Commercially operating structures for new builds:

  • Set up of corporate structure
  • Assistance with new build contract terms
  • Registry
  • Acquisition/VAT recovery
  • Management of all commercial yacht and owner obligations

Commercially operating structures for existing yachts:

  • Set up
  • Assistance with sale and purchase contract obligations/sale completions
  • Importation into EU/VAT recovery (via France, Spain, Malta or Portugal)
  • Transfers of Going Concern
  • Management of all commercial yacht and owner obligations

Specific structures for UK resident and domiciled individuals, considering the following tax liabilities:

  • VAT
  • UK benefit in kind tax
  • UK Inheritance tax

Offshore based structures for non-EU residents:

  • Advice on Temporary Importation and set up of off shore structures

Leasing structures - Yachts:

  • Malta leasing
  • Advice on all lease/finance solutions

Aircraft services:

  • Import and acquisition advice
  • Provision of private or commercially operating ownership structures
  • Registration in a selection of both on and or off shore jurisdictions
  • Provision of lease agreements
  • Aircrew agreements and employment

Crew structures:

  • Up-to date advice on EU employer and employee social contributions " Payroll and administration of social contributions
  • Offshore crew employment
  • Compliance with flag state manning requirements

Local Support:

  • Global advice and support with respect to local regulations and legislation affecting yachts in all jurisdictions.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.