KPMG LLC

KPMG LLC

About Us:

KPMG operates as a global network of independent member firms offering audit, tax and advisory services, working closely with clients helping them to mitigate risks and grasp opportunities. KPMG member firms can be found in 155 countries. Collectively they employ more than 174,000 people across a range of disciplines.

KPMG LLC is the Isle of Man member firm that first opened its office in 1978 and has steadily grown to now employ over 100 people across audit, tax and advisory.

What we do:

The VAT regulations in the EU are complex particularly in respect of the use and charter of superyachts. This is due mainly to the nature of the business in that it can span a number of different EU jurisdictions.

KPMG Isle of Man has been advising on the VAT implications of importation and use of superyachts for over 15 years. We have access to a network of advisors located in different EU countries that specialise in VAT and these resources can be pooled to ensure you receive comprehensive and totally independent advice.

Whether considering using the yacht in the EU under temporary importation, using a leasing scheme or chartering the yacht, KPMG can advise on the options, the conditions that need to be complied with and the risks.

KPMG are also ideally placed to assist if you are financing the purchase of a yacht and want a second opinion or independent confirmation of the VAT treatment. Additionally we have employment tax specialists who can advise on tax issues for crew.

Our Core Services:

  • Tax/VAT Advisors

Contact Details:

Contact:
Sandra Skuszka, Associate Director
KPMG LLC
Heritage Court, 41 Athol Street
Douglas, Isle of Man,
IM99 1HN, British Isles
Telephone: +44 1624 681006
Website: www.kpmg.co.im

Other office locations: KPMG member firsm have offices in over 155 countries.

Mann Made Group

Mann Made Group

About Us:

The Mann Made Group is an award winning corporate and trust service provider, headquartered on the Isle of Man. We have been successfully accommodating our clientele for more than 10 years in the corporate and tax sectors particularly in the formation and management of companies and partnerships in all majorly recognized jurisdictions as well as the set-up of trusts and provision of trustees. Depending on the preference, we are able to provide bookkeeping and accounts, bank account opening and signatories, while assuring access to every major financial jurisdiction in the world.

Furthermore, Mann Made Group is able to accommodate a high level of taxation planning, VAT and other advisory services, if required.

What we do:

Mann Made Marine is all about customer service. Yacht owners and their advisors demand and deserve immediate attention by knowledgeable, experienced people who understand what it means to purchase, manage and enjoy a yacht. We offer our clients a single point of contact with at least one dedicated relationship manager we always do what we can to achieve a client’s objectives with a “can do” attitude. We pride ourselves on the level of our technical knowledge, which is supported by excellent in-house advisors in tax, VAT management and compliance.

Mann Made Marine offers a variety of services to accommodate every client’s requirements including Yacht registration, management and administration, Maltese leasing setup, yacht importation, as well as crew related matters and insurance.

We stand proud to be at liberty to provide a spectrum of services at a first-class level.

Our Core Services:

  • Accountants
  • Corporate/Trust Service Providers
  • Tax/VAT Advisors
  • Yacht Management

Contact Details:

Contact:
Christine Otieno, Senior Manager
Mann Made Corporate Services Limited
Second Floor, Atlantic House
4-8 Circular Road
Douglas, Isle of Man,
IM1 1AG, British Isles
Telephone: +44 1624 682131
Website: www.mannmadegroup.com

Other office locations: Cyprus, Ireland, Hong Kong, Malta, UK

PwC Isle of Man

PwC Isle of Man

About Us:

PwC Isle of Man is a leading and trusted professional services firm committed to providing a quality industry-focused service offering of audit, tax, advisory and actuarial services.

Our broad client base ensures we have strong industry insight and experience across all the sectors of the local Isle of Man economy including the shipping and yachting industry.

We are part of a global network of firms in 157 countries with more than 208,000 people delivering quality services. By combining our local expertise with the power of our global network we can deliver smart solutions that address your business challenges.

What we do:

We build relationships with our clients to provide solutions which add value to their business needs.

We work closely with yacht managers, lawyers and other service providers to provide independent and flexible solutions to Isle of Man ownership structures. Our approach is to understand the ownership operating model and its cost and revenue streams to provide practical and commercial VAT and tax advice to achieve efficiency and savings wherever possible. This begins with the introduction, through to the formulation of the business plan to setting up the necessary tax registrations and structures and overseeing final implementation.

We work with the relevant tax authorities in the Isle of Man to provide robust and sustainable tax structuring advice for the longer term.

Access to the PwC global network provides multi-jurisdiction advice and structures to offer an international perspective to our clients.  There is a PwC firm in all of the key cruising grounds, so we are able to call on an unsurpassed wealth of knowledge and expertise.

Our Core Services:

  • Accountants
  • Tax/VAT Advisors

Contact Details:

Contact:
Phil Morris, Tax Director
PricewaterhouseCoopers (Isle of Man)
Sixty Circular Road
Douglas, Isle of Man,
IM1 1SA, British Isles
Telephone: +44 1624 689689
Website: www.pwc.com/im

 

RegisterAYacht.com Limited

RegisterAYacht.com Limited

About Us:

Register A Yacht is the Marine & Corporate Services division of the Sovereign Group.

Established in 1987, Sovereign Group provides a full range of wealth management services from its strategically located office network. Its core business is setting up and managing companies, trusts and other structures.

What we do:

We register, administer and manage both pleasure and commercial vessels in all major flag states.

RegisterAYacht.com advises on a comprehensive range of marine services, which includes:

  • Corporate ownership
  • Yacht registration in all major flag states
  • Radio, EPIRB and ComSat licensing and registration
  • Assistance with surveying and coding
  • Tax and VAT planning
  • Insurance & finance
  • Crew administration
  • Banking and card facilities
  • Payrolls, FX & international payments

Our Core Services:

  • Corporate/Trust Service Providers
  • Crew
  • Insurance
  • Leasing
  • Tax/VAT Advisors

Contact Details:

Contact:
Alex Beetham, Business Development Manager
RegisterAYacht.com Limited
Suite 2B, 143 Main Street
Gibraltar
GX11 1AA
Telephone: +44 207 389 0555
Website: www.registerayacht.com

Other office locations: BVI, Cayman Islands, Cyprus, Isle of Man, Malta, UK (London)

SMP Partners Limited

SMP Partners Limited

About Us:

The SMP Partners Group is a leading corporate and trust service provider offering private, corporate and institutional clients a comprehensive portfolio of professional services. With deep expertise and an unrivalled reputation for client service, we are trusted by local and international clients to meet their most demanding financial challenges.

With a global client base, wealth structuring solutions spanning over fifty different jurisdictions and over one hundred and eighty motivated people prepared to respond, we are able to act thoughtfully, responsibly and promptly in delivering total assurance, anywhere in the world. With broad language capability and banking, legal and insurance partners in all major jurisdictions, our service and capability is truly international.

What we do:

The management of yacht and aircraft ownership structures through our specialist team has been at the core of our business evolution for almost three decades.

Our dedicated Yacht and Aircraft team create and manage ownership structures that provide tax efficient acquisition and operation of the asset, whilst ensuring compliance with ever-changing international fiscal and regulatory requirements.

We can provide support with registration and all aspects of the on-going management of the asset through selected, high grade international partners.

In addition our VAT expertise in this area is renowned and is regularly sought after by professional partners, lawyers and yacht brokers. Before embarking on the acquisition of such an asset, let us share our expertise with you and your advisers; you are sure to value our pragmatic, insightful advice.

Our Core Services:

  • Accountants
  • Corporate/Trust Service Providers
  • Tax/VAT Advisors
  • Yacht Management

Contact Details:

Contact:
Eunan Timmins, Manager – Client Services
SMP Partners Limited
Clinch’s House, Lord Street
Douglas, Isle of Man,
IM99 1RZ, British Isles
Telephone: +44 1624 682206
Website: www.smppartners.com

Other office locations: Hong Kong, Zurich