As a long established Fiduciary Services Group based in the Isle of Man, Abacus, has extended its administrative services for Yacht and Aircraft holding companies to Malta following the establishment of their Maltese corporate services provider, Abacus Corporate Services Limited.
The new office located at the Gasan Centre, Mriehel, will provide a full range of corporate and administrative services, including those for Yacht and Aircraft ownership structures, as well as extending the company’s existing networks.
Client Director, Emer Dowling said: “It is important for a company like ours to have presence in more than one key jurisdiction, in particular to provide for those clients that are more internationally-orientated.
There still remains a good range of jurisdictions that offer competitive services for yacht and aircraft owners to choose from, however the Isle of Man and Malta both stand out from other European jurisdictions, whether in respect of tax efficiency, industry expertise, facilities, robust regulatory frameworks, reputation or geographic location
Malta is a jurisdiction that is fast becoming one of key prominence in both the marine and aviation sector and is increasingly being recognised as a “Flag of Excellence”. With a long and successful history in the shipping and yachting industry, Malta is also continuing its efforts to achieve equal success within its aviation sector.
Our new office provides a foundation for us to establish Abacus as a serious competitor within Malta, for the provision of ownership structures and related administration services to the yachting and aviation industries.”
Barbara Jolly, Yacht and Aircraft Manager said: “The mainstay of our services is aimed at the owners and their representatives with heavy focus on ownership planning and the operation of our clients’ yacht/aircraft. We continually review and shape our services to meet the ever changing requirements and regulations of both industries, as well as the specific needs and requests of our clients in order to achieve optimum results.
Our dedicated Yacht and Aircraft team have significant expertise and knowledge in the establishment and administration of bespoke ownership structures and this together with our newly established office in Malta, now affords us the ability to offer our clients a tailor-made service, from not one, but two highly recognised and reputable financial centres.”
As an established fiduciary services specialist in the Isle of Man, now based in Malta and the UK, Abacus has significant expertise in a wide range of international ownership structures and administration services for yacht and aircraft owners. Core services include the Formation and Management of Ownership Structures, Provision of Officers, Purchase and Administration Services, EU VAT Importation, VAT Registration and International Yacht/Aircraft Registration.