waters when it suits them, in line with EU VAT and Port State Control requirements.
Marine Circular 01/2026 published by VISMA, sets out how YET works in practice: covering the advantages it offers, who is eligible, the limitations that apply, the application and certification process, and the conditions for maintaining YET status.
Read the full Marine Circular: https://qrfy.io/p/Qtsj6Bcp-K