Superyacht and luxury asset services in the UAE Key considerations for a new yacht owner How will the yacht be used? How will the yacht be managed? Privately, commercially, a The larger the yacht, the more combination of the two? There will support required. A reputable yacht be di昀昀erent 昀椀scal duties / VAT management company working dependent on use and jurisdiction. together with the owning company allows the client to focus on Size of the yacht? enjoying their time aboard the This will determine which ship yacht. registries are available to use. Environmental concerns? Where will the yacht be sailed? There are several ways to allay Correct custom clearances must be environmental concerns. Consider obtained for chosen cruising areas. joining the International Seakeepers Society or take advantage of new green technology. Where will the yacht be berthed? Does the chosen marina have a large enough berth? If the previous owner sells you a berth there may be a tax exposure. Seek tax advice prior to agreeing the purchase. 13