My apologies if this hasn't been asked before-- the search function didn't seem to yield anything.
I'm looking at buying a yacht which is registered overseas (Germany), and has already had import taxes, duties, paid.
AS far as I can see, there's little point in registering it in NZ, as I would be subject to cat 1 requirements should I decide to take it overseas, whereas an overseas registered boat wouldn't be?
are there any downsides to not registering the boat in NZ? Being "entitled to Protection of the Commonwealth/British" doesn't mean much to me, or surely I could get the sa