Yacht ownership structures
Hawksford has many years of experience dealing with yacht owning structures. Owing to the complexities involved, we understand how important it is for yacht owners to seek the correct advice and to have the appropriate structure put in place for them.
We have the technical expertise and global reach from our Jersey, Singapore and Cayman Islands offices, to establish offshore yacht ownership structures for our clients.
Our dedicated marine team takes care of the complexities of yacht ownership, to allow the owners to simply enjoy their yacht in the knowledge that the structures are being run efficiently, professionally and in a compliant manner.
Yacht owner services
Hawksford provides a crucial and highly professional administration service for yacht owners, which includes:
- The creation and management of tax efficient ownership structures for both private and commercial yachts in the most advantageous jurisdiction for them
- The provision of directors, company secretary, registered office and nominee shareholder services
- General private and commercial yacht administration
- Setting up and managing offshore bank accounts
- Arranging finance
- Financial reporting for the structure
- Obtaining tax advice from specialist marine experts
- Insurance cover for the yacht, crew and visitors
- Appointment of yacht managers, charter brokers and international safety managers
Yacht management structures
We are experts in setting up and managing multi jurisdictional yacht owning structures. However, we believe that due to the complex regulations in the marine world, which are frequently changing, it is in the best interest of our clients for the day to day management of the yacht to be dealt with by fully qualified individuals in this specialist field.
Hawksford has a global network of professional and highly experienced marine managers and advisers with whom we work, to provide our clients with an all encompassing and compliant service.
We will engage with these professionals across the globe in matters relating to:
- VAT registration and ongoing VAT management
- Obtaining valuations and surveys
- Application for relevant licences
- Employment of Captains and crew
- Management of payroll and expenses
- Management reporting for the yacht
Email [email protected] or speak to any key contact from the right-hand menu to find out how we can help you.