Superyacht Administration

Superyacht Administration

Fiduchi can provide assistance with all the various aspects of yacht ownership. Crew employment, payroll, Insurance and Financial reporting are just some of the services we provide. The particular needs of each client, like the specifications of many yachts, are unique. Over time we look to develop a close relationship with our clients in order that we can better understand matters that are important to them.

Crew employment and payroll

With the complexities of employment legislation and the specific requirements of each flag state to consider, it is important that the correct framework is put in place to protect the interests of crew members and the beneficial owner of the yacht. Based in Jersey we are not part of the EU/EEA so we are ideally placed to provide a full range of employer options. We have a dedicated structure through which crew employment and payroll can be managed, or this can be administered through an owner’s bespoke incorporated cell company structure. The social security regulations in the EU are complex and it is therefore beneficial to arrange payroll through an offshore company structure.

Financial reporting

Running a yacht, paying crew, paying invoices for expenses and, where applicable, the filing of VAT returns, requires specialist knowledge and we have the capability within the Fiduchi Group to provide all accounting and administration services, including the provision of bank accounts and debit/credit cards.  

Insurance

All yachts should carry comprehensive insurance and cover will vary dependent on the yacht’s specific requirements. Cover will generally include war risks and piracy, kidnap and ransom as well as insurance for professional yacht captains and crew. Yacht insurance typically covers the yacht’s hull, machinery, equipment and fixtures and fittings on board and can be arranged to include furniture and antiques on board, tenders, water toys, provisions, and personal contents. All yacht insurance packages should offer P&I (protection and indemnity) as standard to insure the owner’s legal liability against third parties, guests and crew.

Fiduchi consults with a range of trusted insurance companies and independent brokers to ensure the vessel has the best possible insurance package.

Key people to contact

Our Private Wealth services include:

Relevant Articles

Dispelling the Myths of Superyacht Ownership

Dispelling the Myths of Superyacht Ownership

What should potential new Superyacht buyers consider before making their big purchase.

Spending time aboard your own luxury superyacht anchored in a secluded and sheltered spot provides the perfect scenario for relaxing and spending time with friends and family. However, this perfect scenario can quickly become a nightmare if the owner has not considered the technical, tax and VAT regulations in relation to the ownership and use of their yacht.

White Triangle

Want to know more about our Private Wealth services?

Our experienced Private Wealth and Family Office teams are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.

Call our Private Wealth team on: +44 1534 755155

Alternatively, you can message them directly below:
Lavender Triangle
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
White Triangle

Want to know more about our Corporate services?

Our experienced Corporate team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.

Call our Corporate team on: +44 1534 755155

Alternatively, you can message them directly below:
Lavender Triangle
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
White Triangle

Want to know more about our Fund services?

Our experienced Funds team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.

Call our Funds team on: +44 1534 755155

Alternatively, you can message them directly below:
Lavender Triangle
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
White Triangle

Want to know more about our Yacht services?

Our experienced Yachts team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.

Call our Yachts team on: +44 1534 755155

Alternatively, you can message them directly below:
Lavender Triangle
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
White Triangle

Want to know more about our Employee Benefit services?

Our experienced Employee Benefits team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.

Call our Employee Benefits team on: +44 1534 755155

Alternatively, you can message them directly below:
Lavender Triangle
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.