Superyacht and luxury asset services in the UAE Bene昀椀ts of corporate ownership There are many types of entities that can be used to own a yacht. Each has its own merits dependent on the circumstances of the ultimate bene昀椀cial owner and the intended use of the yacht. Professional legal and tax advice Limited liability Aircraft registration should be obtained prior to the Properly set up and maintained Choosing a registry with the highest purchase of a yacht. Ogier has the SPVs limit the liability of the regulatory standards is the number legal expertise to advise on the bene昀椀cial owner to the value of the one consideration. Whether the corporate ownership structure and assets in the structure. aircraft is to be for private use, Ogier Global will provide 昀椀duciary corporate private user or and corporate services for the Con昀椀dentiality commercially chartered will also ongoing management of the SPV. O昀昀shore entities often provide a play a part in choosing the most greater level of protecting the suitable registry. O昀昀shore registries anonymity of the bene昀椀cial owner. provide a greater degree of privacy. Yacht 昀氀ag Commercial charter Each 昀氀ag state has its own SPVs are most suitable for requirements for permitting chartering operations and can individuals to register a yacht. provide a number of personal tax Where the individual does not bene昀椀ts for the bene昀椀cial owners if qualify in their own name for their the structure is properly created 昀氀ag of choice, an SPV from a and maintained. qualifying jurisdiction can be used to own and register the yacht. Financing Many 昀椀nance providers prefer to lend to recognised o昀昀shore structures. 12