Marine & Aviation
ZEDRA has the expertise and the experience to support all our clients marine and aviation needs. Our specialist team will manage in a seamless and efficient manner all the necessary requirements associated with yacht and aircraft ownership whilst ensuring this meets with full legal and regulatory compliance.
ZEDRA can provide bespoke corporate ownership solutions that are tax and VAT efficient.
If you are a private owner, a family office, corporate owner or advisor ZEDRA can help you cut through the complexities for this type of asset class.
Accreditations:
ZEDRA Isle of Man has Authorised Economic Operator (AEO) status which provides the following benefits for clients:
- Bank guarantees are not required
- Security against VAT potentially due on importing goods is not required
- Fast-tracking of the importation paperwork and procedures
Services
YACHT REGISTRATION There are a vast number of flag states worldwide and therefore choosing the right flag for your yacht can be difficult. In all cases yacht owners should consider prestige, tradition and history, international recognition of high standards and adherence to the Large Yacht Commercial Code when selecting a flag of registry. ZEDRA can provide independent advice and guidance on selecting the most suitable flag to suit the owner’s requirements. Our yacht registration services include: YACHT OWNERSHIP Our dedicated marine team have a comprehensive understanding of the yachting industry and are well placed to assist owners and their representatives in establishing a bespoke ownership structure for their yacht. The very nature of moveable assets means that both captains and owners face cross-border tax complexities and regulatory challenges which should be navigated with careful management. ZEDRA can provide a fully managed service built around the ownership structure which provides continuity and stress-free sailing during the life of the vessel. Our yacht ownership services include: YACHT EU IMPORTATION ZEDRA Isle of Man has Authorised Economic Operator (AEO) status with HMRC which enables clients to benefit from fast-tracking of the importation paperwork and procedures and the avoidance of bank guarantees. Our expertise and the experience in Value Added Tax (‘VAT’) ensures that private or commercial yacht ownership structures are compliant whilst in the EU and ensure their VAT status is protected when outside of EU waters. Our yacht EU importation services include: YACHT ACCOUNTING & VAT REPORTING Tailored to meet your specific needs, we aim to simplify your yacht accounting requirements. We also offer a comprehensive range of trading and treasury support solutions which can significantly increase operating efficiency and minimise running costs and related risks for your vessel. Whether privately or commercially operated, clear and accurate financial management is key to the success of your superyacht’s programme. Our yacht accounting and VAT reporting services include: ESCROW - MARINE ZEDRA has extensive experience in the establishment and management of yacht escrow arrangements. Let us manage the risk and provide peace of mind to contracting parties. An escrow arrangement provides comfort and security by balancing risk between the contracting parties by appointing ZEDRA as an independent third party to hold assets pending satisfaction of agreed contractual conditions. Escrow arrangements are incredibly flexible and are well suited to the sale and purchase of new and pre-owned yachts whether the transaction is for high net worth individuals or corporates or involves third party brokers. Our marine escrow services include: CREW EMPLOYMENT & PAYROLL ZEDRA has a Seafarers’ employment solution setup to provide employment and administration services for the benefit of owners and shore based managers of ships/yachts. Our solution is fully compliant with the Maritime Labour Convention 2006 (MLC2006) and we work extensively with third party advisors, are audited annually by Lloyds Register in the UK and are licensed by the States of Guernsey for Seafarer Recruitment and Placement Services. We use the latest software and continually embrace latest developments in technology to ensure that we are offering truly the latest software solutions available in order to enhance the service provided to not only the Seafarer’s but to the Owners and Managers. Our seafarers’s employment and payroll services include: AIRCRAFT REGISTRATION There are a vast number of aircraft registries worldwide and therefore choosing the right jurisdiction and nationality for your aircraft can be difficult. In all cases aircraft owners should consider prestige, tradition and history, international recognition of high standards and adherence to ICAO standards when selecting a registry. ZEDRA can provide independent advice and guidance on selecting the most suitable aircraft registry to suit the owner’s requirements. Our aircraft registration services include: AIRCRAFT OWNERSHIP Business jets and helicopters owned by private clients or corporate structures are valuable complex assets. The very nature of such moveable assets means that both aircrew and owners face cross-border tax complexities, as well as legal and regulatory challenges which should be navigated extremely carefully. ZEDRA provides a fully managed service crafted to the individual requirements of each ownership structure which delivers continuity and stress-free flying for your aircraft. Our aircraft ownership services include: AIRCRAFT EU IMPORTATION ZEDRA Isle of Man has Authorised Economic Operator (AEO) status with HMRC which enables clients to benefit from fast-tracking of the importation paperwork and procedures and the avoidance of bank guarantees. Our expertise and the experience in Value Added Tax (‘VAT’) ensures that private or commercial aircraft ownership structures are compliant whilst in the EU and ensure their VAT status is protected when outside of EU. Our aircraft EU importation services include: AIRCRAFT ACCOUNTING & VAT REPORTING Tailored to meet your specific needs, we aim to simplify your accounting requirements for your business jet or helicopter. We also offer a comprehensive range of trading and treasury support solutions which can significantly increase operating efficiency and minimise operating costs and related risks for your aircraft. Whether privately or commercially operated, clear and accurate financial management is key to the success of your aircraft’s operations. Our aircraft accounting and VAT reporting services include: ESCROW - AVIATION ZEDRA has extensive experience in the establishment and management of aircraft escrow transactions. Let us manage the risk and provide peace of mind to contracting parties. Escrow arrangements are incredibly flexible and are well suited to the sale and purchase of aircraft and helicopters whether the transaction is for high net worth individuals or corporates or involves third party brokers. Our aviation escrow services include:
