Monaco 31.01.2023 – BWA Yachting today announced that they had completely acquired SOS Yachting, a multinational yacht charter fiscal agency that recently celebrated its tenth anniversary.
SOS Yachting was established in 2012 to provide fiscal representation services for EU and non-EU yacht-owning companies that charter within European Union territory. They achieved this goal by relying upon over 40 years of yachting industry experience, which allowed them to offer in-house commercial yachting intelligence whilst developing strong working relationships with sector regulators. SOS Yachting was able to cultivate a reputation for quality across the industry – with their fiscal services providing value for businesses throughout Europe and beyond.
To help manage over 600 regular worldwide customers, SOS Yachting established offices in France, Spain, Italy, and Croatia. In 2023, they hope to open a fifth in Monaco – which will allow them to increase their presence in the Mediterranean region and solidify their growing reputation as an industry leader. SOS Yachting emphasises the importance of local support and works to streamline the fiscal components of yachting for each and every client. They combine this with real-time operational guidance and services, making sure their clients are always tax-compliant and can consistently meet local standards while trading their goods or services abroad.
The next Chief Executive Officer of SOS Yachting will be Frédéric Dormeuil – who boasts a wealth of experience in the luxury goods industry. Dormeuil saw the incredible potential of the yachting sector and began cultivating his own reputation to quickly establish himself as a burgeoning expert. With Dormeuil’s in-depth knowledge of the yachting industry from important past roles and an innovative approach, SOS Yachting will be able to reach new heights with ease and continue its goal of revolutionising yacht-based fiscal representation.
“I am very pleased that we have acquired such a successful company. SOS Yachting fits very well with our strategic objective in making life easier onboard superyachts. They simplify the fiscal representation process for their clients, they do so across different territories and that is exactly what we should all be working towards” said Paschalis Patsiokas, Chief Executive Officer of BWA Yachting.
