ERNST & YOUNG LIMITED
EY is a global leader in assurance, tax, transaction and advisory services. Worldwide it employs more than 212,000 people in 152 countries around the world. In fiscal year 2016 EY hired 80,000 people comprising 63,000 full-time employees – of which 40,000 are campus hires and 23,000 experienced hires. The firm has been operating locally since the late 1990s and employs over 200 people. Our diverse client base consists of prestigious local and international companies, and most public sector organisations. Our global integration distinguishes us from our competitors. Our clients benefit from access to the best local and global specialists, together with seamless coordination of services across country borders. Our people benefit from exciting international mobility opportunities.
Today’s workplace, as well as our profession, is profoundly different thanks to fundamental changes driven by globalization and technology. EY is responding to these changes and has a plan in place that positions us for future success and offers our people and our recruits more opportunities than ever before. At EY we are positioning ourselves to provide the highest performing teams, to deliver exceptional client service, worldwide.
YACHT LEASING IN MALTA
The Maltese VAT treatment of yacht leasing allows for certain opportunities to structure the acquisition and ownership of the vessel in such a way as to reduce the amount of VAT leakage suffered. Similar VAT opportunities are also applicable for certain commercial charters. Coupled with an attractive corporate tax regime we believe Malta is an ideal jurisdiction for super yacht ownership structures. With years of experience in assisting clients with choosing and implementing the best ownership structures and with the necessary local expertise, combined with our worldwide network of expertise, at EY we are well placed to assist with making the right choices by offering a holistic approach and tailor made solutions to our clients. At EY we can provide you with VAT and income tax advice on the various options considered, a fully-fledged compliance service by taking care of the entire process from setting up, ongoing compliance up till the eventual winding up and assist with coordinating with respective local authorities and providing any other ad hoc services which may be required throughout the whole process including assisting with the importation and registration process of the vessel in Malta. We also assist with identifying additional tax and other opportunities which yacht owners might consider availing themselves of.
We provide global services in four main areas: Assurance, Tax, Transactions and Advisory Through these services, we can help you retail the confidence of investors, manage your risk, strengthen your control and achieve your goals. In addition we provide the following bespoke services to clients in the Super Yacht Industry:
- Maritime and Aviation advice
- Personal and Corporate Tax & VAT advice
- Yacht registration (Private & Commercial)
- Yacht Importation
- Formation of Corporate structures
- Employment and Immigration services
- Charter Agreements
- Accounting and bookkeeping
- VAT and Tax compliance
- Payroll of crew and yacht administration
Address: Ernst & Young Limited Regional Business Centre, Achille Ferris Street, Msida MSD 1751, Malta.
Tel: (+356) 2134 2134