Quick Tips About Buying a Yacht in Turkey
Buying a Yacht in Turkey
If you are planning to buy a Yacht in Turkey, there are certain things that you must consider. For instance, it’s extremely important to check up-to-date details about the yacht that is on sale. The information that you gather from the company that has put up the yacht(s) for sale must be up to date and accurate. If possible, you can also seek a survey report about the yacht, so that the one you buy is splendid in condition and also commercially viable for you too.
Related Article: Turkish Yacht Builders.
Yacht for Sale in Turkey
Of course, when you are planning to buy a yacht in Turkey, it means you are seeking some luxury time for yourself and/or your family. Thus, it’s imperative to say that privacy and comfort are the two most important things to consider while buying a yacht in Turkey.
- Also, you must keep in mind the boat regulations in the country. Some regulations are mentioned below for your information:
- Some ports in Turkey charge a certain amount of mooring fee, but usually, there are no standard harbor charges. There is also a charge for the purchase of a Transit log.
- You along with your support crew must also have a valid passport and the requisite visa for your entire stay in Turkey.
- Usually, the Turkey visas are valid for three months and are available online. If you want a visa for a period of more than three months, you can apply and obtain one from your country of residence.
- The transit log is also a mandatory requirement to enter Turkey on a Yacht. This logbook carries all the information about your yacht and the crew. It’s a form that you must fill in as per the instructions given.
- You must also go through the port procedures along with the health and the customs authorities as stated in the international regulations along with your declarations.
Cruising in Turkey is one of its kind experiences and can give you a lifetime of memories to cherish. So don’t miss this opportunity of sailing through Turkey this season. Turkey is waiting for you with open arms and heart.
Our legal team in Turkey can help you with all of your legal affairs in this regard.
Yacht Buying Process in Turkey
It’s that point in your life when the desire to buy your own yacht outweighs the practicality. Here are some suggestions to keep in mind as you begin your search for the ideal boat.
Decide what the boat’s principal function will be. Will it be used for personal purposes, business charter, or a combination of the two? The next question you have to answer is; will it be a brand-new boat or a used boat?
Conduct extensive online research about the costs of berthing and upkeep in the port/country where you intend to keep the yacht. Also, if you use a broker, be sure they are a trustworthy company with the appropriate credentials. They must have a registered maritime business and be a member of the local Chamber of Shipping, with proof of membership.
When buying a Yacht in Turkey, if you’re buying from a private seller, you’ll still need a broker for the paperwork. For ownership transfer, a written contract and a bill of sale are sufficient, but depending on the situation, further trips to the translator and notary may be required. Do not be fooled into a 50/50 split with a “broker” or an individual.
A foreigner can’t possess a Turkish flagged boat, and if the yacht already has a Turkish flag, a flag change is necessary. This is not cheap, with prices starting at around 7000 Turkish liras. These prices may vary based on the size of the boat and the type of new flag chosen. There are currently numerous foreign-flagged boats in Turkey, so purchasing one can save money and time.
The vendor should offer accurate information about the yacht’s technical characteristics, updated pictures, and a detailed inventory of the work that needs to be done. Prices are typically flexible, and you may come across some great “bargains,” but keep in mind that you get what you pay for.
An inspection of some sort should be carried out, however, this does not always include raising the yacht out. Several trained local surveyors who speak decent English are available. When visiting for inspections, make sure to provide adequate time and be prepared to travel.