our blog

From April 30 to May 3, 2025, the 40th edition of the Palma International Boat Show (PIBS) took place in Palma’s Moll Vell, consolidating itself as the inaugural event of the nautical season in the Mediterranean. Our founding partner, Miguel Ángel Serra, attended the show and actively participate by strengthening links and partnerships with other yachting industry actors.

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.

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.

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.