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Baker Tilly Isle of Man Maritme is a pre-eminent
provider of maritime services to the yachting fraternity.
We specialise in maritime planning and asset protection requirements
for the modern client, providing bespoke ownership and registration
structures that meet the demands of an ever changing maritime market.
The ownership and registration of a yacht must take
into account a wide variety of factors, including:
- Tax efficient corporate ownership structure
- Commercial or pleasure registration - multi jurisdiction
- Financing facilities and registration of marine mortgages
- Cruising locations and in particular European Union VAT implications
- VAT registration and ongoing compliance
- Appointment of Representative Person
- Financial reporting and accounting requirements
- Ongoing administration of the vessel
- Crew payroll and employment
- Tailored Marine insurance packages
- Liaison with regulatory authorities
International Crew Pension
Our market leading offshore pension experience allows us to provide
plans to all levels of yacht crew, with benefits including:
- Secure future financial planning
- Multi-Market and jurisdiction flexibility
- Registered and regulated with the Insurance and Pensions Authority
- Contributions and growth exempt from Isle of Man tax
- Benefits paid without deduction of Isle of Man tax
- Lump sum or pension as required
Baker Tilly Isle of Man Maritime works closely with clients and
advisers to implement plans and structures which ensure every yacht
is operated in an efficient manner. Compliance with the requirements
of the regulatory authorities is of paramount importance.
Using our breadth of experience and our extensive network of contacts,
(including direct access to the Ship Registries), we are able to
ensure that both registration and the ongoing administrative requirements
of yacht ownership run smoothly and without unwanted surprises.
Further details on our extensive maritime services can be provided
on request.
Contact
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