Any type of boat, ship or maritime vehicle can be registered in Andorra under the condition that the owner is either Andorran resident or an Andorran company. The registration is relatively simple. The boat does not need to enter Andorra, but the local VAT (IGI 4.5%) has to be paid to the Andorran customs. The registration takes 2-3 days. One must submit originals documents and the insurance certificate in buyer’s name must be issued by a company in Andorra.
Thereafter the annual Andorran taxes due are:
For vessels up to 3.5m 97.54 €
For vessels up to 6.5m 121.13 €
For vessels up to 10m 161.86 €
For vessels over 10m 246.55 €