Feb. 23, 2015 - PALMA DE MALLORCA, Spain -- It’s now well over a year since all charter yachts operating Spain, irrespective of size, could claim exemption from the infamous matriculation tax, and several months since non-EU-flagged superyachts were allowed to charter within Balearic waters - ample time to see if the new legislation works.
Palma-based Network Marine Consultants (http://www.networkmarineconsultants.com/index.php) is happy to say that it does.
Patricia Bullock, Director of Network Marine Consultants founded some 32 years ago, comments, “2014 was a year to remember, giant steps were taken and the brakes came off Spain’s yachting sector. We are now open for fair and commercially-
From a base of zero (yes, zero) in 2013, Network Marine Consultants administered no less than 33 superyacht charter licences in 2014. Taking renewals out of the equation, these brand new licences were for 25 motor yachts, four sailing yachts and four catamarans, up to a substantial 52 metres LOA.
Patricia continues, “It’s these superyacht statistics that prove that the new legislation is working and give us hope that the Spanish superyacht charter fleet will continue to expand. Worldwide yachting association, MYBA, estimated back in 2011 that there were around 802 large yachts for rent in the Mediterranean of which only 17 were available in Spain. Taking only our endeavours into account, we’ve already managed to increase this figure by 200%, bringing clients with high purchasing power to the Islands. Spain should welcome with open arms these MLC-compliant, eco-friendly, tax-legal, efficiently-
Official figures from Spanish marine trade association, ANEN, back this sentiment. In its 2014 review, it stated that Spain’s recreational yachting market grew almost ten per cent after six years of decline. Director of ANEN, Carlos Sanlorenzo, believes the market has stabilized post-crisis and attributes much of the growth to the removal of the 15-metre ceiling for charter yachts claiming exemption from matriculation tax.
Supporting Network Marine Consultants (http://www.networkmarineconsultants.com/
Contact Network Marine Consultants on email@example.com or telephone 00 34 971 403 903 or visit www.networkmarineconsultants.com. Network Marine Consultants will be exhibiting at the 3rd Edition of the Palma Superyacht Show running from 30 April to 4 May, concurrently with the 32nd Edition of the Palma International Boat Show.
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