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Our signature is our yachts every zebama yacht is a work of art. Our signature is our yachts
every zebama yacht is a work of art.
It has been about five years since Zebama Yachts changed management and embarked on a path of reinvention. A successful journey in this short time led Zebama to launch the Exclusive range in 2016. Behind the big name there is a big idea, which is to build yachts that will meet the high exclusive level, but still remain affordable mass-produced yachts.
The lineup includes larger yachts, with the Zebama 63 Exclusive being launched first , followed by the ZEBAMA 56 Exclusive, which takes all the best from the 63 but is even more accessible to cruisers. Thus, the goal is to provide the shipyard’s customers with a large, comfortable, and luxurious yacht, but not so large that the owner has to hire a crew. Based on this philosophy, the yacht must be affordable!
Luxury Yachts - Top Tips for Effective Tax Registration
Where to moor for more benefits
The key is choosing the right jurisdiction to register and domicil the yacht. Tailor-made for your luxury yacht.
Malta’s reputation as an international center of maritime excellence makes it a popular choice for yacht registration. This applies both to commercial registration, in which the yacht takes on commercial charter service and to pleasure registration, where chartering is popular.
Cyprus is another attractive jurisdiction in the EU for the registration and charter of yachts.
Alternatively, the wool jersey, near the UK, is of interest to owners of certain types of pleasure yachts, and the Isle of Man is attractive due to a range of effective tax rates.
Dixcart’s Madeira (Portugal) office registered yachts in the Azores and Madeira’s low-tax international business center. The Azores (Portugal) may be the preferred destination for importing yachts into the EU due to the low VAT rate.
Whether you are a potential buyer or an existing owner, these top tips are for you.
Registering your luxury yacht – talk to a consultant
Consultants are often required to direct clients to the most appropriate jurisdiction for the ship’s flag. Historically, consultants have favored proven jurisdictions, but in today’s competitive world, other issues such as perception of jurisdiction, international transparency, time differences, appropriate legal systems, experience, and rising costs associated with certain jurisdictions are increasing in importance.
“Best practice” for choosing an appropriate flag usually involves considering the following criteria:
Strong international economic standards – minimum “A”.
Reliable legal system.
Commercial register – emphasis on service and response.
High performance in safety, security, and environmental protection.
A jurisdiction that is whitelisted by the Paris and Tokyo Memorandum of Understanding (Paris/Tokyo MoU) and has a low-risk rating.
Jurisdiction is based on reputation, compliance, and transparency.
A jurisdiction with low registration costs, simplified bureaucratic procedures, and a suitable tax regime.
Owners choosing a flag outside their country of residence do so for one of the above reasons. Just remember that once you have chosen your vessel’s place of registration, some of that particular country’s laws may apply to your yacht, as the yacht is considered an extension of the country it is under the flag.
VAT is charged on any goods imported into the EU, and yachts are no exception. VAT is also charged on the commercial use of such yachts in EU territorial waters. Therefore, it is important to understand how VAT affects you.
As expected, EU member states have different VAT rates and also have their own interpretation of some EU VAT directives. There may also be local practices that differ from those in other countries, so it is important to speak with a professional advisor to clarify the laws and procedures that may apply to you. After payment of VAT, the yacht can move freely within the EU.
On the other hand, any private yachts owned by non-EU residents registered under a non-EU flag may be eligible to enter EU waters for up to 18 months without VAT on a temporary import basis. If this applies to you,
Legal entities can register yachts and this is the option chosen by most yacht owners. Most yacht owners will choose an LLC to reduce their personal liability associated with the yacht, but there are alternatives.
But why? What are the benefits? One of the most common reasons is limited liability. By registering a yacht with a limited liability company, the owner can reduce his personal liability and protect his personal assets.
In addition, if the decision is made to sell the yacht by holding it under a legal entity, the transfer of shares from the holding company to the buyer becomes much easier, especially if the buyer wishes to retain the existing structure, crew, flag, and customization. Instead of selling the yacht, the owner may sell the company itself, which may be exempt from sales tax, depending on the circumstances.
When a shipowner decides to register his yacht or ship, it is important to consider the appropriate ownership structure. This can have serious implications in terms of ship management and possible tax implications.
Structured ownership can provide different opportunities in terms of yacht acquisition and subsequent operation. The problem is getting it right.
Dixcart Air Marine can assist clients with yacht registration in a number of jurisdictions, provide a full range of services in terms of establishing and managing a legal entity, ongoing maintenance of the yacht registration itself, and additional concierge services, from assistance with crewing, including crew contracts and payroll fees.
For more information, please contact firstname.lastname@example.org or your usual Dixcart contact.
Dixcart Trust Corporation Limited, Guernsey: Full fiduciary license issued by the Guernsey Financial Services Commission. Company registration number in Guernsey: 6512.
Dixcart Management (IOM) Limited is licensed by the Isle of Man Financial Services Authority.
The Majesty of Superyachts: A Glimpse into the World of Luxury and Engineering Marvels
Superyachts, also known as luxury yachts or megayachts, represent the epitome of opulence, elegance, and sophistication. These floating palaces offer their owners and guests a truly unparalleled experience, merging the excitement of the open sea with the comfort and luxury of a five-star hotel. In this article, we will dive into the fascinating world of superyachts, exploring their history, design, technology, and the lifestyle that they embody.
The History of Superyachts
The idea of a superyacht emerged in the early 20th century when wealthy individuals started commissioning larger, more luxurious yachts to accommodate their desire for comfort and style. Early examples of these extravagant vessels include the 85-foot “Aphrodite” built-in 1908 for millionaire John Jay White, and the 233-foot “Nahlin,” constructed in 1930 for Lady Yule, a British heiress.
However, it was not until the late 20th century that the superyacht industry truly blossomed, fueled by a growing number of ultra-high-net-worth individuals and the desire for ever-increasing levels of luxury. Today’s superyachts are often over 100 meters (328 feet) in length and boast a vast array of amenities and technological innovations.
Design and Construction
Superyachts are a marvel of modern engineering and design, requiring a highly skilled team of naval architects, engineers, and designers to bring them to life. Each superyacht is a unique creation, tailored to the owner’s specific desires and requirements.
The process of designing and building a superyacht typically takes several years and involves numerous stages, including concept development, exterior and interior design, and detailed engineering. Construction takes place at specialized shipyards around the world, such as Lürssen, Feadship, and Benetti, which have expertise in crafting these magnificent vessels.
Materials used in the construction of superyachts include steel, aluminum, and advanced composites, ensuring not only durability but also weight reduction for increased performance and fuel efficiency. The interiors are then fitted with exquisite materials, such as rare woods, marble, and precious metals, to create a truly bespoke environment.
Superyachts are often equipped with cutting-edge technology, both for navigation and entertainment purposes. Advanced propulsion systems, such as hybrid powerplants and innovative hull designs, allow these vessels to achieve impressive speeds and fuel efficiency while reducing their environmental impact.
On board, guests can enjoy a wide range of amenities, including state-of-the-art audiovisual systems, satellite communications, and advanced security features. Some superyachts even come equipped with helipads, submarines, and fold-out beach clubs, providing an unrivaled experience for the owner and their guests.
The Superyacht Lifestyle
Owning a superyacht is not just about having a luxurious vessel; it’s about embracing a lifestyle that is exclusive, adventurous, and indulgent. Superyachts provide the perfect platform for exploring the world’s most remote and beautiful destinations, such as the Mediterranean, the Caribbean, and the South Pacific.
A typical day aboard a superyacht might involve a morning swim in the crystal-clear waters of a secluded cove, followed by breakfast served on the sun deck by a professional crew. Afterward, guests could indulge in a spa treatment, take a thrilling ride on a jet ski, or explore the surrounding area in a custom-built tender.
Evenings aboard a superyacht are no less spectacular, with sumptuous meals prepared by world-class chefs, followed by cocktails under the stars and private screenings of the latest films in a state-of-the-art onboard cinema.
The Future of Superyachts
As the demand for even larger and more luxurious vessels continues to grow, the superyacht industry is constantly pushing the boundaries of what is possible. New designs are incorporating eco-friendly technologies, such as solar energy and hybrid propulsion systems, to reduce the environmental impact of these vessels.
In addition, the superyacht industry is exploring new ways to enhance the onboard experience, from virtual reality installations to cutting-edge wellness facilities. With this constant drive for innovation and progress, the future of superyachts looks set to be even more awe-inspiring than we can imagine.
In conclusion, the world of superyachts offers a unique blend of luxury, adventure, and engineering marvels. These magnificent vessels are the ultimate expression of opulence and a testament to human ingenuity, allowing their owners to explore the world in unparalleled style and comfort.