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PALMA SUPERYACHT SHOW CONFIRMS ‘BUSINESS AS USUAL’ FOR SPANISH YACHT CHARTER

Running concurrently with the 32nd edition of the Palma Boat Show (30 April – 4 May) was the third edition of the Palma Superyacht Show.  Organisers posted record figures with 62 participating yachts (with a balanced ratio between motor and sail – making it the largest sailing superyacht show in existence), 42 exhibitors and 6,000 [...]

SUPERYACHT CHARTER LICENCES – CAVEAT EMPTOR

‘Caveat emptor’ is Latin for ‘let the buyer be aware’, something that we’re keen to get across in relation to the world of superyacht charter licences. Network Marine Consultants processed the first ever charter licence in Spain some 30 or more years ago.  Since that day we’ve been processing them year in, year out.  You [...]

BREAKING NEWS ON EU CUSTOMS UNION EXPORT AND RE-IMPORT

Many of you in the superyacht industry are well aware of recent problems and uncertainty in the Balearics regarding 21% import VAT for non-EU-flagged VAT-accounted-for vessels.  Even having been correctly imported into free circulation within the EU, they have been treated as non-EU goods when sailing out of the EU Customs Union (even just for one [...]

ISLE OF MAN REGISTRY TO ATTEND PALMA SUPERYACHT SHOW

As part of the follow up to Director Patricia Bullock’s presentation to the Isle of Man Superyacht Forum in February, we bring you the fabulous news that Senior Marine Surveyor for the Isle of Man Registry, Graeme Weir, will be joining the Network Marine Consultants stand (SY09) at this year’s Palma Superyacht Show. The Show [...]

MATRICULATION TAX ROUND TABLE IN BARCELONA

On 5 March, Norma Trease, Director of Salamanca Group’s Marine Business Division, gathered together a number of highly respected faces in yachting to discuss the key issues currently faced by the industry.  Amongst these faces was Network Marine Consultants’ own Patricia Bullock, alongside the likes of Garrigues’ Miguel Angel Serra, legal and tax consultant Alex [...]

MONACO ‘ROADSHOW’ FOR NETWORK MARINE CONSULTANTS

On 25 and 26 February, Director Patricia Bullock headed to the superyacht epicentre of Monaco to meet with key players in the nautical sector. With the aim to inform (and reassure) Network Marine Consultants’ clients on the latest legislation changes, Patricia met in person with industry heavyweights such as Burgess, Camper & Nicholsons, Edmiston and [...]

NETWORK MARINE CONSULTANTS PRESENTS TO ISLE OF MAN SUPERYACHT FORUM

Last Thursday 19 February, Director Patricia Bullock presented to no less than 40 members of the Isle of Man Superyacht Forum. At a meeting held in Döhle’s Fort Anne offices, overlooking Douglas Bay, leading superyacht service providers gathered together to discuss the vast positive steps that have been taken in the Spanish yachting sector – [...]

2014 – A YEAR TO REMEMBER FOR SPANISH YACHTING

2014 was a year to remember, a year when giant positive steps were taken and the brakes came off Spain’s yachting sector. We are now open for fair and commercially-viable business and the industry is set to flourish. It began at the end of April when the authorities clarified the latest changes to matriculation tax [...]

33 SUPERYACHT CHARTER LICENCES IN ONE YEAR

From a base of zero (yes, zero) in 2013, Network Marine Consultants administered an incredible 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. While we, of course, process charter [...]

TAKE ACTION NOW ON CHARTER LICENCES, TEMPORARY ADMITTANCE OR VOLUNTARY CUSTOMS BONDING

It’s now well over a year since matriculation tax was eliminated for all charter yachts operating in Spain, and several months since non-EU-flagged superyachts were allowed to conduct charters within Balearic waters, plenty of time to see if the new legislation works - and we’re delighted to say that it does. Right now, Network Marine [...]