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From 28 April to 1 May 2025, Miguel Angel Serra, founding partner of Legalley, joined the global yachting community at the 35th MYBA Charter Show in Portosole Marina, Sanremo. The event offered an exclusive preview of next‑generation superyachts and cutting‑edge sustainable solutions. Our team connected with leading brokers and captains to discuss emerging regulatory trends and new charter structures. These insights will help us refine the bespoke legal and tax services we deliver to our yachting clients.

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.

It was fantastic to attend las week to the ANEN Annual Congress in Malaga, an essential event for the Spanish nautical sector. Interesting presentations, great

Legalley+ buys another beautiful Ferretti 880 for one of its clients. The hectic acquisition and structuring process took more than four months, but the final result has been satisfactory for the client and this is our sole purpose. 

Much has been said in Spain since 2019 about the possibility that the UBO or persons related to the entity owning the yacht could use it, albeit under the same conditions as a third-party client. Recently, in December 2024, our firm has obtained two binding consultations which clarifies the above-mentioned matter and provides legal certainty.

According to the ‘Report on the Market for Recreational Craft, January-November 2024’ prepared by the Spanish Yachting Association (ANEN), of which I am tax and legal advisor the Spanish yachting market has registered a total of 4,883 recreational craft registrations during the period from January to November 2024, representing a drop of 16.4% compared to the same period last year. This decrease particularly affects very small boats under 6 metres, sailboats, folding inflatables and jet skis. The charter yachts registrations have also seen a decline in the same year, with 1,725 registrations, compared to 2,036 in 2023. It follows from the above figures that 64.4% of registrations are for private use, while 35.6% are for charter.
Sailing yachts (-19.5%) are the most affected by the drop in registrations. Despite these decreases, boats over 16 metres continue to be the most positive growth in the market, which is no doubt a good new.
We fully rely that 2025 will be a good year as perspectives and orders seems to indicate such.

Miguel Ángel Serra, founding partner of Legalley+, recently shared a great moment with Benito Núñez Quintanilla, Secretary General of Air and Maritime Transportation at the Ministry of Transport and Sustainable Mobility, and Julio Fuentes Gómez, Deputy Director General of Maritime Regulation at the same ministry. The meeting took place during the Christmas cocktail party organized by his colleagues and correspondents from Albors Galiano Portales at the Hotel Wellington in Madrid. The event once again reflected the collaborative and collegial atmosphere among professionals in the industry.