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Marine Services

Our partners are a dedicated, Isle of Man based Yacht Management Company, which provides a cost effective service to clients for all their yachting needs.

Yacht owners and their advisors demand and deserve immediate attention by knowledgeable, experienced people who understand what it means to purchase, manage and enjoy a yacht.

Our philosophy is always to be professional, but approachable. We offer our clients a single point of contact with at least one person as a back-up and we always do what we can to achieve a client’s objectives with a “can do” attitude.

We pride ourselves on the level of our technical knowledge, which is supported by excellent in-house advisors in tax, VAT and banking.

Our partner provides a wide range of services including:

  • Yacht registration
  • Yacht management and administration of the ownership structure
  • Bookkeeping and accounting
  • VAT management and compliance
  • Crew benefit packages
  • Crew placement
  • Brokerage services
  • Insurance
  • Project management – new constructions and vessel refits

Yacht Registration

The choice of flag and the ownership structure is crucial to ensure trouble- free sailing. Consideration needs to be given as to how often, and for what purpose, the yacht will be used. We guide our clients through the process to select the most suitable flag state and location for the corporate structure, culminating in registration of the yacht at the most appropriate port.

Yacht Management and Administration of the Ownership Structure

The use of an appropriate company or trust vehicle to achieve a low overall cost for owning a yacht is essential. Our partner can provide tax and corporate structuring, as well as company formation and management services in all the most commonly used jurisdictions of the world. We will open bank accounts for the company and arrange bank credit and debit card services for staff authorised to settle the day to day running expenses.

Book-keeping & Accounting

We provide full book-keeping and accounting services. Our partners accounting team has over 40 years of collective experience in this area.

VAT Management and VAT Compliance

Our partners can individually tailor structures for each client that will minimise the effect of VAT and in some cases allow for VAT incurred on running and maintenance of a vessel to be fully recovered. A well-conceived and implemented structure will avoid any difficulties when evidence of the yacht's tax status is required.

Project Management – New Constructions and Vessel Refits

Our network of technical advisers and project managers is comprised mostly of ex-captains or engineers with extensive experience of new builds. We can make the necessary introductions or act as an intermediary, giving clients a “one stop shop” service. Advice can be given on all aspects of the new construction process, including selecting the most suitable yacht and matching this to a viable and stable shipyard with the ability to deliver.

Crew placement

In cases where a vessel requires professional crew, Our partners and their team can provide a wide range of qualified crew for its specific needs.

Crew Benefit Packages

Crew benefits are central to crew morale, performance and cohesion. Our partner, using its regulated associates, can organise both individual and group financial packages offering flexibility and a personal service. For EU nationals, a bespoke tax and social security structure can be arranged.

Crew Benefit Packages

Crew benefits are central to crew morale, performance and cohesion. Our partner, using its regulated associates, can organise both individual and group financial packages offering flexibility and a personal service. For EU nationals, a bespoke tax and social security structure can be arranged.

Crew Payroll

Our joint venture, Cornerstone Crew Management Company, is a specialist crew management and employment Company with the knowledge and experience required for the safe employment of crew. The liability to social insurance and tax has become a significant issue within EU waters. When paying salaries Cornerstone seeks to minimise these for both the yacht owner and the crew.

Brokerage Services

Whether it is for the sale of an existing vessel or for the purchase of a dream boat, your dedicated contact at Our partner, through associates in Fort Lauderdale and South of France, can help sell or source your yacht and, if required, arrange finance for your new purchase.

Insurance

Using our top yacht insurance brokers, we can guarantee competitive insurance premiums for both hull and crew medical insurance. Hazardous sport, piracy and kidnapping insurance is included as standard where appropriate.

Why Form Offshore with 247

  • Offshore Companies from as little as £299
  • Price Match Guarantee with no hidden costs
  • Incorporating in over 22 Jurisdictions across the globe
  • Established 30 Years
  • Registered over 100,000 companies
  • Fast, Professional and Personal Service
  • Discretion & Confidentiality Guaranteed
  • Banking, Nominee and Support Services
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Questions? For assitance registering an Offshore Company, or if you have any questions relating to our services, please call us now!

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