A new look at leasing in Milan
Yacht owners turn to finance specialists Ciris Capital for four main reasons: To purchase a new or second-hand yacht, to cover the costs of a refit, to finance a new purchase while the current yacht is being sold, and to re-finance a yacht already owned (an increasingly popular option). Ciris Capital can play a central role in every part of the financial transaction, from the actual formulation of the loan agreement to issues such as appraising the yacht, the sales agreement, registration, insurance, crew, VAT and ownership structures.
Each finance plan is based on the value of the yacht and personal liability, allowing prospective owners to keep any other property components, such as real estate and business interests, at their full disposal. As more and more astute investors see the sense of freeing up their capital, it is no surprise that over 50% of all yachts are now financed through loans. A good alternative for this could be an Italian Lease, where the owner can achieve attractive VAT savings based on the length of the yacht. With this in mind, Ciris Capital has established a new company in Milan called Ciris Capital Leasing SRL.
