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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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What are the Rules for EU Yacht Importation?

Sarnia Yachts can help with EU yacht importation
For a yacht to be in free circulation within the EU it has to have been supplied in the EU, imported into the EU or grandfathered in by way of VAT exemption on age.

Yachts Supplied in the EU

If your yacht was supplied in the EU as a domestic supply with VAT applied then the chances are that yacht is in free circulation and no importation is required.

Temporary Admission

If a yacht is operated privately under temporary admission it does not need to be imported into free circulation. Instead the vessel is subject to certain qualifying criteria and is granted what is in effect a “visitor’s permit” for a period of 18 months.

However, you do need to check:

1. That the yacht has not been removed from the EU for a period of more than three years 2. That it has not been sold outside the EU 3. That it has not been removed pending re-entry under returned goods relief (RGR)

EU Entry and Importation

If you plan to buy your yacht from a non-EU shipyard or supplier you will need to consider your entry into the EU and import the yacht at a suitable location where appropriate agents and local legislation mirror your chosen mode of yacht operation. When buying your yacht in international waters you may need to re-import the vessel, but this will depend on: - The flag of the yacht - Where you intend to re-enter the EU - The intended use of the yacht

Country and Regional Requirements

It is imperative that you seek advice when importing your yacht in the EU or obtaining temporary admission as interpretations vary from country to country and in some cases region to region.

Yacht Importation Advice

Sarnia Yachts has over 40 years’ experience in yacht ownership and operational services. Our team is completely focused on the complex world of yacht administration, VAT management, flag registration, crew employment and payroll and corporate yacht ownership.

Specialist Yacht Fiduciary Experience

Our team of 26 experts have decades of specialist yacht fiduciary and yacht operations experience between them and we have offices in Guernsey and Malta. We work with yacht owners, trust and family offices, lawyers and yacht brokers who often call upon Sarnia for our specialist knowledge in flagging, yacht registration or VAT management.

Get in Touch

Contact Bruce Maltwood to discover how Sarnia Yachts can help with the complex world of yacht ownership and administration. Bruce.maltwood@sarniayachts.com

Links & References

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