Abacus has the experience to appreciate that beyond the purchase price, the operating and maintenance costs associated with a yacht can escalate unless its ownership is carefully structured.
Where and when a yacht is used will drive the decision of where to register it. Selecting the right jurisdiction will follow careful consideration of a number of complex issues including privacy, VAT and tax planning.
A professionally managed vessel will mean the owner can enjoy it, keep costs at expected levels and ensure liability for any unforeseen issues do not extend to the owner's other assets. The Abacus team is adept at working alongside maritime experts to protect the interests of our clients.
With different jurisdictions introducing new rules and regulations which can result in far-reaching consequences our team keeps up to speed with developments and rule changes.