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Overview of Payroll Services

Payroll

For over 20 years, Luxury Yacht Crew Payroll has provided streamlined, hassle-free solutions to payroll, seafarer agreements and health insurance for discerning superyacht owners around the world. Our payroll service for vessels covers everything from seafarer agreements to paychecks, including tax payments and form filings - and can also include optional health and disability insurance.

Top-notch accounting is at the heart of every well-run yacht, and the first step is paying crew correctly and on time.

Luxury Yacht Group's payroll services emphasize superior, personalized attention to each yacht's needs.

Want to learn more? Our detailed one-page guide explains the process and how to get started. Payroll Services Guide

Ready to create the ultimate yachting experience and leave the details to us? Simply contact payroll@luxyachts.com.

Crew Contracts

Luxury Yacht Group's long history placing crew has given us industry leading expertise on the wide array of situations that arise with crew employment. We have a variety of employment contract templates that we can use when employing your crew or we can use one from your team.

Multiple Payment Options for Crew

With crew from multiple nationalities and backgrounds, not all crew can be paid the same way. Luxury Yacht Group offers different payment methods to crew including ACH, international wire, or a printed check.

Health Insurance Administration

Our team manages health insurance including disability and loss of life coverage for most of our clients and their crew, regardless of nationality of location of the vessel. Insurance payments can be combined with payments for salaries to further reduce the administrative work for the owner and captain. Our large fleet rates provide MLC-mandated health coverage at very favorable cost.

Taxes & Withholdings

For US crew, Luxury Yacht Group calculates federal and state (where applicable) tax withholdings based on the employee's IRS Form W-4 and makes payments on your behalf in compliance with IRS regulations for all employers, domestic or overseas.

For non-US crew, Luxury Yacht Group provides pay stubs and reports as required by international law.

Monthly Pay Stubs

After payment is made to a crew member, a paystub is generated and available online for transparency between crew member, owner and employer. Pay stubs are required by MLC 2006 and a current focus of Port State Control / Flag inspections.