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...
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...
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...
Even though the EU was formed nearly 30 years ago, there are still a number of yachts operating within the EU under the status of VAT exempt on age. This status is applied to yachts built before 1st January 1985 and also lying within the EU on 1 January 1993. Yachts...
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...
Where charter vessels encounter problems from fiscal and customs authorities we see that these problems have inevitably arisen as a result of reasons, which can be easily avoided. Whilst part of the problem is the varying rules and interpretations between member...
As the new season approaches you might find yourself weighing up the pros and cons of chartering your yacht. Yacht charter has seen consistent year on year growth, albeit with a slight decline during Lockdown last year. However, in a post-pandemic world yachts are...
The Brexit Impact On The Med Fleet There has been much discussion within superyacht circles on the VAT status of yachts post Brexit and equally there has been and continues to be a degree of uncertainty following Brexit. Here we will look at typical scenarios relating...