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. Now in its sixth year, the Marine Money Superyacht Finance Forum will be held September 24, bringing together owners and their representatives, tax and banking experts, brokers, and more.
This year’s Superyacht Finance Forum, which Megayacht News is sponsoring, includes several key panel discussions. Among them is one on megayacht loans, with representatives from BNP Paribas and Bank of America’s Global Wealth and Investment Management division among the speakers. They’ll cover pre-delivery financing, refund guarantees, amendments in regulations, and export credit, among other important topics.
Another key panel discussion sure to have attendees taking notes: “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 is formally approved). Representatives from Moore Stephens Isle of Man, Hill Dickinson, and other consultancy firms that regularly deal with VAT and non-VAT taxes in various Mediterranean countries will weigh in on how to position your yacht’s operations.
Other panels will present data on the Asian market, particularly on megayachts under construction and how the overall yachting industry there is developing; and requirements for visiting—safely, at that—remote regions that are increasingly attracting the attention of megayacht owners and charter guests, like Antarctica and Greenland.
To register for the Superyacht Finance Forum, visit the dedicated webpage.