Yacht ownership structures are changing.
The core needs of delegation, protection from liability, mitigation of taxes, and a desire for privacy are the same. But priorities are changing and variables are evolving.
Owners and their advisers are spending longer planning and executing a structure that best provides the protection they need for their family, crew and vessels.
They are pursuing privacy in a world demanding transparency and seeking mitigation, in a world of tax complexity.
The agents, intermediaries and service providers who work with superyachts need to keep pace with this evolution, focusing on the owners’ goals and building trusted relationships to support these new ownership structures, while streamlining owner interactions, communications, data flows and cash flows.
For our latest Centtrip Guide, The Evolution of Superyacht Ownership, we spoke to leaders and experts from across the industry who provide insights on considerations and the consequences for our unique sector of specialist service providers.
In addition to the drivers of change, the report explores 11 variables that affect the asset structure decision. These include taxation, flag states, geography, demography, technology and, of course, use.
We are enormously grateful to the following for their invaluable contributions:
Dominic Bulfin, Legal Director at Hill Dickinson LLP
Bruce Maltwood, Director of Yacht Services at Praxis
Vincent McCartney, CEO of Camper & Nicholsons’ Corporate Services
Mark Perry, Director of Marine, Centtrip
Ian Petts, European Business Development, Martyn Fiddler
Chris Stokes, Partner at Safehaven Marine Services & PTC Fiduciaries
The evolution of superyacht ownership – get your copy now
“The Evolution of Superyacht Ownership – Insights for partners, advisers and service providers” is available to download, free, today. Over 32 pages, and with contributions from industry experts, the report provides important insights on the evolving variables of asset structure decisions, and on the consequences of those changes.
