Spanish Charter Licence Procedures
Helping you to navigate in spanish waters
Since the change in the Mat Tax law in October 2013 yacht charter is on the up and up in Spain and looks like continuing in that same direction.
There have been some small “tweaks” in the regulations but all in a positive vein and as far as we are concerned everything has operated smoothly. Since the 2014 season at Network we are now talking of the number of charter licences well up into the 3- figure bracket.
Correctly legalising a yacht for charter in Spain, or anywhere else in the world, is very serious business and it is essential that the initial structure is very carefully and calmly handled by the best professionals in the business.
This is not a race, and the first stages may take time, but with good advanced planning everything should run smoothly and, once in place, the structure will tick over problem-free for many seasons.
Network has now streamlined the process of obtaining both the regional and national parts of the Spanish Charter Licence, while outsourcing the handling of most VAT aspects to the EU VAT Compliance experts, who not only act as VAT Representatives in Spain for our charter clients, but also now handle full VAT accountancy, including processing applications for refunds when relevant.
It is important to understand that to obtain a full Spanish Charter Licence, two different but parallel paths are taken:
- Owning or Operating Company’s Spanish Fiscal Representation; obtaining and registering Spanish (non-resident) VAT number; Matriculation Tax certificate; VAT accounts.
- Yacht Compliance with relevant Maritime Legislation.
Spanish tax numbers and registration
Company Administration and Accounts
Including VAT payment on charters. All these items can be arranged simply and efficiently
Third Party and Passenger liability for charter purpose
Spanish compliance inspection for vessels under 24 meters
Spanish Company Formation
Formation of EU and Spanish companies
It has been confirmed by the Balearic Government
who control charter legalities for Mallorca and Ibiza, that they will continue to license non-EU flagged yachts – it just takes a little longer as they have to scrutinise every document that we present to them. Most non-EU flagged yachts have a non-EU owning operating company (i.e. “offshore”), which may present some complications. Network has now developed a relatively easy and cost-effective system designed to streamline the non-EU process.
Tel:+34 971 403903 / 403703
Fax:+34 971 400216
edificio Torremar, Av. Gabriel Roca 44, CP/ 07015, Palma de Mallorca, Spain.