Placing a yacht into charter management is a good way to reduce the cost of the boat and also offset the cost of ownership.

Business yacht ownership. Youve just come off a fabulous yacht charter in the British Virgins Islands. We urge potential buyers to seek the advice of qualified tax advisors in setting up and operating a yacht as a business. Reasonably many yacht owners want to keep their ownership confidential without having their name appearing on any public official document.

Imagine you could own your cruising catamaran earlier than anticipated. Ah the good life. SmartYacht brings together suitable shareholders - depending on the type of yacht desired location and personal use requirements.

A sensible alternative is yacht co-ownership. Even if you set up a business to own the boat or airplane the same tax restrictions apply. Sharing the yacht with others and thereby reducing the purchase and maintenance costs of the yacht.

The fleet is berthed all together at Westhaven and is professionally managed on behalf of the owners for the benefit of all users by a Fleet Manager. This means that instead of paying tax on your income you invest in your own charter. Yacht Business Ownership When you are not using your catamaran the yacht will generate income which offsets her operating expenses.

Properly set up and maintained corporate yacht structures whether onshore or offshore limit the liability of the beneficial owner to the value of the assets in the structure Importantly the beneficial owners other assets will be unavailable which is to say not available to satisfy judgements against the corporation. Business yacht owners can benefit from substantial tax benefits that quickly create equity in their new yachts. These programs include pre-approved financing guaranteed monthly payments or performance based income.

Thinking of buying a luxury yacht and chartering it when you arent using it for your own pleasure. Owning a Yacht Charter Business. The MRX is a very economical way to own a boat particularly for owners who do not have the time to manage and maintain a.