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Legal & Finance

Clamp Down on Safety for PWCs in France

Posted: 25th Jul 2016

Written by: OnboardOnline

Reports have been circulating about a number of yachts in French waters having been stopped by the Gendarmerie Maritime for not having lights fitted to the buoyancy aids used by guests operating personal watercraft (PWCs). Read More

Financial Benefits of Residency for Yacht Crew

Posted: 22nd Jul 2016

Written by: Patrick Maflin

Whether you are career crew or just passing through, it's important to make informed financial decisions early on in your career as this will affect your financial options later on, particularly when it comes to investments and bu... Read More

Local Agent Mandatory for Vessels Over 45m in Croatian Waters

Posted: 14th Jul 2016

Written by: OnboardOnline

The Croatian government has announced a new regulation requiring superyachts above 45m cruising in Croatian territorial waters to appoint a local agent. This is an extension of EU Directive 2002/59/EC, which used to apply only to... Read More

BREXIT: UK Mortgage Opportunities for Yacht Crew

Posted: 8th Jul 2016

Written by: Patrick Maflin

With uncertainty comes opportunity, and yacht crew will already be reaping the benefits of a weaker Pound if they are paid in Euros or Dollars. For anyone wanting to enter the property market there is also further good news as the... Read More

Positive Result On Declaration of Cabotage in France

Posted: 25th Jun 2016

Written by: Pat Sakellari

MYBA, the Worldwide Yachting Association is pleased to announce that the French authorities have agreed to remove a large portion of the yachting sector from its Décret Etat d’Accueil legislation. With immediate effect, commercia... Read More

Britain is Out, What Now?

Posted: 24th Jun 2016

Written by: Patrick Maflin

When the world woke this morning social media and the news outlets were ablaze with the news 'Britain has voted for Brexit'. The UK is in a state of shock and despite the many polls during the referendum, nobody could have predict... Read More

Brexit: The Case to Remain

Posted: 31st May 2016

Written by: Kevin Tullett

Voting ‘yes’ or ‘no’ means people will be forced to take a ‘side’ - its easier than sitting on the fence. As Brits, we enjoy a healthy debate but the media is hardly inundating us with facts, so each vote cast on 23rd June will a... Read More

Brexit: Sailing into the Unknown?

Posted: 28th May 2016

Written by: Patrick Maflin, Marine Accounts

Ever since the referendum was announced, politicians and finance experts have been confusing the general public with crystal ball statistics. So, let’s look at the nuts and bolts and how Brexit would affect you personally as a Bri... Read More

Tax Compliance in Light of Panama Papers Leak

Posted: 22nd May 2016

Written by: Patrick Maflin

The Panama Papers leak revealed details of more than 200,000 offshore entities, the main focus being on senior politicians and public figures. However, the knock on effect for those of us without billions to hide in offshore accou... Read More

Currency Exchange for Superyachts & Yacht Crew

Posted: 20th May 2016

Written by: Kevin Tullett, Infinity International

Infinity International provides unbeatable currency exchange rates for superyacht owners, yacht management and yacht crew, with effective strategies for protecting your interests at home and abroad. We are FCA regulated, offering ... Read More

9 Steps Mortgage Guide for Yacht Crew

Posted: 22nd Apr 2016

Written by: Patrick Maflin

Buying your first home or buy to let is an event that will stay with you for life, mainly for all the right reasons! However it can be a daunting experience nonetheless as there are lots of parts to the process that as a first tim... Read More

French Commercial Exemption: Has the veil been lifted?

Posted: 9th Mar 2016

Written by: Janet Xanthopoulos

There has been a lot of confusion since June 2015 about the new French Commercial Exemption conditions and enactment of the new French regulations governing VAT exemption. If the new conditions are more precise, there are still ma... Read More

US Seafarers: The Intelligent way to Declare Income

Posted: 26th Feb 2016

Written by: Patrick Maflin

If you asked a cross section of yacht crew what it was about the job that keeps them coming back I’m sure most would say that it’s the travel and lifestyle but, there are those like myself who may be a little more candid in acknow... Read More

When are Seafarers 'ordinarily working in the UK'?

Posted: 12th Feb 2016

Written by: Heidi Watson & Mark Howard

The Administrative Court has recently had to grapple with the issue of whether seafarers, who work on vessels which spend all or most of their time outside the UK, qualify for automatic enrolment into a UK-based pension scheme. Read More

Seafarers Earnings Deduction: HMRC’s Best Kept Secret

Posted: 8th Feb 2016

Written by: Patrick Maflin

The Seafarers Earnings Deduction (SED) as it has become known is a unique piece of tax legislation that allows seafarers to claim a 100% tax exemption on their foreign earnings. It stands as testimony to a bittersweet battle fough... Read More

Mortgages: Alan Bond & Credit Ratings

Posted: 2nd Feb 2016

Written by: Patrick Maflin

The rise of Alan Bond has always been a fascination of mine. How did this sign writer end up bank rolling an America’s Cup team and owning Channel Nine? While numerous rumours abound, and the nature of the man was complex, one thi... Read More

Dominion Marine - The Monaco Solution

Posted: 27th Jan 2016

Written by: Karen Hockney

The superyacht sector generates thousands of jobs and billions of euros for France and Monaco each year. A high percentage of the world’s superyachts pass through both jurisdictions every summer, or berth in one of the many pleasu... Read More

A Rough Guide to Buying Your First Rental Property

Posted: 22nd Dec 2015

Written by: Patrick Maflin

It seems in yachting that a true measure of one’s success is not whether you have made the rank of Captain or worked as Chief Engineer, but rather the number of houses you own. Depending on your chosen area and the term of your i... Read More

Advice on SEAs for Large Yachts

Posted: 3rd Dec 2015

Written by: Nautilus International

As the world of yachting has developed it has become an integral part of the wider maritime
industry. It is adopting similar approaches to technical and crew management, and mainstream human resource management processes are beco...
Read More

Filing as a Seafarer in the UK: My Story

Posted: 18th Nov 2015

Written by: Patrick Maflin

When I first joined the industry as a deckhand I had been advised rightly or wrongly at the time to get a captains letter and open an offshore account. I noticed that all of my other crew members were doing this and so I simply ... Read More

VAT Changes to French Commercial Exemption

Posted: 16th Nov 2015

Written by: Dominion Marine

Following the 2013 ECJ ruling against France and the French Exemption for commercial yachts, the French Authorities have produced new regulations BOFIP 1205-15. These regulations set out the exact requirements for a charter yacht ... Read More

Yacht Engaged in Trade (YET) - Compliance Explained

Posted: 4th Nov 2015

Written by: Mark Robinson

Yacht Engaged in Trade or YET, the new initiative by the Republic of the Marshall Islands Registry, was the hot topic of the moment when launched at Monaco Yacht Show 2015. The initiative certainly raised some eyebrows while also ... Read More

Myth Busters: UK/ Spanish Tax Treaty

Posted: 15th Oct 2015

Written by: Patrick Maflin

The Seafarers Earnings Deduction (SED) is arguably the taxation scheme of choice for most Seafarers nowadays working on foreign going yachts. It is open to all EU member states whose citizens qualify as resident in the UK under th... Read More

What to do with End of Season Tips?

Posted: 13th Oct 2015

Written by: Horizons Financial Services

Many yacht crew are lucky enough to end the season with some healthy tips… in cash! Is there anything that can be done with these to prevent you having to walk around with a bundle of notes or stowing it under your mattress? Read More

PYET: Solution for Dual Use of a Yacht in the Med

Posted: 12th Oct 2015

Written by: Janet Xanthopoulos

After nearly two years of hard work along with the Republic of the Marshall Islands (RMI) Registry, WES, the French Customs and the Port State Control Authorities, Rosemont Yacht Services announces a new solution to help owners ov... Read More

The Superyacht Industry is Changing

Posted: 2nd Sep 2015

Written by: Jenny Oliver/Dominon Marine

The pressure is mounting in the European Union for all member states to reduce their budget deficits. The northern European countries are becoming increasingly intolerant of fiscal indiscipline in the south, and are pushing a very... Read More

Myth Buster: UK Residency Laws

Posted: 31st Aug 2015

Written by: Patrick Mafin

Residency lies at the the heart of any tax debate and the difference between being resident or non-resident in the UK can often result in an individual paying tax or not. In recent weeks we have been receiving a growing number of ... Read More

Paris Memoranda of Understanding (MoU) on Port State Control

Posted: 29th Jul 2015

Written by: PYA

The PYA would like to inform you that the Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) on Crew Familiarization fo... Read More

Foreign Crew in the US: Visa Dos and Don'ts

Posted: 18th Jun 2015

Written by: Northrop & Johnson

Recently, there has been a flurry of complications surrounding yacht crew and B1/B2 visas. In an effort to obtain a better understanding of the underlying issues, Northrop & Johnson Crew Services Manager Duncan Bray not only sat d... Read More

Requirements for Non EU Flagged Yachts in EU Waters

Posted: 18th Jun 2015

Written by: PYA

The requirements concerning all non-EU flagged vessels and all vessels with non-EU crew on board are currently in particular focus by the Mallorcan Police Border Office. Read More


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