Luxury Assets
For international owners of luxury aircraft and marine vessels, safeguarding and administering these prized assets demands the very highest level of expertise, discretion and strategic structuring.
Our team of experienced professionals, in the various Dixcart offices, provides a complete service for clients. Professionalism coupled with practical experience help guarantee a smooth process for our clients, whilst they access a range of attractive measures that are available in various jurisdictions.
Our Services
Choosing the right jurisdiction for the registration and domiciliation of a yacht is key. As with any valuable asset, the ownership structure must be carefully considered and the jurisdiction in which the yacht is to be registered is also very important. The flag chosen for registration is one of the most important decisions. Dixcart has extensive expertise in registering yachts in a variety of jurisdictions where we have offices in order to help simplify the process.
Cyprus is one of the most attractive jurisdictions in the EU for yacht registration and leasing. Alternatively, the Channel Islands, close to the UK, offer several advantages; Guernsey is of interest to owners of certain types of pleasure yacht and the Isle of Man is attractive due to a number of tax efficiencies.
The Dixcart office in Madeira (Portugal) has registered yachts in the Azores and in the low tax international business centre of Madeira. The Azores (Portugal) can be a preferred location for yacht importation into the EU due to its reduced rate of VAT. On the other hand, Malta’s yacht leasing scheme and reputation as an international centre of Maritime excellence, makes it a popular choice for yacht registration
Dixcart has extensive expertise in registering yachts in the jurisdictions detailed above. We have an office in each of these locations, which helps to simplify coordination of the structuring and registration processes.
Different jurisdictions offer a number of tax and commercial advantages for the registration of ships.
It is important to understand the characteristics of each jurisdiction and the various tax exemptions that are available. The circumstances of each situation and the objectives that the vessel owner is seeking to achieve must be considered.
The nationality of a ship allows the vessel to travel internationally and the registration will determine which country the ship sails under and which laws it is subject to. Some registers offer financing opportunities.
We have helped a number of shipping clients around the world and offered direct experience of ship registration and expertise. Services include the incorporation of the owner entity, coordinating the appropriate corporate and tax compliance, and registration of the vessel.
The choice of jurisdiction in which to register an aircraft is extremely important. The most appropriate and beneficial jurisdiction will depend on the particular circumstances and the specific objectives that the owner of the aircraft wishes to achieve. We can help you select the right location for the registration of your aircraft.
Dixcart can provide advice regarding the most tax efficient ownership structures. We will then incorporate the appropriate ownership vehicle and undertake the ongoing corporate management and administration, as well as coordinating the registration of the aircraft.
Dixcart Air Marine can assist with:
- Pre-structuring advice regarding the most effective and efficient holding structure.
- Establishing and administrating the relevant ownership structure(s) and coordinating the registration of the yacht, ship or aircraft.
- Accounting services throughout the project.
- Implementation of special purpose vehicles to hold the assets.
- Completion and customs arrangements.
- Administration and management of day-to-day operations.
- Added value services, such as directorships and the provision of corporate office holders.
- Import and exports formalities, including specific customs regimes.
- Asset registration under various registries.
- Advice on value added tax and corporate tax.
- Liaison with other VAT offices and agents in other jurisdictions.
- Costings, budgeting, accounting and statutory obligations.
- Assistance with on-going annual registration requirements.
- Closely monitor costs, budgets, and cash flow in relation to the asset.
- Assistance with crewing, including crew contracts and payroll.
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