Moore Stephens Superyachts - MOORE STEPHENS WUPPERTAL

S U P E R YA C H T S
26-28 Athol Street
Douglas
Isle of Man
IM99 1BD
British Isles
Tel: +44 (0)1624 662020
Fax: +44 (0)1624 662430
mail@moorestephens.co.im
www.moorestephensyachts.com
Whether purchased for personal enjoyment or as a business
venture, a superyacht represents a substantial investment in
money and in time. So while the rewards of ownership are
varied and almost limitless, they are inextricably linked to
considerations of hard finance.
“Ask a ship-owner which international accountant
he most associates with the shipping industry,
and he will probably say Moore Stephens.”
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Lloyd’s List
EXPERTISE
This is where Moore Stephens comes in – with unrivalled
skill and efficiency. Our aim is to maximise the return
on our clients’ investment and to ensure that the
commitment they have made to ownership is
“Superyacht ownership is about prestige,
elegance, exotic ports of call. It is
about a quest for the ideal. It is
also (in case you had forgotten)
about financial management.”
properly rewarded.
Moore Stephens are international accountants; but our
background and traditions are maritime. Our specialised
knowledge and experience are unparalleled. Our
professionalism is uncompromising. Our service is global
and truly comprehensive.
And, on your behalf, we direct all that expertise to just
one end: to make superyacht ownership plain sailing.
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While it’s true that few things more readily excite the
We can work in tandem with your existing staff,
attentions of the taxman than a yacht, structured
we can provide structured training, we can offer a
ownership can ensure that all is in order and necessary
complete outsourced accounting function: you say
paperwork is in place.
how you want it to work, we make it happen.
We specialise in forming and managing these
structures in chosen jurisdictions.
VAT/TVA
VAT compliance is an unavoidable fact of European
In addition, we offer a complete suite of corporate
yachting. We provide VAT services from our office in
and trust services - from registered office or place of
the Isle of Man – an associate part of the European
business, personal wealth management, directorship
Community Customs and VAT system but, crucially,
and trusteeship, banking and active administration,
independent in other matters, including taxation. This
right down to secretarial support.
combination of independence and privileged links
Our expert assistance pays dividends in many
other areas…
OW N E R SH I P SE RV IC E S
with the Community, together with a zero tax regime
for business, makes the Island unique in offering
substantial financial benefits for the conducting of
YACHT REGISTRY
both Community and international yachting business.
A yacht’s registration is her passport to sail
VAT registration, VAT-paid certificates (EU “VAT
international waters. But the registration process
Passports”), ongoing assistance and guidance, VAT
raises a number of difficult questions. Which flag
reclaims… we offer all these services on a contractual
should your vessel sail under? What is the best way to
or as-needed basis, acting either as manager or as
communicate with the issuing government authorities
Fiscal Agent.
and must this be by a Representative Person?
Which ongoing manning and licensing issues affect
compliance with Flag State requirements and what is
the most cost-effective way to handle them?
When it comes to superyacht registration, we know
the problems. And we have the solutions.
ACCOUNTING
We can help with every aspect of the accounts
function, from day-to-day processing to annual financial
statements. We can also provide management accounts
– monthly, quarterly, half-yearly or annually – to allow
you to track and compare actual costs to budget.
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“While it’s true that few things more
readily excite the attentions of the
taxman than a yacht, structured
ownership can ensure that all is in order
and necessary paperwork is in place.”
C O N S U LTA N C Y
MANAGEMENT
moved off-site and offshore to a secure environment
All yacht owners do not necessarily share identical
where it can be processed and reported quickly,
perspectives or objectives. But whether the chief aim of
accurately and discreetly.
ownership is to protect assets or to gain access to new
markets, it is vital to put in place the right corporate
medium or trust vehicle if the optimal structuring
of vessel ownership, registration and operation is to
Our payroll service is all-embracing, covering not
only crew salaries, but expenses, social charges and
pension contributions.
be achieved. Whatever the client’s needs, we offer a
CREW EMPLOYMENT
solution tailored to match them exactly.
The safe, efficient and smooth operation of a luxury
TAXATION
There are two fundamental taxation criteria for yacht
ownership vehicles and operating systems: compliance
and efficiency. Our tax advisory service is designed to
ensure that those criteria are unfailingly met. And we
will clarify, and offer guidance on, the tax implications
of contracts to buy, sell or build a yacht.
yacht demands a crew with the highest standards in
every area. Our tailor-made, international employment
packages make it a lot easier to attract high-calibre
crew members. They include an outstanding range of
benefits, ranging from health plans and personal and
general insurance, to exceptionally generous provision
for eventual retirement. In addition, we offer help and
advice to all crew members – irrespective of nationality
It’s a fast moving area, so we keep our clients abreast
– on taxation, international bank accounts and credit/
of recent developments with regular updates via
debit cards.
electronic newsflashes and a topical newsletter.
GLOBAL ASSIGNMENTS
FINANCE AND INSURANCE
Our global reach enables us to make introductions and
We act as financial adviser for a wide variety of
service assignments all over the world.
projects for individual and corporate yacht owners,
shipyards, investment groups and leasing companies.
Our experience, contacts and reputation also allow us
to offer insurance packages on a best-offer-best-cover
basis – unbeatable in terms both of cover and value,
“The value of consultancy lies in
its relevance to the real world in
which most of us operate. Good
consultancy covers a lot of ground.”
for yachts and their crew.
Crew payroll
In matters such as ownership and operation – and
no less in crew employment terms and salaries
– confidentiality is vital. This is a key benefit of
outsourcing to Moore Stephens. Information is
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Our location – in a premier international centre of
finance and shipping – is ideal.
We have years of experience in shipping and in yachts
WHY MOORE STEPHENS?
and there is no substitute for that.
We take time to understand the people involved.
We make sure that we know precisely what our
clients want.
Then we make sure that we deliver.
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“Because we are known to be pre-eminent in a highly specialised field.
And because we think and operate globally.”
C O N TA C T U S
Moore Stephens
26-28 Athol Street
Douglas
Isle of Man
IM99 1BD
British Isles
Tel: +44 (0)1624 662020
Fax: +44 (0)1624 662430
Ayuk Ntuiabane
ayuk.ntuiabane@moorestephens.co.im
Clive Dixon
clive.dixon@moorestephens.co.im
Anthony Cashen
anthony.cashen@moorestephens.co.im
Grant Atchison
grant.atchison@moorestephens.co.im
“We speak the language
of superyachts”
www.moorestephensyachts.com
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Moore Stephens Isle of Man is a member of Moore
Stephens International Limited, a worldwide network of
independent firms.
Certain services described in this brochure are
regulated and such services are provided by the
appropriate registered or licensed Moore Stephens
entity listed below.
Moore Stephens Chartered Accountants
Registered by the Institute of Chartered Accountants in
England and Wales to carry out company audit work.
Moore Stephens Trust Company Limited
A company incorporated in the Isle of Man No. 18489C
Licensed by the Isle of Man Financial Supervision
Commission as a Corporate and Trust Service Provider.
Moore Stephens Financial Services Limited
A company incorporated in the Isle of Man No. 111421C
Licensed to conduct Investment Business by the Isle of Man
Financial Supervision Commission.
Moore Stephens Consulting Limited
A company incorporated in the Isle of Man
No. 071416C
Moore Stephens Yachting
Moore Stephens Aviation
Registered trading names of Moore Stephens Trust
Company Limited.
Registered offices: 26-28 Athol Street, Douglas, Isle of
Man, IM99 1BD, British Isles
Moore Stephens Crewing ICC Limited
A company incorporated in Guernsey No. 48540
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MOORE STEPHENS