Legal & VAT Yacht Issues Luxury Yacht & Superyacht News

Legal & VAT Yacht Issues Luxury Yacht & Superyacht News

European Commission brings action against French VAT exemption for commercial vessels

October 11, 2011

Written by Chelsea Smith

The European Commission has now decided to bring action before the European Court of Justice (“ECJ”) concerning the VAT exemption applied by France to certain transactions involving vessels – commonly referred to in yachting circles as the French Commercial Exemption (“FCE”). In a press release from Brussels dated 29 September 2011, the Commission accuses France... ... read full story

New Norwegian lay-up rules of foreign pleasure boats in Norway

October 11, 2011

Written by Chelsea Smith

As a direct result of lobbying by the European Boating Association (EBA) the Norwegian Directorate of Customs and Excise announced on 5 October 2011 that it would be amending its rules relating to lay-up of foreign pleasure boats in Norway.  Boat owners, whose permanent residence is outside Norway, may now leave their yacht unattended in... ... read full story

Ince & Co welcomed to the Principality by Monaco Chamber of Shipping

September 15, 2011

Written by Chelsea Smith

The leading international maritime law firm Ince & Co opened its Monaco office on 01 August 2011. The firm has been granted a licence to practise English law as Ince & Co Monaco SARL in matters relating to shipping and energy in the Principality. Welcoming the firm to the Principality, the President of the Monaco... ... read full story

Moore Stephens Yachting to present views on VAT issues relating to superyachts at the 4th Annual Superyacht Finance Forum

September 14, 2011

Written by Chelsea Smith

Ayuk Ntuiabane, director of Moore Stephens Yachting, a leading provider of services to the superyacht industry, will present the firms views on current VAT issues relating to superyachts and their owners at the 4th Annual Superyacht Finance Forum on Tuesday 20th September, the eve of the 21st Monaco Yacht Show. Hosted by Marine Money International... ... read full story

Maritime Labour Convention 2006 Seminar in Monaco hosted by PYA and MCA

August 31, 2011

Written by Chelsea Smith

The Professional Yachtsmen’s Association (PYA) have announced a 2 day training seminar on Maritime Labour Convention 2006 (MLC 2006) given by the Maritime and Coastguard Agency (MCA), sponsored by Oceanco. The training seminar will take place at the Novotel, Monte-Carlo (Monaco) on Monday 10th and Tuesday 11th October, 2011. The MLC 2006 is expected to... ... read full story

The State of the Industry Review 2011

August 11, 2011

Written by Chelsea Smith

All of the speakers for The State of the Industry Review 2011 have now been confirmed. The State of the Industry Review 2011 is co-hosted by Superyacht Business and Andrew Weir which is a free event by special invitation only that takes place on Thursday, 15th September at the Blue Fin Building, 110 Southwark Street,... ... read full story

KH Charts Superyacht opens Antibes Base to Support Growth

August 09, 2011

Written by Chelsea Smith

KH Charts Superyacht has launched a new office in Antibes, France, in partnership with Yacht Shopping. KH Charts Superyacht delivers ISM compliant navigational solutions and service packages to over 400 super yachts across the globe. This offering, combined with Yacht Shopping’s specialism in maintenance and spares, will allow KH Charts Superyacht to deliver a full-service... ... read full story

Abacus Corporate Services Limited – New Malta Company offers Specialist Yacht Services

August 08, 2011

Written by Chelsea Smith

Abacus Corporate Services Limited - New Malta Company offers Specialist Yacht Services

As a long established Fiduciary Services Group based in the Isle of Man, Abacus, has extended its administrative services for Yacht and Aircraft holding companies to Malta following the establishment of their Maltese corporate services provider, Abacus Corporate Services Limited. The new office located at the Gasan Centre, Mriehel, will provide a full range of... ... read full story

EU action on matriculation tax for +15m Charter yachts in Spain

July 28, 2011

Written by Chelsea Smith

Lobbying actions across Spain have gathered pace during this last year, highlighting the ludicrous loss of revenue and negative affect on jobs created by the imposition of 12% matriculation tax on foreign owned charter yachts. Several of the meetings held with the yachting sector have been orchestrated in Mallorca by local tourism specialist Kate Mentink, who... ... read full story

Superyacht Australia launch new website

July 14, 2011

Written by Chelsea Smith

Due to the high level of enquiry and demand for greater access to information about the Australian Superyacht industry and cruising in Australian waters the peak national body Superyacht Australia has launched a new web portal. Superyacht Australia invested in the new website development to ensure that Superyacht Owners & Captains wanting to cruise in Australian waters... ... read full story

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