« Back

Dominion Marine

Superyacht Ownership & Management

Dominion is the industry leader with 30+ years of experience and £1bn+ assets under management. Freedom Redefined
DominionLogo

Location Information

North Quay
Douglas
IM1 4LA
Isle of Man

Regions Serviced

  • World Wide

Products / Services

  • Company incorporation and corporate management
  • International yacht registration for commercial and pleasure yachts
  • VAT advice on yacht purchases and sales
  • VAT registration services in the Isle of Man, France, Italy, the Netherlands, Malta and Croatia
  • Leasing and VAT services in Cyprus and Malta
  • Monaco VAT Solution for yacht ownership
  • Crew payroll
  • Crew management

Description

Bespoke yacht ownership structures and management

Dominion Marine Corporate Services Limited has been providing bespoke professional services to superyacht owners since 1984 and our team boasts over 150 years of experience in the superyacht sector. Over that time the team has built up a vast knowledge of the industry, vitally important to your peace of mind as legislation and rules constantly evolve and change.

If you are purchasing a superyacht you will be seeking the best advisors to steer you through the potential implications of owning such a high value asset. 

domionlogo long3

 

 


Isle of Man - Dominion Marine Corporate Services Limited

For contact information, see above.

Jurisdiction: The head office of Dominion Marine, don't hesitate to contact us. As a licensed corporate services provider, we can provide you with high-quality and well-regulated professional services including: company setup; yacht importation into the EU; VAT planning; safety onboard. Dedicated tax and legal specialists.  

Jersey - Dominion Crew Solutions Limited

4 Bond Street, St. Helier, JE2 3NP, Jersey
Tel: +44 (0) 1534 833 460

Jurisdiction: Crew Recruitment and Placement Services (MLC accredited). Providing crew employment and payroll services to over 100 of the world's superyachts, the team looks after their own portfolio of yachts for a personalised and attentive service making sure the needs of the client are met whilst ensuring the crew are well looked after. Efficient and cost-effective. 24 hr assistance.     

Monaco - Dominion Marine SARL 

Le Forum Building, CATS, 28 Boulevard Princesse Charlotte, MC 98000, Monaco
Director: Ken Griggs  Tel: +377 93 10 54 55  

Jurisdiction: The hub of Dominion Marine's operations on the continent. Fully authorised Monaco VAT solution.  

Malta - Dominion Marine Malta

The Hub, Triq Sant'Andrija, San Gwann, SGN 1612, Malta
Manager: Francesca Galea  Tel: +356 27 03 04 22

Jurisdiction: Consultation of yacht ownership. Malta flag registration. Cost-effective Malta leasings. Importation of yachts for free EU circulation. Crewing solutions regarding social security rates. Dispute resolution. 

dominion3

 

Contact Company

Superyacht finance expert joins Dominion Marine SARL

Dominion Marine SARL logo
Ken Griggs
It is time to bring the fun back in to yachting! This is the message from Ken Griggs, recently appointed director of Dominion Marine SARL, the Monaco based company that provides a unique VAT deferment solution for superyachts.



Ken, who has a background in superyacht finance, mostly with Ansbacher London during the boom years of 2000-2007, in which his team wrote over a billion euros worth of marine loans to superyacht owners, is excited about his new appointment.



We asked Ken to explain why he has teamed up with Dominion Marine.



He told us:



“I live in Monaco and have been in the yachting industry for 14 years. Dominion Marine is a company that has been around a lot longer than that and I have known its founder, Chris Allix, since my time with Ansbacher. Chris and his team are extremely knowledgeable, particularly with regards to VAT and the ownership structures that superyacht owners need in place for such high value assets.



It is a complex business that crosses borders and oceans, so you really need the people looking after you to know their stuff.”
Chris Allix founded Dominion Marine SARL in 2013 to provide a rental solution for owners, looking to restore the fun in superyacht ownership. Ken believes this VAT product is of financial benefit to the Principality of Monaco itself, as well as to those superyacht owners who use their vessels for private use, or for the occasional charter. Ken explained what he wants to achieve in his new role: “I am really excited about this new solution, which is unique to the market. Just as the Maltese leasing solution works for some superyacht owners, I believe this solution does too. It is a fully approved product with the potential to benefit Monaco in a big way. The VAT on the rental payments is collected here, which means half of it stays here. Superyacht owners have been hit hard over the last few years due to changes in VAT regulations, the MLC, abolition of duty free fuel and other such legislation. These changes have not been popular. Using this product alleviates some of that and puts the pleasure back into owning a yacht. I believe this is a good product and I hope to increase the number of yachts using it tenfold by the end of the year. ”
Ken explained that all of the paperwork is done in Monaco, which means work for professional services, surveyors and other suppliers based in the Principality.

Superyacht VAT calculator App

Dominion Marine SARL launched a Superyacht VAT Calculator App during the 2014 Monaco Yacht Show. The App works as a comparison tool to calculate the VAT payable on a superyacht by using either a Maltese leasing structure or by using Dominion Marine SARL’s unique Monaco VAT Solution. The choice ultimately depends upon the client's circumstances and requirements. This App is available via free download for both iOS and Android users (see links below).

Contact details

For more information about Dominion Marine SARL please contact Ken Griggs at ken.griggs@dominionmarine.mc or on +33 6 80 86 48 87.

Links & References

Contact Company

<< Back to Articles

There are currently no Surveys in progress for this company.

  • For companies with a subscription we can host reader surveys in this section of your company profile. Surveys can include text, open or closed questions, or multiple choice options.
  • We will promote participation throughout the site and across our social media.
  • At the end of the period, we package and deliver the data in the format you require.
If you are interested to conduct market research, please contact sales@onboardonline.com.