Owning a Superyacht is an affair of the heart and one that many clients take great pleasure in. However, the purchase, build or management of a yacht is often complex. The yacht will often move in and out of multiple tax jurisdictions, and it will usually be owned through structures to facilitate asset protection and professional management. In many cases it will require oversight from multiple stake holders, from yacht managers, shipyards and brokers to crew employment experts, tax advisers and lawyers. These fantastic assets come with many moving parts.
At JTC we understand these moving parts. Our Private Client team sits at the centre to ensure that the management of a Superyacht runs smoothly. For our most complex Private Office clients, we proactively guide and educate on how to bring these assets into their lives in a way that works for them. We co-ordinate the expertise of the multiple advisers and ensure that the right advice is obtained from the right adviser at the right time.
Our marine team has a wealth of knowledge and proven track record in dealing with a wide variety of ownership and operational arrangements. As well as understanding the nuances of the industry, we are committed to creating fully customised ownership and management arrangements based on your specific requirements and objectives.
What we do
For ongoing vessel management, we can oversee all responsibilities that would otherwise fall to the owner, including safety management, crew hire, employment contracts, payroll and insurance for both vessel and crew. We can also take responsibility for accounting and other financial matters such as reporting, in addition to providing administrative and operational day-to-day support.
JTC’s global network also includes a number of flag states and jurisdictions in locations which are favourable in the context of yacht ownership.
JTC’s yacht services include:
- Corporate structuring for private yacht ownership
- Corporate structuring for charter yacht ownership
- Crew employment and payroll services
- Accounting and reporting services
- Vessel registration
- VAT importations into the EU for yachts
“Superyacht ownership can be much more complex than clients first expect. Our experienced team can manage everything, giving clients comfort that they can relax and enjoy their asset.”