Chartering in the EU might be subject to prior authorization in some countries, undertaking commercial operations without applying for the necessary permits involve serious penalties.
In Spain for instance the licensing process requires obtaining at least two kinds of permits, one from the maritime authorities and in some regions, as the Balearics Islands additional licenses from the regional Government. We guide you and assist through the whole process to ensure conformity with any Spanish legal requirement. More than 200 superyachts ranging up to 120 meters have been licensed by our firm in the Balearics in the recent years.
Chartering in the Mediterranean requires multiple VAT registrations depending on where charters start. We have developed an exclusive solution avoiding multiple VAT registrations and simplifying superyachts operations., where owners charter their yachts through our dedicated operator VAT registered in the most important Mediterranean jurisdictions.
With this set up owners enter into a time charter agreement with our operator company or head charterer, which will assume full responsibility of all operations, including but not limited to: VAT compliance on charters, inspection of invoices or processing of payments.
Our entity operates in a similar way than an aviation AOC taking care of all the operational side of the vessel for chartering activities. Our product helps our clients avoid all the complexity that comes with chartering a yacht in multiple EU jurisdictions by having a single registration.
Tax Marine & Aviation is a proud member of the following organizations:
© 2024 Tax Marine & Aviation Spain S.L.U. | Website powered by © Ryuketing | Privacy Policy | Cookies policy | Legal Notice