While the Monaco Yacht Show has long attracted qualified megayacht buyers and their representatives, changing regulations in terms of financing, VAT, cruising licenses, and more convinced Marine Money International, which publishes a finance magazine and hosts finance forums, to begin holding an annual symposium just prior to the show. In its sixth year, the Marine Money Superyacht Finance Forum occurs September 24. It brings together owners and their representatives, tax and banking experts, brokers, and more.
This year’s Marine Money Superyacht Finance Forum, which Megayacht News is sponsoring, includes several key panel discussions. Among them is megayacht loans, with representatives from BNP Paribas and Bank of America’s Global Wealth and Investment Management division speaking. They’ll cover pre-delivery financing, refund guarantees, amendments in regulations, and export credit, among other important topics.
Another key panel discussion: “Making the Best of Recent Yachting VAT Changes in the EU.” You may recall that last month, French VAT started to apply to megayacht charters, and there are still several questions as to how it will be enforced. In addition, Spain is ending the matriculation tax on some charter yachts and megayachts, effective some time next year (after the law receives formal approval). Consultancy firms regularly dealing with VAT and non-VAT issues will weigh in on how to position your yacht’s operations. Those firms include Moore Stephens Isle of Man and Hill Dickinson.
Other panels will present data on the Asian market, particularly on megayachts under construction and how the overall yachting industry there is developing. Further discussions include requirements for visiting—safely, at that—remote regions, like Antarctica and Greenland. Since these are increasingly attracting owners and charter guests, the topic is timely.
Registration is open now for the Marine Money Superyacht Finance Forum. Visit the website for more details.