With over 40 years of experience helping clients acquire, manage and sell high value assets, we’ve developed a deep understanding of what drives peace of mind. Whether it’s business aircraft, fine art, luxury vehicles or yachts, our expertise ensures every asset is handled with precision and purpose.
This article explores the Isle of Man Ship Registry’s recent launch of YETS ‘Yachts Engaged in Trade Scheme’.
YETS gives superyacht owners the flexibility to charter their vessels while retaining private use. This forward thinking model streamlines registration, enhances operational freedom and reinforces the Isle of Man’s reputation as a leading jurisdiction for modern yachting.
Under YETS, yachts can register under Part I of the Isle of Man Register, enabling title registration and mortgage recording. Owners operate under a Pleasure Certificate for most of the year and may switch to a Commercial Certificate when chartering. This dual use capability offers unmatched versatility for those seeking both personal enjoyment and commercial opportunity.
As a trusted provider of ownership solutions, indemnified tax advice and customs support, Martyn Fiddler recognises YETS as a transformative step for clients navigating VAT, importation and regulatory compliance. Our expertise empowers owners to operate confidently within international frameworks while maximising the advantages of the Isle of Man’s legal infrastructure.
The Isle of Man Ship Registry delivers YETS with a streamlined process, clear guidance and responsive service. For yachts over 24 meters owned by non-Isle of Man entities, appointing a local representative ensures compliance without compromising flexibility.
This week, we’re at the Monaco Yacht Show, where the world’s leading yacht professionals gather to shape the future of luxury maritime. The Registry’s presence underscores its global ambition and commitment to innovation.
YETS isn’t just a scheme, it’s a smarter way to sail. With Martyn Fiddler’s ownership solutions and the Registry’s trusted platform, yacht owners gain clarity, control and commercial agility in one powerful package.
Whether you’re buying, selling or exploring ownership solutions for a high value asset, Martyn Fiddler delivers tailored guidance backed by decades of experience.
Contact martin@martynfiddler.com to discover how we can support your goals with confidence.
