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Cases · Capital & assets · Cross-border assets & ownership

Buy art, yachts, jets or other valuable assets abroad

We're buying a yacht, jet or artwork abroad. What should we check?

WONE Global coordinates title checks, the holding structure, tax, import and registration for the asset.

Countries in the typical case United Arab Emirates · United Kingdom

The situation

What is happening

An individual buys a high-value asset in another country.

What is at stake

High-value purchases bring tax, registration, title and import risks.

Who faces this

  • Private clients and families

A scenario

CollectorPrivate client or family · from United Arab Emirates · in United Kingdom

He has bought a painting at auction in London and wants it shipped to Dubai.

Where it ends A painting home legally.

A representative scenario of the work WONE Global coordinates, not a specific client’s matter.

Also asked as “Yacht ownership structure”“Import tax on art”“We need to structure ownership of an international art collection”

The solution

How WONE Global handles it

WONE Global coordinates title checks, the holding structure, tax, import and registration for the asset.

Usually led by Customs, trade and export controls, with Tax and structuring, Business insurance and Anti-bribery, sanctions and compliance.

Step by step, in the scenario

  1. Week 1Title and export licence.
  2. Week 2Import and VAT.
  3. Week 3Shipping and insurance.
  4. ThenDelivered.

Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.

Decisions

The decisions involved

  1. 01Ownership vehicle, registration and flag or export rules
  2. 02VAT, import duty and usage restrictions
  3. 03Insurance and provenance checks

Outcomes

What you receive

  • Due diligence and provenance
  • Ownership structure and registrations
  • Tax, import and insurance arrangements

This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.

Who handles it

Customs, trade and export controls, market by market

The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.

  1. United Arab Emiratesin the typical case On request Availability confirmed before any work begins Bring a requirement →
  2. United Kingdomin the typical case On request Availability confirmed before any work begins Bring a requirement →
  3. India On request Availability confirmed before any work begins Bring a requirement →
  4. Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
  5. Singapore On request Availability confirmed before any work begins Bring a requirement →
  6. United States On request Availability confirmed before any work begins Bring a requirement →

Other markets: WONE Global covers 100 countries. Name yours in the requirement →

Katherin Diaz VelillaBogotá · Colombia

WONE Global Capability Partner · Colombia

Katherin Diaz Velilla

Complete profile

Co-Founder · V&V Associates · Bogotá

International tax attorney and strategic advisor with 12+ years across Colombia's DIAN, Ministry of Finance, Senate, Presidency, and EY. Co-founder of V&V Asociados. Specializes in cross-border tax structuring, transfer…

Mauro Tejada RamonQuito · Ecuador

WONE Global Capability Partner · Ecuador

Mauro Tejada Ramon

Tax & Legal Partner · G&G Auditores Independientes & Lex Fiscal Corp · Quito

Professional with 20 years of experience in Tax Administration, performing functions in the managerial and tax administration fields. Experience related to the fiscal field in the main sectors of the economy: Banking, c…

Ulrike Berner, MBAMunich · Germany

WONE Global Capability Partner · Germany

Ulrike Berner, MBA

Managing Partner · BSP Berner Schaeffler & Partners GmbH · Munich

Ulrike Berner has been Managing Director and shareholder of BSP since 2021, leading the strategic direction, client relationships, and business development of the firm. She has extensive experience working with firms an…

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UNBOUNDED™ · Global Business Circuit™

Work through UAE ↔ United Kingdom with the leaders doing it.

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