Representatives from Quinton will highlight the importance of carefully structured ownership and effective yacht management at this year’s Monaco Yacht Show.
Professional services firm, Quinton, with offices internationally, will be exhibiting at the prestigious Monaco Yacht Show this September where they will be highlighting the importance of establishing effective and carefully managed ownership structures for private and corporate vessels and explaining how using the right jurisdiction can offer owners a number of benefits.
The famous event is the largest in the yachting calendar. Held at Port Hercules in the Principality of Monaco between 28 September – 1 October 2016, the show will see over 500 exhibiting companies and partners participate, including superyacht builders, designers, manufacturers, brokerage houses and professional service providers. It is also expected to attract over 30,000 visitors and will be home to the launch of 40 new vessels and an attractive display of over 125 extraordinary superyachts available for sale.
This year, Quinton’s team of representatives include: Co-owner and Chief Strategic Officer, Morris Hazell; Directors, David Shefford and John Corteen; Yacht & Aircraft Senior Manager, Jodie Beecroft and Marketing Manager, Lesley-Anne Johnston.
The team will be present throughout the duration of the event on their stand DS12, located in Darse Sud and will be available to speak with owners and representatives alike about the importance of establishing effective ownership structures which give significant consideration to the intended use of the vessel, regulatory, tax and VAT implications as well as liability exposures.
Mr. Hazell, said: “Determining the best structure is imperative for the effective management and operation of a yacht. Whilst it is important to contemplate the intended use of the vessel, it is of equal importance that consideration be given to industry regulations and compliance as well as tax/VAT liability exposures - not doing so can bring with it a number of challenges and implications to the owner.
“It is the responsibility of the chosen service provider to ensure that ownership is structured effectively and that ongoing administration remains compliant whilst meeting the client’s specific requirements.
He continued, “Monaco is a great platform for networking and sharing information and insights with likeminded industry professionals and we are looking forward to meeting with both new and existing contacts in the industry to discuss the state of the market and to look at what opportunities are present there. We will also be available for owners to discuss any requirements they have or any concerns and issues they would like to discuss in respect of the ownership and management of their own vessels.”
Quinton’s yachting team have over 30 years’ industry experience and offer bespoke ownership solutions as well as a comprehensive range of ongoing management, crewing, administration and support services. Working closely with a network of professionals across the yachting sector, they provide multi-jurisdictional advice in addition to exceptional client service.
For more information about Quinton’s yachting services you can visit their stand DS12 or contact ljohnston@quintontrustmalta.com to arrange a meeting.
Image: Team Quinton at this year’s Monaco yacht Show will be (L-R) David Shefford, Lesley-Anne Johnston, John Corteen, Jodie Beecroft, Morris Hazell
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