Ownership of a luxury yacht moored
in spectacular downtown Vancouver, amidst the best
that beautiful British Columbia has to offer, is the
ultimate expression of having arrived at the pinnacle
of corporate success.
IS IT FOR?
Industry leaders/successful corporations
that are looking for new and exciting ways
to celebrate their success and to express their
appreciation to both management teams and their
valued clients for substantial contributions
they have made to that success. An opportunity
to demonstrate to the world the privileges
that come with rising to the top amongst the
myriad of competitors within your industry.
WHY HAS THE PROGRAM BEEN DEVELOPED?
The growing trend towards “shared ownership” of
luxury assets provides intelligent, cost-effective
alternatives that allow for partial ownership
of a corporate yacht…one that represents more
appropriately an individual or corporation's
true ability to use and enjoy the asset.
The cost savings are enormous. It is a financially responsible way for
corporations to participate in an extremely prestigious program while
cost-effectively sharing the costs with other corporate participants
like themselves – all while maximizing tax benefits!
Most corporate owners and executives do not have the time
or the knowledge base to operate and maintain a luxury yacht. And
so, Ownermatch International provides professional management that
will maximize ownership privileges through careful protection of
the asset and ensure hassle-free usage by owners. Your corporate
yacht will be “skippered” by professionals who plan and schedule
sailings, provision the vessel, and provide safe operation to whatever
destination you choose . . . leaving you free to relax and simply
enjoy the incredible yachting lifestyle with friends, clients and
HOW DOES IT WORK?
Each owner receives 3 months' exclusive
usage for family, friends and business associates
or potential charter revenue. ( Based on 4 owners
All costs of ownership are divided equally between owners.
Ownermatch International structures and provides all necessary legal
Ownermatch International manages all matters related to the maintenance
and care of the vessel to protect long-term asset value.
Ownermatch International will administer all scheduling of use by owners,
as well as matters related to the payment of fixed costs and collection
of those costs from owners.
Ownermatch International will co-ordinate all charter activity and relocation
of the yacht to southern waters if required for enjoyment through winter
months. Scheduled relocation to southern waters for the winter months
offers a whole new spectrum of incredible opportunities to provide the
ultimate lifestyle to your team and clients.
WHO WILL BE MY CO-OWNERS?
In many cases the best partners for you might be successful
local business people from within your own city or region, some whom
you may already know because of their corporate success within your
region. Alternatively, high quality participants in the program will
be available from across the country – all of whom have achieved an
extraordinary level of business success and wish to celebrate that
success through the Yacht Co-Ownership Program. Ownermatch assures
only the highest quality of participants in the program.
Several criteria determine the right yacht partnership. First is the
home port of preference for the yacht to be located. Then comes the style
and size of the vessel, and budgetary guidelines. Lastly, and most importantly,
comes the usage requirements of each owner so that they can enjoy all
the comfort and privacy of their own private yacht at whatever fraction
of ownership works for them. It might be 50 percent ownership, one-third
ownership, or maybe only a quarter share.
The City of Vancouver has arrived on the world stage… bursting
with pride and positive energy as the Olympic Games of 2010 approach.
Vancouver, Whistler and, in fact, all of spectacular British Columbia
will be in the spotlight of the entire world over the next few years.
What better time or opportunity could there be for having a prestigious
corporate presence in Canada's most beautiful city!
FUNCTIONS FACILITATED BY OWNERMATCH
Scheduled usage by owners
24 hour reservation line for owners
Preparation of yacht before each sailing
Concierge service for arriving and departing owners
Cleaning services in between sailings
All routine maintenance between sailings
Overseeing annual haul-outs and maintenance
Relocation to Southern winter season cruising (if applicable)
Administering expenses and providing accounting to owners monthly
Arranging moorage, insurance coverage and security services
Providing professional skippers and crew
Skipper training and certification for owners
BENEFITS OF EXCLUSIVE CO-OWNERSHIP
Purchase Price – Reduce your
initial capital outlay to only a fraction of
the purchase price depending on the amount of
actual usage required.
Professional Management – Assures that your vessel receives prompt attention
to all matters related to protecting the value of your asset.
Safety – Ensure that all required maintenance is carried out efficiently
and cost-effectively to guarantee safety of operation for you and your
Insurance and Moorage – All costs are shared equally by all owners
Generate Revenue – Opportunity to receive optional Charter Revenue during
periods you are not using your vessel.
Relocation Program – Extend your boating season by cost-effectively relocating
your vessel to southern waters, making year round enjoyment possible.
YACHT 5 YEAR TAX STRATEGY
To facilitate the purchase of luxury yacht for corporate use(entertainment/incentives/accommodations
for staff/customers/management in Vancouver , British Columbia .
To structure the transaction in a formal way that will maximize
tax benefits to the participants.
Limited Partnership (LP)
The purchasers ( eg. 4 companies participating equally) each acquire
a 24.75% interest in the LP.
The LP would include a general partner, who would own 1% of the
LP and be responsible for the management of the LP.
The LP would be formed in the province providing the most beneficial
sales tax implications.
Each limited partner would make a one time investment in the LP
equal to their portion of the capital cost, structuring fee and first year operating
INCOME TAX IMPLICATIONS
The LP would create an operating loss by maximizing deductions;
this loss would be allocated to the corporate partners.
The LP will operate the vessel over a five-year period and resell
the asset at the end of the five years (unless all parties wish to extend the
On an ongoing basis the LP would generate funds from the following
Token weekly charge for use by limited partners
Optional charter revenue (Vancouver/summer and eg. Cabo San Lucas/winter)
to cover the costs of repositioning the vessel and expected ongoing annual fixed
operating costs. Charter Revenue for 2 weeks of each owner's 12 weeks of time
available will more than offset estimated annual fixed costs for each owner.
CURRENT EXCLUSIVE CORPORATE CO-OWNERSHIP
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