Global private wealth and corporate services provider Praxis has completed the acquisition of Sarnia Yachts. The deal, which was initially announced in mid-May, adds a diverse range of services, including yacht ownership, yacht management, crew management, yacht...
Sarnia Yachts has today announced that, subject to receiving regulatory and competition authority approval, it is being acquired by independent global private wealth and corporate services provider Praxis, in a strategic move that will expand its existing yacht...
The yacht charter industry has been around for several decades now and in the early days, yacht chartering was a less formal and rigorous transaction than it is today. Fast forward to 2018 and what we have now is a complex arrangement involving a myriad of various...
Charter rules in Greece have been pretty relaxed in recent years, despite other EU countries introducing VAT on charters. As long as charters either started or finished outside of Greece then there were no requirements to charge VAT on the charter and, in turn, no...
Last month, Patrick Spiteri, Director of Sarnia Yachts’ Malta office, attended the sixth Annual Opportunities in Superyachts Conference; hosted by Andrew Charlier, Partner, Global Head of Yachts & Superyachts, Ince & Co. With a full schedule, Patrick reports...
Following Croatia’s accession to the EU on 1 July 2013, the VAT rate for Croatian charters has been set at 13%. An inspection of documentation and equipment must be undertaken upon arrival into Croatia and prior to commencing charter operations. Upon entering Croatian...
Day two of Superyacht Investor London proved to be as informative as the first. Alasdair Milroy, Sarnia's Group CEO reports back with this summary... Session 1: Building Yachts in 2018 During the first session of the second day of the Superyacht Investor conference,...
The first day of the Superyacht Investor London conference had a packed schedule and the sessions proved to be insightful and topical. Three of Sarnia Yachts’ directors, Alasdair Milroy, Bruce Maltwood and Patrick Spiteri, attended the conference and reported back...
Feedback from the MYBA Charter Show in Barcelona show was very positive, with everyone agreeing that it was refreshed and re-energised after 17 years in Genoa. As expected, the main topic of conversation was the new Decree 21/2017, with most people agreeing that the...