Sailing superyachts and power yachts are big investments, literally and figuratively, for their owners. Those investments need budgets that keep pace with a complex collection of construction and classification regulations, taxation issues related to use, and more. That’s why the finance magazine Marine Money International is once again hosting the Superyacht Finance Forum to coincide with the Monaco Yacht Show this month.
Being held on September 22, the day before the Monaco Yacht Show opens, the Superyacht Finance Forum is now in its eighth year. While there have been additional financial forums on the subject organized by other parties during the show, the Superyacht Finance Forum was the first and remains the longest-running one. Tax specialists, legal advisers, banking representatives, brokers, owners’ representatives, and owners themselves are among the attendees.
The upcoming edition of the Superyacht Finance Forum will once again shine a light on tax issues affecting cruising and charter. While recent tax reform within some countries has been heralded, questions still remain about private vs. commercial use of yachts in popular ports. Professionals in the tax and customs as well as legal fields will therefore join a discussion of a new initiative of the Marshall Islands’ yacht registry concerning this very subject. The initiative pertains to use in France and Monaco specifically.
Taxation isn’t the only topic being covered. The Superyacht Finance Forum’s keynote address is being given by Roberto Giorgi, the executive chairman of Fraser Yachts, on the state of the yachting industry. Speaking of the state of the industry, additional presenters will give an overview of new yacht orders and brokerage sales globally. A further presentation: how yacht financing is being addressed.
MegayachtNews.com is a media sponsor once again this year. Our editor, Diane M. Byrne, is moderating the last afternoon panel discussion. The topic is “The Future Market,” focusing on not just who the new yachting clients are shaping up to be, but how different they are approaching the nuances related to yacht ownership and, in turn, how the industry must learn to adapt to attract them.
Further details about the Superyacht Finance Forum, including registration information, are available on Marine Money’s website.
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