- Vessel Ownership
Using a company, partnership or other arrangement to own and operate a vessel can provide vessel owners with a number of benefits, including asset protection, privacy and qualification for a flag not available to the individual owner.
We combine 45 years of corporate service experience, with a presence in global range of internationally recognised corporate domiciles and dedicated expertise in the formation and administration of multi-jurisdictional corporate structures for the ownership and chartering of superyachts and commercial vessels. Our service includes assistance with jurisdiction-specific yacht structures where VAT may be a consideration.
Our Vessel Ownership Services
We provide corporate formation services in more than 20 jurisdictions worldwide and can assist with all aspects of establishing a company to own a vessel, including collection and review of all required due diligence documents, completion and submission of all registration documents, initial FATCA and CRS classification, tax and VAT registration, Economic Substance Classification and bank account opening.
Once the vessel-owning structure has been established, we can assist with all aspects of its ongoing administration to ensure it remains in good standing at all times. Our services include: provision of registered office and acting as registered agent, company secretary and bank signatory; provision of directors or trustees; payment of government fees, beneficial ownership reporting, economic substance filings and FATCA / CRS sponsorship and reporting; the procurement of vessel insurance.
We offer comprehensive range of accounting services to maintain the financial health of the vessel holding structure. Our services include: budgeting and monthly management of accounts; cash book management and support; preparation of financial statements; financial planning for new builds and refits; bookkeeping and statutory accounts preparation; management of pre-paid credit/debit cards for crew.
Please contact any of our team to discuss how we can help you.