Marine

Delegate your responsibilities of owning a marine vessel, giving you the freedom to enjoy your yacht to the full.

Our range of yacht services includes:

• Yacht/ship registration
• Yacht/ship management and administration of the ownership structure
• Advice on which ownership structure to use and the set up and administration of the yacht owning company, trust or foundation
• VAT advice, registration and compliance
• The provision of a representative person
• Crew payroll and crew benefit packaes
• Crew placement
• Brokerage services
• Project management – new constructions and vessel refits
• Bookkeeping and accounting

A1 Global Formations can provide structuring for the purchase and operation of a vessel and full corporate compliance within the selected jurisdiction.

We are able to tailor structures to minimise or eliminate purchase VAT and allow for VAT incurred during the running and maintenance of a vessel to be fully recovered. We provide through or third party a specialist tax advisory service to ensure that you are made fully aware of the tax implications of contracts to buy, sell, build or lease a vessel always providing full-evidence of the vessel’s tax status if required.

Vessel owners are now facing increasing employment liabilities resulting from changes in international regulations and practices. We have developed a solution that provides a confidential crew employment package that, whilst minimizing costs, is legally compliant with Maritime Labour Convention (MLC) and Flag State rules.

Asset protection and preservation Estate, succession and tax planning, including minimising inheritance tax Inheritance management and the avoidance of forced heirship Provisioning for the future needs of children or other dependents Holding of private wealth and the retention of family property.