Excellence in service

You will find below my recent article in SuperyachtNews that addresses an important change in the treatment of the exportation to finalise the Temporary Admission (TA) in Spain, as well as the possibility to just sailing beyond the 12 nautical miles of Spanish territorial waters to sale a yacht under TA, before the new owner can re-enter Spanish waters for his maximum 18 consecutive months period. This was something that we did in many occasions outside territorial water off Valencia or Barcelona, returning to the ports of those areas, but was not possible to execute in outside the territorial waters of Palma de Mallorca, Ibiza or other Spanish regions, as it was not recognised by the corresponding regional Customs, which was a huge inconsistency at the state level and a big mess. Now this is allowed in any region in Spain, according to the argumentation provided by Customs, as a matter of interpretation provided by the European Commission. 

Article link: SuperyachtNews.com – Operations – Bringing legal coherence to the Spanish customs system

Once again, for the ninth consecutive year, I have had the honour of being a lecturer in the course of Nautical Broker – IME (Spanish Maritime Institute), dealing with subjects such as:

-Taxation in the nautical charter.

-Legal and fiscal aspects in the purchase and sale of superyachts and megayachts.

-Customs regimes applicable to superyachts and megayachts.

I would like to congratulate the IME for its excellent organization and dedication to professional training in the maritime sector, a pleasure to be part of this unique experience year after year!

The Spanish tax lease scheme, after the changes imposed by the European Commission in 2013, continues to bring Spanish shipyards clients buying around 20% cheaper than other EU competitors. In this article I explain how it’s possible to buy with such a relevant reduction, by using only a specific financing structure.