Chris Allix founded Phoenix Yachting Solutions PTE Ltd (PYS) in November 2022 in Singapore.
He started his career in London in 1971 as a Trust Officer. In 1980, Chris relocated to the Cayman Islands with a leading Trust Corporation. In 1984, he founded Dominion Marine Corporate Services Limited in the Isle of Man.
Dominion became one of the principal corporate service providers to the yachting industry. In September 2022, Chris sold the business through a management buyout. He acquired two subsidiaries, now named Liberty Marine in Monaco and Liberty Marine in Cyprus under the management buyout agreement.
Chris has been working in the yachting industry since 1985, and as such is well positioned to advise on the most efficient ownership structure for both pleasure and commercial yachts.
Chris has been dealing with tax affairs in the yachting industry since before 1993 when the European cruising area for VAT came into force. He is therefore able to give guidance on VAT issues within the EU, through his extensive international contacts.
When you buy a yacht is it VAT paid, many people truly believe a yacht is tax paid but there are many ways in which this status can be lost, CIC will review the VAT paperwork and give guidance on the current position.
The yacht may have been purchased VAT paid but do you have all the paperwork to prove this position, CIC will review the paperwork and let you know what is missing and give guidance on how to ensure the paperwork is in order before a sale or Customs control.
When clients are embarking on an international voyage there are many tax situations to be considered, through their international contacts CIC can assist clients cover these matters before starting the voyage and put owners in touch with the correct agents to resolve any issues as they arise.
To learn more about corporate ownership of yachts through our sister company, Phoenix Yachting Solutions, click "learn more" below.