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...
Yacht Accounting is becoming an ever more complex element of Sarnia Yachts’ range of services offered to its clients and Owners. Gone are the days when yacht accounting consisted of simply paying yacht expenses for an Owner. Yacht Owners, Owner’s representatives and...
With shipyards bulging with orders for new yachts, there is expected to be an explosion of deliveries in 2022 and 2023. Issues arise well before delivery and Sarnia Yachts has been busy assisting Family Offices, Owner’s Reps and other advisors to ensure these...
The Sarnia Yachts Yacht Ownership and Yacht Registration teams were set quite a challenge recently by a long standing client. With a charter booked just 14 days after a delayed delivery of a new yacht from an Italian yard, the client asked if the Sarnia Yachts team...
The last 18 months of lockdown has given us the opportunity to make some exciting changes at Sarnia Yachts with the introduction of Yacht Management to complement our current Ownership and Crew services. We have also expanded our team in our Southampton office to 13...
In our latest interview with Onboard Online, Group CEO Tim Joyce and Bruce Maltwood, Director, discuss the Next Evolution of Sarnia Yachts. As the yachting industry has evolved owning a superyacht has become more complex. Drawing on half a century of industry...
In an interview with Onboard Online, Bruce Maltwood, Director at Sarnia Yachts, discusses the developing complexities of a fiduciary business operating in the superyacht industry, what actions owners and charterers need to explore post-Brexit and how Sarnia...
Many yacht owners choose to live in the UK even though they do not originate from the UK. They fall into a category known as UK resident, non-UK domiciled individuals. This arrangement provides the owner with a beneficial tax regime in the UK but there are some...