The world of yachting has evolved, becoming a realm where regulatory intricacies, international tax laws, and crew manning requirements dominate the landscape. For yacht owners and captains, navigating these complexities while providing their dedicated crew with well-earned benefits can be a formidable challenge.
Enter PYC Cayman. With a rich background in the yachting industry, we have witnessed the mounting complexities and challenges faced by yacht owners and captains. We recognized the need for a comprehensive and international solution to yacht crew employment, payroll and administration, one that not only honors crew entitlements but also minimizes insurance liabilities.
PYC Cayman stands as a beacon of innovation in yacht crew employment, payroll and administration. We are a Cayman Islands-based entity offering a multi-faceted alternative to traditional payroll services. Our distinctive approach involves employing crew members through a Segregated Portfolio Company (SPC) and leasing them back to the yacht. The results are transformative.
For commercial vessels, we go beyond the call of duty to meet all the legal obligations set forth by the Maritime Labor Convention (MLC). This includes ensuring that crew members enjoy comprehensive health benefits, regulated crew leave, access to detailed monthly pay stubs, and seamless repatriation services. Our efficient payroll processing, managed from our Cayman office, ensures that crew members are compensated in a timely and accurate manner.
Our mission is to simplify the complexities of yacht crew employment, payroll and administration, allowing yacht owners and captains to focus on what truly matters: a seamless and unforgettable yachting experience. With PYC, you’re not just choosing a service; you’re opting for excellence, innovation, and peace of mind in yacht crew employment, payroll and administration.
Welcome to PYC Cayman, where the future of yacht crew employment, payroll and administration begins.
