May 17, 2008
Mallorca boat hire business document taxes requirements
If a yacht wants to rental hire in Mallorca, it needs a rental hire Document (Licence) and pay the relevant taxes. These are actually several separate issues to deal with when dealing with this business
Every boat that wants to rental hire in Mallorca needs a rental hire Document-Lic, both Mallorcan boats and boats registered in other EU countries.
An owner or operator needs to comply with a series of requirements to get a rental hire Document-Lic, the most important ones are: Before you start your business.
- Taxes registration in Mallorca . Related to this type of boat business.
- Third-party liability insurance
- Official translation of the boats registration
- Certificate of inspection to make sure the boat complies with laws for prevention of contamination
- A Commercial Seaworthiness Certificate from flag state, with an official translation. For example, MCA certificate.
There are also some duties before you start the hire business in mallorca
All non-Mallorcan documents must be presented with an official translation. Once all the paperwork is complete, it can take between 20 days and twelve weeks to get the Document-Lic from the Government and governing bodies departments of Transport. The Document-Lic is usually valid for as long as the commercial sailing worthiness licence (document) is valid.
Fees and costs are not cheap! for this area of business in mallorca.
Matriculation taxes:
In Mallorca, there is a double tax on cars, planes and boats. Not only the VAT has to be paid, but on top of that a 12 percent matriculation taxes.
According to Mallorcan law, the taxes is due on every boat, commercial or private, that is registered in Mallorca, used in Mallorca by a Mallorcan resident or used in Mallorca by an owner that has an establishment business in Mallorca.
If a yacht has a rental hire Document-Lic, it will have always have a Mallorcan taxes registration. That means that the direct owner / sailing operator is established in Mallorca, and so the relevant taxes become due.
What happens if a boat comes from another country to do a rental hire in Mallorca with pick up or set down in Mallorcan Mediterranean seas? Mallorcan customs interpret that if a rental hire starts or finishes in Mallorca, the business owner or operator at that moment has an establishment in Mallorca and therefore the relevant taxes is due. more to follow soon. If you have information or facts which will help others then email them to Yacuk1@gmail.com We would even like to know about your events on Mallorca boat hire document taxes requirements what has happen or experiences as knowledge is KING.
