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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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Social Security Changes for Employers of Crew Resident in France

Social Security Changes
The French Decree n°2017-307 of 9 March 2017 is now in force, applying to all yachts both private and commercially registered. Bruce Maltwood, Sarnia Yachts Director explains what this means for yacht owners.

What Does this Mean for Employers?

Any employers of seafarers who are either French residents or who are deemed French residents as a result of the yacht they work on being located in France for more than 183 days a year, now have an obligation to pay social security contributions.

Timeframe for Action

The law came into effect on 9th March 2017, however employers do have until 1 July 2017 to put the arrangements in place. However, this is a significant change and the work required to comply with this law should not be underestimated.

What is this New Legislation?

Social security legislation 883/2004 allows for reciprocal arrangements between primarily EU member states for accrual of credits for contributions paid in another member state. Consequently, if the yacht is EU flagged, contributions can be made to the jurisdiction of said flag state instead of France. Only a percentage of salaries will be subject to social security, due to countries having different salary limitations for contribution calculations with varying levels and caps.

Provide Longterm Protection

Understandably, the actual application is still unclear, as with all new legislation and there are a large number of questions yet to be answered. In the meantime perhaps this should be considered as a way to regularise the position of seafarers and provide them with some protection, both now and also for the future when they do eventually exchange their life on the sea for a land-based job.

July Deadline

Sarnia Yachts is currently exploring all the options and permutations in order to deliver a solution for our existing and potential clients in time for the July deadline. If you have questions about this new social security legislation and how it might affect your crew, please get in touch with Bruce Maltwood via bruce.maltwood@sarniayachts.com

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