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.
WHO 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 business associates.
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 participating )
All
costs of ownership are divided equally between owners.
Ownermatch
International structures and provides all necessary legal
documentation.
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.
WHY NOW?
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!
MANAGEMENT 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 guests.
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.
CORPORATE
YACHT 5 YEAR TAX STRATEGY
OBJECTIVE
• 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.
FORMAT
• 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.
CASH REQUIREMENTS
• 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
costs.
INCOME TAX IMPLICATIONS
• The LP would create
an operating loss by maximizing deductions; this loss
would be allocated to the corporate partners.
ONGOING
OPERATIONS
• 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 term)
• On an ongoing basis the LP would
generate funds from the following sources:
• 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 OPPORTUNITIES
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