Outsourcing requirements such as yacht expense payments, yacht accounting, cash cards, financial reporting, VAT administration and compliance, crew employment and payroll, yacht insurance and flag registration gives owners specialist expertise when they need it most. Sarnia Yachts’ team of specialists can help private owners, family offices or trustees with:
We advise many clients on the most appropriate EU jurisdiction to register their owning company for VAT. Our team will manage the initial VAT registration process and ensure ongoing compliance with the specific rules and requirements for the particular country of registration.
Sarnia offers a unique compliance ‘health check’ for luxury yachts, both at the outset and also periodically through the term of the relationship.
Owners and trustees can tap into our expertise before making a purchase or at any time to ensure the yacht’s structure is up to date and fully compliant. Our health check will review the yacht’s ownership structure, VAT status, flag arrangements, operations and, of course, its safe manning and crewing arrangements.
Naturally, we supply owners and trustees with a fully comprehensive report including recommendations.
Large luxury vessels require significant running expenses and accounts can become complex. Sarnia’s in-house team can manage yacht expense payments on behalf of owners, including the provision of payment cards for crew. We provide a full management accounting and reporting service for owners, tailored to the specific needs of the yacht.
Pre-paid payment cards are an ideal way for senior crew and captains to manage day-to-day on-board expenses. Sarnia can issue and administer the cards on behalf of yacht owners or trustees.