First Balearics Yacht Charter License for Non EU flagged vessels

January 29, 2015 saw Carlos Espinosa and the IURISNAUTIC team obtain the very ...

First Balearics Yacht Charter License for Non EU flagged vessels

February 09, 2015

Written by Zuzana Bednarova

January 29, 2015 saw Carlos Espinosa and the IURISNAUTIC team obtain the very first Charter License for Non EU flagged vessels. This has been granted by the Balearic Government, in accordance to the new regulation from September 2014 (Circular 1/2014). As a result, the charter of any vessel in the waters of the breath-taking Balearics yacht vacation destination, no matter which size and which flag, is now legally possible, as shown by the new charter license model.

Mallorca yacht charter destination - one of the popular Balearic Islands

The Balearic Islands represent one of the most popular Mediterranean yacht charter destinations. The islands are a haven for wildlife fans, party goers and food lovers. They have become one of the favourite Spain yacht holiday destinations, thanks to their combination of sunshine, azure waters and breath-taking scenery.

IURISNAUTIC, in collaboration with IURISCONCEPT, is a multidisciplinary Firm, focused mainly on International Tax and Maritime Law and commercial matters.

IURISNAUTIC is specialized in launching and setting up tax efficient structures in the acquisition of yachts, moorings, and real estate and their whole legal and tax planning charter companies; due diligence and holding companies; maritime law; import and export; tax inspections, VAT and matriculation tax, as well as cross-border trade for both residents and non-residents.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "First Balearics Yacht Charter License for Non EU flagged vessels".

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