Legal & Financial

  You have a non Spanish flag commercially coded vessel and want to charter it here in the Balearics. You address your local insurance company asking if everything is ok from their part and they say yes. Well, this might not be really the case as the insurance policy alone …

  The landslide election last month of Jeremy Corbyn to the leadership of the Labour party came so far, and so fast out of leftfield (excuse the pun) that it caught literally everyone by surprise, not least the main man himself. The arch contrarian who had virtually defined his career …

  If you plan for your exit from the yachting industry just before you leave it it will be too late. In reality you should start planning your exit at the start of your career, though few people have the foresight to do so. As optimists we will all naturally …

Many people take the task of sending regular payments abroad for granted and just entrust it to their banks to get the job done. In fact, many don’t even look at their bank statements or consider the exchange rates or charges being levied for such transactions. When contemplating larger transfers …

  Dispute and litigation related to works on boats   When boats leave the shipyard it is quite common that on the first sea trial we find that the works carried out on our boats , and mostly on their motors have not been done 100% to our satisfaction. The …

  New Express Residence Permits for Foreign investors   Since September last year and according to the Law 14/2013 for the support of entrepreneurials  (Ley 14/2013, de 27 de septiembre, de apoyo a los emprendedores) there is in Spain a new, quicker and easier procedure to obtain the legal residence …

  Deletion and Cancel at the Spanish Ship´s Registry.   As a result of double matriculation of vessels in Spain and in other jurisdiction we have seen cases in which the Spanish Maritime Authorities have arrested boats which had already change to a foreign flag without applying the cancel or …

The following email was received from Pat Bullock of Network Consultants, who are experts in Marine Legal and tax administration. “I would like to take the opportunity of offering everyone a clear and hopefully concise update on the situation here in Spain regarding the Matriculation Tax on Charter Yachts: The …

The Islander received the following email on Friday 20th September.     Dear all, Please be informed that the bill regulating (among other issues) the Matriculation tax exemption for boats of any length affected to a charter activity has been approved today by the Treasury Commission of the Spanish Congress.

Dear all, Please be informed that the bill regulating (among other issues) the Matriculation tax exemption for boats of any length affected to a charter activity has been approved today by the Treasury Commission of the Spanish Congress. In this regard, please be informed that the different parliamentary groups filed …