Over 40 of the Isle of Man’s superyacht service providers heard details of recent positive and dramatic changes affecting how superyachts will operate in Spanish waters this year. The presentation was sponsored by the Isle of Man SuperYacht Forum (“IOMSF”) and featured industry expert and founder/managing director of Network Marine Consultants, Patricia Bullock who detailed ground breaking changes in tax rules and regulations.
“We were very fortunate to have Patricia join us,” commented Andy Roy, Chairman of the IOMSF, “Few people in the industry can speak with the same authority and experience on the special challenges and opportunities facing superyachts in Spain.”
At the meeting, held at Döhle’s Fort Anne offices, Bullock explained the nuances of the recent changes to the Spanish Matriculation Tax and how non-EU-flagged charter yachts will operate from the Balearic Islands.
“The brakes are off Spain’s yachting sector so I was thrilled with the number of Forum members who attended; it’s good to know that there is such a strong interest in Spain,” Bullock said, “It was also interesting to hear from the Isle of Man Shipping Registry and Customs and Excise, to gain their perspective on recent changes to Spanish legislation.”

Photo – Patricia Bullock with members of the IOMSF

Website; www.iomsf.im