What happens to the multitude of yachts and their crew registered under the British flag (UK, Bermuda, Virgin Islands, Cayman Islands, Gibraltar, Guernsey, Isle of Man, Jersey and Turks and Caicos)? How will future use in the Mediterranean look like and which additional costs arise?
EU opens infringement proceedings against Cyprus, Greece and Malta!
The Maltese and Cypriot leasing schemes can no longer be offered in the known form and Greece has to change its interpretation of the “use and enjoyment” rule under the VAT Directive. These lease structures and “use and enjoyment” rules violate EU law.
GES Maritime S.A., founded 2009 in Luxembourg, is a shipping company with many years of experience in yacht management and registration either with commercial or private flag. The service can be offered as an overall package or just specific subareas such as incorporation of the company for the shipowner, account opening, crew management according to MLC 2006 guidelines, chartering, accounting, all administrative procedures with maritime authorities, tax authorities, insurance companies, classification societies, brokerage agencies as well as consulting and assistance in technical aspects and for purchase or sale of the yacht.
GES Maritime S.A is part of the working group Deutsche Yachten – Superyacht Germany. This is made by a number of select German companies that are active in the build and equipping of yachts of more than 30 metres in length. This working group is part of the German Boat and Shipbuilder’s Trade association DBSV (Deutscher Boots- und Schiffbauer-Verband) in which all relevant companies of the German yachting industry are organised. The aim of the group is to promote yacht-building in Germany and inform about the many services and resources that Germany has to offer this industry. www.deutsche-yachten.de
Press enquieries: Gabriele Hirsch, [email protected]
Deutsche Yachten Press Contact, Detlef Jens, [email protected]