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Introduction
'Crewmann' is the yacht crew management and payroll service operated by Equiom Yachting Servies (Jersey) Limited. It operates on a bespoke software system commissioned by Equiom.
Many factors can dictate whether yacht crew are subject to National Insurance contributions (NI), such as the flagstate of the yacht, domicile of the crew members and jurisdiction of employment. This may result in the owning company being subject to Secondary Class 1 NI contributions. The result being not only less net income for crew members but also higher costs for the owner, not just in secondary NI payments but also in administration costs and professional fees.
As a leading yacht registration and management company, Equiom believes that the quality of the crew on a superyacht is of paramount importance. Equally job satisfaction, happiness and contentment of all crew members are of prime importance in the smooth running of the vessel. By providing the captain and the crew with an efficient method of payment, which will potentially save all parties (including the owning company) unnecessary expense, or loss of income, our new management and payroll service will add considerably to operational savings, and contentment onboard.
Equiom Trust Company Limited has produced a solution to these problems - Crewmann.
"Equiom's Crewmann service is very efficient. It unburdens the yacht owner from all the administrative headaches associated with employing a crew. Wages and salaries, insurance, expenses - these are all expertly handled by Crewman. Since engaging them, Equiom has managed all crew employment matters on our new 30 metre sailing yacht, including seamlessly taking care of a change of captain and cook. I recommend them unhesitatingly."
Yacht Owner
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