• Maltese Limited Partnerships, Everything You Need to Know

    Posted: 8th November 2018 | Written by: Bruce Maltwood

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    Sarnia Yachts give us an insight into the world of Malta Limited Partnerships. Also known as a partnership ‘en commandite’ (or Malta LP), they provide a practical and secure method of yacht ownership. They also provide transparency and so protection from benefit in kind taxes, which may otherwise be due in many European countries if the traditional limited liability company is used.
  • WYCC and SGRM Offer New Solutions for Crew Insurance

    Posted: 25th September 2018 | Written by: Don Hoyt Gorman

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    Superyacht crew insurance has barely changed in a decade, despite critical shifts in social policy. Updated solutions are needed. Based in Florida, the international insurance brokers SGRM, have partnered with WYCC Luxembourg, to develop industry leading global health insurance with US coverage. They are also able to offer the only private plan that works directly with French social security’s new requirements.
  • Alternative Solution to TAR (Temporary Admission Relief)

    Posted: 27th August 2018 | Written by: Chris Allix

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    The Mediterranean summer season is in full swing with clients deciding whether or not and how to sail in Europe. As the superyacht industry is aware, European Customs are getting stricter with regard to the operation of superyachts, with two principal methods of clearing Customs. Chris Allix of Dominion Marine explains.
  • What is Meant by ‘Use and Enjoyment’ of a Yacht?

    Posted: 17th August 2018 | Written by: Chris Allix, Dominion Marine

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    Whenever we read about VAT in the superyacht industry we see the phrase ‘use and enjoyment’, but what exactly does that mean? The rules and rates vary between EU member states but they are determined by the state where usage commences. Chris Allix of Dominion Marine explains how these are applied.
  • Dominion Marine: Shaping the Future of Yacht Ownership

    Posted: 2nd August 2018 | Written by: OnboardOnline

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    Last year, Dominion Marine took the opportunity to rebrand its entire business and launched their new ‘DM84’ image and website reflecting the pedigree of a company built on over 30 years of success in the superyacht industry.
  • How do Crew Access Good Financial Advice?

    Posted: 9th July 2018 | Written by: Johanna O'Brien

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    The UK has some of the tightest financial regulations in the world, but the offshore environment still lacks the same level of client protection. Many superyacht crew have fallen prey to bad financial advice, so Johanna O'Brien of Beacon Global Wealth Management highlights five important points to consider when choosing a financial adviser.
  • Ask the Expert: Life Insurance

    Posted: 14th May 2018 | Written by: Simon Dixon

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    Life insurance. One of the dullest topics on Earth UNTIL it becomes urgently necessary. That’s when you wish you had paid a lot more attention to it. Taking the time to get it properly organised, especially in a profession entailing a certain amount of risk on the high seas, is not only wise, it’s essential.
  • The Alternative to Leasing

    Posted: 27th March 2018 | Written by: Chris Allix

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    It is well known within the yachting industry that the EU Commission has issued a notice to Malta and Cyprus that they intend to commence infraction proceedings against them in relation to their leasing schemes. We understand that Malta will defend the scheme with a robust defence, so what is the basis of the EU's attack?
  • Yacht Management in 2018 – How Sarnia Can Help

    Posted: 26th February 2018 | Written by: Steven Marquis, Senior Relationship Manager

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    One of the themes discussed at the recent Superyacht Investor Conference was yacht management and its role for both the owner and the captain. Sarnia’s Steven Marquis summarises why effective yacht management brings value for money and peace of mind to owners and their wealth management team who don’t always have the specialist knowledge required to meet industry expectations and regulations themselves.
  • The Financial Opportunity of the Superyacht Industry

    Posted: 19th February 2018 | Written by: Marcus Sinkinson

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    Have you ever heard of anyone outside of the yachting industry able to save more than 80% of their salary? It’s practically impossible unless you’ve managed to somehow wangle free accommodation and live like a hermit. But for crew, the yachting industry represents an extraordinary financial opportunity that should not be taken lightly.
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