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.
Watch the interview between David Seal and our CEO Matty Zadnikar below and discover the true meaning of yacht co-ownership.