News & Insights

Malta Social Security Rates 2023

Malta Social Security Rates 2023

EU Regulation 883/2004 states that seafarers who are either citizens or residents of the EU/EEA or Switzerland and, who are employed on board a vessel flying the Malta flag, must be insured under Malta’s Social Security system. For non-EU citizens/residents, there is...

US owners charter their yachts in Europe?

Many US yacht owners want to cross over to Europe to enjoy one or more seasons in the cruising grounds offered within the Mediterranean. If these owners wish to charter their yachts during this period in EU waters, this is certainly possible, but a number of important...

Shipyard Works – Handle with Care!

When undertaking shipyard refit works, especially when considering using Inwards Processing Relief to zero rate VAT on works,(often referred to as TPA), owners should take care. The popularity of the TPA process for shipyard works has increased year on year however,...

Temporary Admission (Importation) 2021

Even though the current regulations surrounding Temporary Admission (often referred to as Temporary Importation or "TI") have been in place since 2001, we still receive calls on a regular basis asking how long a yacht can remain in the European Union while operating...

Winter Yard Periods – the Devil is in the Detail!

With many yachts spending time in a shipyard over the winter period, even if for routine maintenance, insurance is one element that is often overlooked when selecting a yard. Some yards have limited insurance cover and some have nothing at all.  Making sure that you...

Bespoke Yacht Accounting Services added to the Sarnia Yachts Portfolio

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...

Temporary Admission (Importation)

Even though the current regulations surrounding Temporary Admission (often referred to as Temporary Importation or ""TI"") have been in place since 2001, we still receive calls on a regular basis asking how long a yacht can remain in the European Union while operating...

Contact Us