Yachting

Affinity provide a dedicated team of professionals with many years experience in the yachting industry.

We have £2 billion of assets under our administration.

 

We have a large fleet of yachts under our administration and are widely regarded throughout the industry as one of the leading Corporate Service Providers in the Yachting sector.

We act as a link for Owners and Captains to ensure that both are guided and supported through the many requirements, regulations and legislation associated with owning a private or commercial charter yacht.

Our yachting team

Joanne Fennech

Managing Director (Malta)

Andy Morgan - Group CEO

Andy Morgan

Group CEO

Emma Hill

Senior Administrator

Our yachting services

Yacht management

  • Implementation of tax-efficient ownership structures
  • VAT, compliance and administration
  • Multi-jurisdictional EU VAT registrations
  • VAT efficient importation into the EU
  • Administration of the ownership structure
  • Yacht registration
  • Management and administration of crew payroll
  • Liaison with banks and advisors in relation to financing the yacht
  • Registration of mortgages
  • Liaison with legal advisors and brokers in respect of purchase and sale
  • Payment of supplier invoices and management of crew expenditure and limits
  • Preparation of budgets, periodic management reports and annual financial statements
  • Statutory administration services

Andy Morgan

Group CEO

Our journey began in the yachting sector and the many years of experience has acquired us an established list of well trusted intermediaries. Our wealth of experience enables us to meet unique client requirements and exceed expectations. Our expansion has allowed us to span across multiple jurisdictions which offers our clients further diversification and efficient solutions.

Isle of Man  –  Malta  –  Cayman Islands

Our recent yachting articles

renaissance

Renaissance for Isle of Man Yachting Sector?

On 24 December 2020 the UK and the European Union (“EU”) formally announced that they had successfully agreed the terms of a Brexit deal, thus putting several years of negotiations and speculation around the potential repercussions of Brexit to an end. Since the announcement Affinity has been working with our tax advisors to navigate our…

Yacht-management-services

Yacht operators qualify for VAT exemption in 2021 as FCE rules relaxed

Yacht operators can benefit from French Commercial Exemption (FCE) in 2021 even if they have been unable to make the necessary trips usually required to qualify. The Covid-19 pandemic has meant many vessels have not been able to meet the qualifying requirements of 70% navigation outside French waters. However, a relaxation of the rules means…