The EU has sent letters of formal notice to Cyprus, Greece and Malta alleging that they have not been charging the correct amount of Value-Added Tax (VAT) on yachts. All three countries offer leasing schemes. They now have two months
This month’s widely reported repossession of the M/Y Natita by Goldman Sachs demonstrates how hard private banks work to avoid taking yachts back. The biggest reason that private banks finance yachts, jets or art is defensive. They offer it as
Sailing Yacht A was released from arrest today. Liam Yeats, registrar for the Judiciary in Gibraltar, has told Superyacht Investor that Sailing Yacht A has been released by the Gibraltar Port Authority. The world’s largest sailing yacht was arrested following
The past few years have seen numerous published articles talk about Malta being the number one EU destination for maritime excellence. Many of these articles concentrate on the niche area of what makes Malta advantageous for commercial and pleasure yachting,
NOTE: The below originally appeared as the editorial in our March 18 Superyacht Investor Insight newsletter. To find out more, and sign up for free, please fill out the form on our homepage It is now eight years since the global
Bordered by three continents and twenty two countries it is easy to understand why so many people choose to cruise around the Med’s hotspots. However, there is one thorny issue that I am sure everyone would agree can burst the
Leon Batchelor, managing director, Arc & Co Marine & Aviation, reviews the state of the superyacht finance market. Superyacht Investor: Why would a buyer choose to finance their superyacht? Today’s superyacht finance leverage is at an average of 50%. As
BNP Paribas Wealth Management received recognition in six categories at the 7th annual Global Private Banking Awards. BNP Paribas were named ‘Best Private Bank in France’, ‘Best Private Bank in Europe’, and ‘Best Private Bank for Socially Responsible Investment’. This
Wealth-X, the global authority on wealth intelligence, and Camper & Nicholsons have formed a knowledge partnership that will result in a first-of-its-kind report on the world’s ultra wealthy and the luxury yachting sector. The strengths of the two firms in wealth
Dominion Marine discuss the recent changes to French Exemption for commercial yachts Following the 2013 ECJ ruling against France and the French Exemption for commercial yachts, the French Authorities have produced new regulations BOFIP 1205-15. These regulations set out the
