Acquarius Marine offers vital expertise to Gibraltar Boat Show

30 July 2009

Buying a yacht can be a rewarding experience but there’s plenty to consider before you weigh anchor. How’s the purchase going to be financed? Who’s going to insure her? Is she going to be privately or corporately owned and, crucially, what nationality are you going to gift your yacht at registration? Turn to the professionals.

Based in Gibraltar, Acquarius Marine Services is part of Acquarius Trust Company and an associate of Cruz & Co law firm. The creation of a camaraderie of sailing enthusiasts with 50-years’ experience between them, the firm’s objective is to offer a personal bespoke service to the luxury yacht fraternity.

Director of Acquarius Trust, Paul Crudgington, explains, “Circumstances surrounding yacht purchasing and ownership change frequently. Clients are well-advised to think globally and consider all options before taking advice in the relevant jurisdictions connected to the boat. Visitors to the Gibraltar International Boat Show will be pleased to hear that the Rock enjoys membership of the coveted Red Ensign Group (REG). Gibraltar’s Category 1 REG status allows Gibraltar-registered boats to fly the prestigious Red Ensign, call on the support of the British Consulate and navigate with minimum interference from the authorities. Meanwhile, Gibraltar’s strategic location and favourable tax status brings a wealth of other advantages.”

Paul continues, “Of course in today’s world due to factors such as the international movement of people and assets, the approach of revenue authorities and greater regulation of financial institutions, the reality is that ownership is often a complex equation. The modern boat is very much an asset and should be protected. Simply assuming that ‘one solution fits all’ would be a huge disservice to the client. In our opinion the advantages of all ports and jurisdictions globally should be carefully considered and evaluated against the client’s needs and circumstances. For this reason we will always explore the alternatives to try and find the best solution for clients.”

Serving both brokers and individuals, Acquarius Marine Services realises that no two clients and indeed no two boats are alike, and their bespoke one-stop-shop service ensures plain sailing – even in today’s troubled times.

For further information contact Acquarius Marine Services, visit acquarius.gi