0
HomeAboutYachtsAircraftCrewNewsShop
News

Spain Withdraws Tourist Yacht Registration Scheme

10 November 2018

The Spanish tourist yacht registration regime (Régimen De Matrícula Turística) will end on the 31st December, 2018.

The regime allowed for the operation of certain yachts within Spanish waters under exemption from the payment of VAT in Spain (currently 21%) and matriculacion tax (currently 12%) depending on whether the owner was a non-EU resident or an EU resident not residing in Spain as follows:

1. Non-EU residents

Non-EU residents could register their yachts under the Spanish flag without paying Spanish VAT and matriculacion tax.

Following the withdrawal of the regime, non-EU residents keeping their vessels in Spain will have the following options:

  • Maintain the Spanish registration or change to an alternative flag and pay VAT on the current market value of the vessel as determined by the Spanish authorities, (note the retention of the Spanish flag will automatically create a liability to pay matriculacion tax so for many owners a flag change will be preferable)

or,

  • Change the registration of the vessel to a jurisdiction located outside the VAT Territory of the EU and operate the vessel under Temporary Admission relief from VAT. We have a guide to the requirements of Temporary Admission here on our website:

Temporary Admission

2. EU residents not residing in Spain

EU residents not residing in Spain could register their yachts under the Spanish flag with VAT being payable on the vessel (if not already VAT paid) but without paying matriculation tax.

Following the withdrawal of the regime EU residents not residing in Spain who are keeping their vessels in Spain will either maintain the Spanish registration and pay matriculacion tax or change to an alternative flag.

Oceanskies can assist yacht owners who are effected by the termination of the tourist regime regime with the following services:

  • For non-EU resident yacht owners wishing to follow Temporary Admission relief from VAT we can provide a re-registration service to one of the British 'offshore' registries.

  • For non-EU residents wishing to pay Spanish VAT on their vessels we can provide a re-registration service to another EU registration such a the UK (London), Isle of Man or Malta as well as the British 'offshore' registries.

  • For EU residents who are not resident in Spain we can provide a re-registration service to another EU registration such a the UK (London), Isle of Man or Malta as well as the British 'offshore' registries.

Please see our yacht registration landing page on our website at the following link for further information and pricing options:

Yacht Registration

Back to News

0
0
1
1
2
5
0
2
0
0
0
1

@oceanskiesltd

25 March 2020 at 07:58

Here is a batch of Tonnage Plates for yachts we are registering with @RedEnsignGroup under British flag here @oceanskiesltd HQ awaiting courier despatch. These plastic strips are an important part of the yacht registration process #yachtregistration #yachtregistry pic.twitter.com/5xGR7f0Xo3

@oceanskiesltd

17 March 2020 at 07:43

A beautiful start to the day again here @Oceanskies in St. Peter Port Guernsey were we are pleased to welcome the latest @sunseeker_int Sunseeker 50 Predator #Guernsey @guernseyharbours @locateguernsey @vistguernsey #PositiveVibes pic.twitter.com/rajLtbGriM

@oceanskiesltd

16 March 2020 at 13:42

On this sunny Monday we are pleased to welcome this beautiful @Sunseeker_Intl 76 Yacht to @gsyharbours which is undergoing @RedEnsignGroup registration with Oceanskies - Anyone would think its Summer! #yachtregistration #yachtlife #Guernsey @LocateGuernsey #PositiveVibes pic.twitter.com/gy0sguWV5S

@oceanskiesltd

11 March 2020 at 16:55

Today we have been Northern France visiting an incredibly busy @Lagooncats factory near La Roche sur Yon for the tonnage survey of a newbuild Lagoon 46 sailing catamaran undergoing @RedEnsignGroup registration by Oceanskies #lagooncatamaran #yachtregistration #tonnagesurvey pic.twitter.com/rwmKAuzOvX

@oceanskiesltd

10 March 2020 at 17:21

Today Duncan has been in a sunny and warm Monaco for the tonnage survey of an @PrincessYachts Princess 82 undergoing red ensign registration by Oceanskies - we are a leading yacht registration agency working with the world’s best yacht registries #yachtregistration #tonnagesurvepic.twitter.com/PUl9Sy4L9a9a

@oceanskiesltd

04 March 2020 at 06:53

Very pleased to act as agents for the visit to @gsyharbours of a @Sunseeker_Intl 76 Yacht @PrincessYachts Y78 #Sunseeker #SunseekerYachts #SunseekerFamily #Princess #princessaroundtheworld #Princessyachts #Guernsey @VisitGuernsey pic.twitter.com/Y3Tk7X8paE