Why should I finance or lease my yacht?
Have you ever walked along a marina and wondered how much money was tied up in the water? Surely it is better to keep your financial options open? By financing your yacht, your assets remain liquid and your money keeps working on your behalf. And when a sudden opportunity arises, you are in a position to take it.
Clients with yachts of a purchase value of over 500,000 euros have considerable advantages when using an Italian, French or Maltese lease. These countries have a reduced VAT rate for yachts. The advantage increases proportionally to the length of your yacht. These regulations have been laid down by the local tax authorities and settled after close consultation with the yachting industry.
What is the difference between my bank and Ciris Capital?
Ciris Capital is specialised in ‘Customised Yacht Finance’. This field requires a comprehensive knowledge of both yachts and financial constructions. While many banks provide a large range of services and products, the particulars of yacht finance are too specific for them to become truly specialised in the subject.
To discuss yacht finance with Ciris Capital is to talk with a financer who understands your needs and is familiar with the specifics of your yacht. In essence, we base the loan on your based a mortgage on your yacht combined with your personal guarantee. Other securities such as your business interests or other assets are kept out of the picture.
The financial package arranged with Ciris Capital will be based on your yacht, not the value of your house or share portfolio. We are not interested in managing your capital…That’s what other specialists are for.
In which countries does Ciris Capital operate?
Ciris works for clients in Europe, North America, Australia, New Zealand and the Middle East. The yacht industry is very much internationally oriented... And this applies equally to our custom-made finance solutions. So if you reside, for example, in the Netherlands, want to register your yacht in the Cayman Islands and then stay sailing in Europe, we will help you create the right financial package. There are no boundaries, only options.
What can Ciris Capital do for me?
Ciris Capital is a one-stop shop for all yachting business, from yacht financing to the most efficient ownership constructions. From yacht insurance to support during new build projects, we are the first and only port of call you need.
How about discretion?
Ciris Capital is acutely aware of the need for the utmost discretion (see our privacy statement). We know how the yachting word operates and treat all information with absolute discretion. Confidentiality is guaranteed.
How do yards see yacht finance?
Experience has taught us that the sooner we get involved in financing a new build project, the better we can carry out our coordinating role. Both you and the yard benefit from professional support with all procedures and paperwork.
Should you have further questions on Ciris Capital and our services, do not hesitate to contact us. One phone call, fax or email will be sufficient.