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Sarnia Yachts Limited

Navigating the Complex World of Yacht Ownership & Operation

Sarnia Yachts has provided yacht ownership and operational services for over 40 years. With offices in Guernsey and Malta, we formulate and deliver the best, long-term solutions for owners of both private and commercial yachts.
NEW Sarna 160x160

Location Information

PO Box 657
La Plaiderie House
St Peter Port
GY1 3PR
Channel Islands

Regions Serviced

  • World Wide

Products / Services

  • Yacht Fiduciary
  • Corporate Structures
  • EU VAT
  • Yacht Administration Services
  • Crew and Payroll
  • Consultancy and Guidance
  • Flag Registration

Description

Sarnia Yachts provides a diverse and flexible range of services including yacht administration, VAT management, flag registration, crew employment and payroll and corporate yacht ownership.

Trusted by yacht owners, trust and family offices, lawyers and yacht brokers, Sarnia is one of the longest standing fiduciaries in the marine sector with a team of 26 in the Guernsey office and a further two in our new Malta office.

Yacht ownership and operations have become highly regulated with numerous laws and potential pitfalls to be avoided. It’s the details that make the difference and Sarnia guides you through these complexities so you can relax and enjoy your yacht with total peace of mind.

Sarnia is licensed by the Guernsey Financial Services Commission to provide fiduciary services and Malta Financial Services Authority to provide corporate services.

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Clarity on Yacht Charter in Italy

Yacht Charter in Italy
Until recently, it was understood that yachts operating under the French Commercial exemption could also cruise in Italian waters although no formal statement had previously been issued by the Italian authorities.
On 12 January 2017, Resolution N.2/E was issued by the Italian Fiscal Authority ‘Agenzia delle Entrate’, providing clarity on tax exemption for vessels designed to navigate on high seas under article 8-bis of Presidential Decree n.633 of 1972.
This appears to be very similar to the French Commercial Exemption with the same 70% rule being applied in order to obtain VAT exemption for:
- VAT exempt fuelling and provisioning - VAT exempt sales of onboard equipment, components and spare parts for vessels - VAT exempt sales, refit works, repair and maintenance works for vessels
As with any such resolution there are several points that require clarification and this information will follow. Sarnia Yachts will continue to monitor this situation and updates will be issued.
Although this does not mean a big change to the way yachts are currently operating, it does provide clarity on operations in Italy.
Keep up to date on the latest yacht regulatory news via http://www.sarniayachts.com/

Links & References

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