Matriculation tax leads Hello Yachts to expand to Balearic Islands

Following three successful years in Barcelona, Hello Yachts Services has announced that it is once again expanding its services to the Balearic Islands.

Helena Guardiola, CEO of Hello Yachts has put this increased demand down to the Spanish Matriculation tax change. Helena commented, “Our clients have been requesting us to expand our services to the Balearic Islands, since the 12% exemption from matriculation tax for EU and non EU flagged yachts was commercially operated.

“Thanks to this we have seen an increasing number of charter yachts and the volume has grown rapidly.”

Since October 2013, the changes in Law 38/92 of Special Tax which regulates the Tax on Certain Means of Transports, also commonly known as matriculation tax, has allowed Spanish registered yachts over 15m in length to be exempt from paying this tax, which can cost 12% of the yacht’s value.

Helena went on to say that the tax has been a success since they moved to the Balearics at the beginning of May, with some superyachts referring to them as the “specialist in everything related to the interior of the yacht.”

For more information, visit Hello Yachts Services.

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