What Next? Things to Consider When Planning Your Yacht Fiduciary Services
When selecting a suitable ownership structure for the registration of a Private Yacht, which will benefit from TA within EU waters, we would suggest checking the following broad criteria.
Choosing a Jurisdiction for the Holding Structure
Strong economic international standards – a minimum ‘A rating’. (S&P / Moody’s)
Robust legal standards.
An OECD Whitelisted jurisdiction with a strong reputation for compliance and netherlands mobile database transparency.
Beneficial tax regime taxes.
To assist with the specialist advice, corporate structuring, and administration of the Yacht, we would recommend ensuring that your service provider ticks the following boxes:
Geographic location – with relation to the local tax regime and time zone (for accessibility and ease of dealing).
A proven track record –how established the provider is in the sector, as well as familiarity with this category of service.
Access to experts – with many providers, their scale often prevents direct and regular dealings with senior qualified staff members; you will want access to experts whenever you have a query or action that is required, and not to always have these dealt with by juniors.
Your business is valued – in an ideal situation, your business will be a priority to the provider, not just another client on the books. Finding a provider that is adaptable and responsive is key to service excellence.
Choosing a Yacht Fiduciary Service
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