What is Yacht co-ownership and how does it work?
Yacht co-ownership offers owners the opportunity to co-own a yacht with multiple owners, creating an immediate saving of up to 75 % of both the initial capital outlay and the annual running costs. The SeaNet co-ownership process enables multiple owners to purchase a new or very recently built, fully equipped yacht through a company (SPV) that SeaNet will assist in creating. Each co-owner owns a share of the company and that share equates to the percentage ownership of the yacht, meaning ownership can vary from 25%, 33%, 50 % or more. SeaNet is appointed as the yacht’s management company and will handle every aspect of the yachting experience, from maintenance and crew, to charter, concierge and so much more.