September 2022. Acumum – Legal & Advisory attended the Monaco Yacht Show, 2023.
For any yachting professional, the Monaco Yacht Show is an annual must-visit. It brings together many important events, such as Marine Money , the SOS Yachting VAT seminar and the Mare Forum conference.
Following hot on the heels of other yachting events that opened the conference season, the Monaco Yacht Show is the biggest yachting show of the year in Europe. It is possibly the most important yacht show of the year in the region. Yachting professionals from a wide range of service fields meet, network and grow their business at this interesting, high-paced event.
The show features some of the largest, most luxurious yachts in the world. The yachts are showcased for sale or charter, or simply on display. Builders bring their new creations here, and visits are available for those interested in buying or chartering. There is also a range of tenders and toys on display – boats of various sizes, jet skis and other attachments which make life onboard a superyacht that much more fun.
Crewing organisations and crew training companies were also present to meet with yacht owners, managers and operators to discuss training and crewing needs. These will depend on the size of the yacht and whether she is used for private ends or chartered commercially..
“It is always so exciting to see so many of these very large yachts flying the Malta flag,” says Dr Geraldine Spiteri, who leads the Yachting team at Acumum. “The Malta flag is the largest superyacht registry in the world and Malta has a legal framework that is very interesting for yacht owners.”
“The Merchant Shipping Registry, Malta’s flag state administration, had one of the most active stands in the entire show, with professionals from all over the world, stopping by for drinks, a chat and to exchange business contact details,” Geraldine says. Indeed, practitioners from many industries – lawyers, surveyors, accountants, brokers – all attend the Monaco Yacht Show in an attempt to renew old contacts and make new ones.
The show consists of different sections – ranging from the very large yachts, to tenders and toys, innovative designs and service providers. Acumum – Legal & Advisory, part of a boutique group of firms, provides services including registrations, financial administration and advice on chartering and other contracts, while the corporate arm, Acumum Corporate Services Limited, is a licensed entity that offers corporate set-up and administration for yacht-owning and operating companies. We aim to provide a one-stop shop for yacht owners, bringing a wide range of expertise to our clients, delivered in a very personalised fashion and based on the client’s requirements.
Acumum Legal & Advisory’s Marine & Aviation team was present and met many clients and colleagues to discuss matters of interest to its maritime clients. The team is headed up by Dr Geraldine Spiteri, whose main practice areas are maritime and yachting, aviation and transport and corporate law. Dr Spiteri has worked in the yachting industry for over ten years, brings with her a range of experience and contacts that enables Acumum to ensure an all-round service to yacht-owning clients.
Read our factsheets on yacht registration in our library, and read more about our yachting services on our Maritime page.
Dr. Geraldine Spiteri. I Head of Marine & Aviation.
[email protected] +366 2778 1700 ext 403