Owning a boat in Portugal can be an exciting venture, but there are some important things you need to know before embarking on this journey. Here are some of the key factors to consider:
Registration
Before you can own a boat in Portugal, it must be registered with the relevant authorities. The registration process involves submitting several documents, including proof of ownership, proof of VAT payment, and proof of insurance.
Licenses and Certifications
Boat owners in Portugal are required to have certain licenses and certifications. The type of license you need will depend on the size and type of boat you own.
Taxes and Fees
Owning a boat in Portugal comes with certain taxes and fees. These can include VAT, annual registration fees, and insurance. It's important to budget for these expenses when considering the cost of owning a boat in Portugal.
Maintenance and Storage
Maintaining and storing your boat is also an important consideration. In Portugal, you can store your boat in a marina or a boatyard. Marina fees can vary depending on the location and size of the marina, while boatyard fees are generally lower but may not offer the same amenities as a marina. It's also important to factor in the cost of routine maintenance and repairs. For all your maintenance and storage needs we recommend our partner company Sopromar, based in Lagos, Algarve. Their complex was designed to provide the widest range of services and facilities in the nautical environment.
Safety Regulations
Finally, it's important to be aware of safety regulations when owning a boat in Portugal. The Portuguese Maritime Authority has strict regulations in place to ensure the safety of boaters and other water users. Make sure you understand these regulations and comply with them to avoid any fines or penalties.
Find a reputable dealer or broker
Before you do anything else, you'll need to find a dealer or broker who can help you find the right boat for your needs. Make sure you choose someone who is knowledgeable and experienced in the boating industry. Our team at Soproyachts, founded in 2007, has the experience and knowledge to help you find the right boat for you, whether it’s a pre-owned boat or a new boat from their exclusive brands.
Get a survey
Once you've found a boat you're interested in, you'll need to get a survey done to ensure that it's in good condition. This will involve a professional inspecting the boat to identify any problems or issues that need to be addressed.
Owning a boat in Portugal can be a rewarding experience, but it's important to do your research and understand the legal and practical aspects of boat ownership in the country.
If you are looking to buy a boat please get in touch with our team:
926 271 894 (Chamada para rede móvel nacional)
