Yacht ownership will give you and your family memories to last a lifetime. Valuable and complex assets require experienced management.
Our team has the experience to appreciate that besides the purchase price, the operating and maintenance costs associated with a yacht can escalate unless its ownership is carefully structured. A professionally managed yacht will mean the owner can enjoy it, keep costs at expected levels and ensure liability for any unforeseen issues do not extend to the owner's other assets.
ILS World creates and manages bespoke structures for maritime assets with careful analysis of the most suitable jurisdiction to operate, own and register a yacht. We provide tailor made solutions depending on whether the yacht is for commercial or pleasure use and where it will be physically based.
Owners can expect to spend approximately 10 per cent of the purchase price on operating and maintaining a yacht annually and consideration also has to be given to crewing, insurance, fuel, dockage, communications and inspection costs. Our professional team has a global network of contacts it works with to deliver on some of the more technical details of yacht maintenance and the servicing of specialist appliances, motors and engines.
With different jurisdictions introducing new rules and regulations which can result in penalties and far-reaching consequences for ownership structures, our team keeps up to speed with developments and undertakes regular reviews to ensure you're adhering to the latest policies and rule changes.
Due to the complexity of managing such a specialist luxury asset, where necessary we partner and work in collaboration with external accredited experts and acknowledged industry professionals within the maritime industry to ensure we are providing our clients with the best advice.
Why Choose ILS World
As a leading provider of independent fiduciary services to professional advisors, corporate groups, private and digital clients, we are here to help achieve your financial goals.
At ILS World, we don’t restrict ourselves, we like to go beyond the borders. That is why we operate globally. You will find our offices in Isle of Man, British Virgin Islands, Hong Kong, and Portugal.
Share