Yacht Acquisition

If you plan to acquire a yacht, be it a new-build or an existing vessel, it is imperative that you obtain expert advice before entering into any build contract or purchase agreement.

To ensure that your requirements are met, Trustcorp Marine can advise you on the following:

• VAT-efficient purchase methods
• Tax- and VAT-efficient ownership vehicles
• Commercial v private registration (or both)
• Vetting new-build and purchase agreements to meet your needs, flag-state regulations, tax status, etc
• Charter
• Choice of flag state
• Finance or refinance
• Insurance
• Crew and yacht management

We offer robust VAT-efficient solutions to meet the specific reqirements of yacht purchasers and yacht owners, including temporary importation, purchase of a going concern and intracommunity supply, chartering, private use, etc. Where applicable, we also arrange for VAT registrations and the preparation and submission of VAT Returns for the owning vehicle.