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 Consultants is busier than ever with no less than seven boats going through the process of obtaining their first licence for charter in the Balearic Islands, including three brand new applications that landed on our desks in the first week of January, this is unprecedented.

As such we have one key piece of advice for owners, captains, brokers or corporate service providers considering obtaining a superyacht charter licence for the upcoming season – do it now. In low season the authorities are under less pressure, in a more accommodating frame of mind and easier to get an audience with. Moreover charter agents are unlikely to promote your yacht until you have that licence in your hand, a promise isn’t enough.

The process could take up to three months, start to finish, so contact us today to get the ball rolling: admin@networkmarineconsultants.com or telephone 00 34 971 403 903.

If you are responsible for a non-EU-owned non-EU-flagged yacht, used exclusively by non-EU residents, and with no commercial use (including charter and sale), you might also want to get the ball rolling on Temporary Admittance (TA) and/or voluntary customs bonding.

TA is an informal procedure which simply permits yachts that meet the aforementioned criteria to cruise EU waters for a total of 18 months/547 days before any EU tax is due. If the yacht is not in use (aside from crew), we can arrange for voluntary customs bonding which ‘freezes’ the 18 months thereby extending the tax-free cruising period. Under ‘bond’ the yacht must declare her exact position to the authorities (especially customs) and not move without prior permission. When the owner returns, the yacht gets de-bonded and the 18 months starts ticking once more.

Again, contact us on admin@networkmarineconsultants.com or telephone 00 34 971 403 903.