Yacht Ownership

Whether you choose to operate your yacht privately or commercially, getting the appropriate ownership structure in place from the outset is essential to its success and ongoing operation.

With a depth of expertise, experience and knowledge that is unrivalled in the corporate service industry, Knox House Trust is able to create tailored ownership structures that are both tax efficient and able to achieve maximum operational efficiencies. Our team has proven capabilities in providing ownership structures in multiple jurisdictions, the choice of which is dependent upon your individual requirements.

EU Yacht Importation

We can assist owners with the EU importation of their commercially registered yachts. Our services also extend to assisting owners with full and temporary importation of their private vessels, if the qualifying criteria is achieved.

We can assist with:

• Providing VAT advice on both commercial and private yacht ownership
• Structuring solutions for asset protection in a variety of recognised jurisdictions
• Advising on acquisitions and sales
• Advising on the general tax ramifications of ownership

Yacht Registration & Isle of Man Representative Person

The choice of Flag and Registry is an important decision for owners and Knox House Trust can register both commercial and private yachts with all internationally recognised ship registries.

Knox House Trust is approved by the Isle of Man Ship Registry as a Representative Person and we work closely with the Registry. Over the years the Registry has built a reputation as one of the world’s most prestigious flag states with a “can do” attitude, offering the very sought after and internationally recognised red ensign flag.

Management & Administration

The choice of Flag and Registry is an important decision for owners and KHT can register both commercial and private yachts with all international recognised ship registries.

Crew Payroll

We are able to provide full crew employment and payroll services to assist owners and to ensure they comply with crew employment legislation, EU national insurance/social security and contribution requirements.

Our crew payroll services include:

• Payment of crew salaries in all currencies
• Drafting of crew contracts and ensuring they are MLC 2006 compliant
• Elimination of NI liability for owners
• Ongoing review of crew certifications
• Monthly pay slips for crew

Technical Services

Through our network of providers, we can arrange on-board inspections, preparation of ISM manuals and ensure that the necessary port state control paperwork is handled. A qualified shore-based manager will also be provided who can implement the design and audit of an approved SMS. You can rest assured that your “Designated Person Ashore” is experienced and available to provide support when it is most needed.

Insurance

Through our network of insurance providers, we are able to obtain fully comprehensive and competitive insurance policies for owners and their yachts.

Finance

Through our network of marine finance specialists, we can assist owners with securing competitive loan terms tailored to the owner’s individual requirements.