Owning and operating a yacht can be complex, resulting in a number of considerations requiring attention. With a comprehensive understanding of the yachting industry, our dedicated team of professionals can assist owners and their representatives in understanding the diverse requirements associated with the ownership, registration and management of a range of vessels including, motor yachts and sailing yachts, whether being used on a commercial or private basis.
With the legislative and regulatory requirements of the yachting industry continually changing, we understand that staying abreast of new developments is of utmost importance, in order to ensure that all of the vessels under our management remain compliant.
We give significant consideration to how and where an owner plans to use his vessel, in order to ascertain any tax or VAT exposure, whether the asset is intended to generate income and subsequently whether tailored tax planning could offer any fiscal benefits and/or minimise any liabilities.
It is our belief that a close initial and continuing dialogue is the most productive method of ensuring a successful relationship. Tailored to your individual requirements, our yachting services are delivered professionally, reliably and with complete integrity, leaving you free to enjoy your asset in the knowledge that its safe custody and effective management remains our priority.
Approved by the Isle of Man Ship Registry as a “Representative Person”, we can act for owners and operators of a wide range of vessels. Furthermore, we can assist with the necessary ongoing administration in respect of the regulatory, technical and administrative upkeep of such vessels as well as the ownership entities, across a number of jurisdictions.
OUR SERVICES
Establishment and administration of bespoke yacht ownership structures
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Statutory services
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Provision of registered office, directors, secretary and shareholders
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Acquisition and sale of vessels
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International yacht registration and flag administration
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VAT registration, administration and compliance
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Tax compliance
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Bookkeeping and accounting
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Corporate bank accounts and online-e-banking
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Project management
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Assistance with technical vessel management
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Co-ordination of legal, tax and VAT advisory services
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Facilitation of finance and insurance
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Crew Employment & Payroll
(including Healthcare Benefits & Retirement Planning for Seafarers)
