Owning a yacht is an expense which turns into an investment in joy, happiness and fulfilment. However, there are several disappointment and hidden issues that come with yacht ownerships. SCS Yachting assists you in any steps of the yacht ownership journeys, from purchasing to operations. Our mission is to deliver happiness through high standard professional services dedicated to the yacht world.
YACHT FLAG REGISTRATION
Choosing the yacht’s flag state is one of the most critical decision a yacht owner has to make. The flag state bears the authority and responsibility to enforce regulations over vessels registered there, which in turn has large implications in areas such as tax obligations, liability in international waters, privacy, and whether or not a yacht can be operated as a commercial entity. There is a lot to think about when registering a yacht and a lot of thought is required on issues surrounding flag choice, how to register, whether the vessel is commercial or private and more.
SCS Yachting assists yacht owners or manager on understanding the best location to register each yacht based on the vessel’s VAT status, whether the vessel is new or previously owned, on the owner’s nationality, residency and on the operational and cruising plans. We are specialized in the following flags: Italian, Malta, UK, Bermuda, BVI, and Cayman Island.
YACHT OWNERSHIP STRUCTURE
Thanks to our in house experts, SCS Yachting assists yacht owners to choose the best type of structure and most favourable jurisdiction for incorporation.
We have extensive experience in Italian and Maltese leasing.
If you are thinking on a Malta Leasing structure, please don’t hesitate to contact us. Our Malta office is happy to assist and follow you for all the process.
MANAGING VAT & VAT REPRESENTATIVE
SCS Yachting provides fiscal guidance to yacht owners, captains and yacht managers offering fiscal agency and fiscal representation services to EU and non-EU commercial registered yachts chartering in Italy, Spain, France and Greece. Our team is composed by the most experienced professionals in the matter of VAT and taxation. With offices in Genoa and Malta, operating all around the Mediterranean Sea, SCS by means of its in house experts in commercial law is at your complete disposal to undertake full responsibility for all VAT tasks on your behalf. We are able to provide a comprehensive estimate which includes the complete range of Fiscal Services and VAT Obligations to comply with the laws and rules set by the Tax Revenue Offices of the countries above mentioned.
Our services include:
Collection of documents from the Owning Company / Represented
Full administrative services & compliance
In house fiscal consultants and financial advisors
Extensive professional network in all the Med
YACHT ADMINISTRATION SERVICES
SCS Yachting supports yacht’s owners, family offices and captains for yacht expense payment and accounting. Our multilanguage team can manage yacht expense payments, providing a full management accounting and reporting service for owners, tailored to the specific needs of the yacht.