Yacht Administration
The team of multi-professional personal at DF Marine renders us unique amongst other service providers in the yachting industry. DF Marine provides its clients with a comprehensive service because any international structure, however simple or complicated, needs to be properly administered if the owner wishes to maintain its efficiency and efficacy.
We believe that a proper administration is crucial for any owner to be able to enjoy his yacht, or a manager to reap the full benefit of a charter activity. Unfortunately, along the years we have encountered scenarios where owners, captains and managers act carelessly in this regard, or even worse leave administrative work unattended, risking losing the benefits of carefully planned tax structures, or holding a yacht, or structure, which can’t be justified in the light of a tax investigation. An improper administration could even simply mean running a yacht in an inefficient manner.
Yacht Administration is a core service at DF Marine and our experience and know how enable us to provide accurate and timely advice, as well as effectively handle the administrative day to day matters, to ensure our clients peace of mind. Our services include, amongst others:
- Critical legal and fiscal advise relating to yacht holding structures
- On-going advise relating to statutory compliance from a legal, fiscal and financial aspects
- Opening and Administering bank accounts (mainly via internet banking systems)
- Setting up appropriate working procedures for book-keeping, receiving and effecting payments
- Expenditure monitoring (including cash flow analysis)
- Budgets
- Crew payroll
We understand that any owner and yacht manager need to keep control of their yacht and therefore all our structures are studied to be transparent, and enable ownership and management to have a clear picture of the situation at all time.
Please contact us to enquire how DF Marine may help you in your yacht’s administration, and suggest, and implement, correct working practices.
