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Trust & company
Guernsey has a rich maritime history and our financial services industry continues that tradition, offering specialist services to the marine industry.
The island’s marine HR and payroll industry began more than 60 years ago and since that time, our maritime service providers have acquired the necessary experience and expertise to offer a comprehensive range of services which comply with international standards. Our expertise encompasses yachting, commercial shipping and port services.
International Payroll Services
Comprehensive solutions are provided for efficient payroll administration using bespoke payroll software, complying with Maritime Labour Convention, 2006 (MLC, 2006), in accordance with The Seafarer Recruitment and Placement Services (Maritime Labour Convention 2006) (Guernsey and Alderney) Ordinance, 2013.
Crew employment and management services
Highest level of services tailored to clients’ specific needs, including:
Employee Benefit Services
Our specialist service providers are able to offer pensions and international retirements savings plans which are tailored for internationally mobile employees, such as yacht and merchant crew.
Flag Registration Services
The in-depth knowledge of both EU and Non -EU flag states enables our professional service providers to advise on the best location for registration taking account of factors such as the nationality and residency of the owner, the vessel’s VAT status, tonnage, size and cruising plans.
Corporate ownership services
Specialist knowledge of corporate structures dovetailed with yachting expertise providing asset protection, estate planning, qualification for flag, discretion or effective management and operation to yacht owners.
Expert advice on all aspects of yacht ownership and operation including structuring, Import/Export, VAT, sale and purchase.
Consultancy on yacht crew social security status.
Supporting private and corporate owners, trustees and family offices with a full range of services to both private and commercial yachts including:
MLC, 2006 Services
Providing MLC, 2006 services to the owners of commercial yachts and private yachts that want to operate to commercial standards:
- Assessment inspection and gap-analysis report ahead of Flag state initial, Intermediate and renewal inspections
- Review of Seafarer’s Employment Agreements in accordance with Flag state regulations
- Providing MLC, 2006 guidance notes on Port State inspections
- MLC, 2006 training and consultancy