Sardinia Luxury Tax on Mediterranean Yacht Charter Vessels Abolished

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There is a big hurdle for large families and groups. These people seek to enjoy a private yacht charter vacation in Malta. The hurdle is partially lifted by the yachting registration authorities in Malta.
Specifically, late December, 2016, Transport Malta made a change. They are the administrative authority that oversees regulations for yachts flying the flag of Malta. They introduced new guidelines for private yachts. In addition, the rule applies to yachts carrying more than 12 guests.
This issue is long a stumbling block to the charter industry. Most private charter vessels are restricted to carrying no more than 12 passengers. Moreover, even if enough cabins were available to accommodate more than 12 guests. Yacht owners who wanted to bypass this restriction had problems. They were forced to build their vessels to standards established for commercial ships and cruise liners. This added enormous costs to the project. Most yacht owners elected to avoid the extra costs and burdensome regulations. They build luxury charter vessels for 12 or fewer guests.
Maltese authorities saw an opportunity to reduce restrictions on private yachts built to high safety standards, and to allow these safe, well-built and professionally-operated vessels to carry more than 12 passengers. Ivan Sammut, registrar general for the Maltese flag, explain how Malta saw a gap in the market. “You have to evolve to stay relevant in this marketplace,” states Sammut. “Malta hopes to be more than just a European flagging alternative; we have a holistic view of the superyacht market and want to become a turnkey destination for private and commercial superyachts alike.”
The new certification summary is in the “Guidelines for Pleasure Yachts Carriage Capacities.” It is part of an ongoing Maltese initiative to introduce contemporary standards. Specifically, in the area of private yachting. To qualify, a superyacht seeking to register in Malta and fly the Maltese flag.
Jana Sheeder, President of 1-800 Yacht Charters, views the new regulations as long overdue. “It’s discouraging to turn away a large, extended families of 13 or more from their dream of enjoying the superyacht experience together on one yacht. We anticipate many superyacht owners with vessels that feature cabins and capacity for more than 12 guests to register their yachts in Malta. This is one more contemporary component in the growth of our private luxury yacht charter industry, and we hope other flagging authorities will follow Malta’s lead.”
This entry was posted in Yacht Charter News Educational and tagged Malta, yacht charter Mediterranean, family yacht charter, 12 passenger yachts, rules, yacht charter malta, large family yacht charter, yacht construction, large group yacht charter, Jana Sheeder, yacht charter large group, Laws, yacht charter for 12, Education, Superyacht
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The Mediterranean yacht charter marketplace is bursting at the seams with over a dozen new builds in the past 12 months. Many of the newest yachts have been delivered to their owners and the luxury yacht charter crews are busy preparing these mega yachts for their Mediterranean yacht charter season.
The eagerly awaited Benetti mega yacht AMNESIA and superyacht CRN Ancona MARAYA have now been launched to great acclaim. The 196.8′ (60m) megayacht AMNESIA is chartering in Croatia. In addition, she goes to southern Italy for the summer, as well. After that, she heads to the Caribbean for winter.
Super yacht MARAYA translates as “many mirrors.” She spends part of 2008 in luxury yacht charter service. Her crew of 15 is eager to put in a full summer. In particular, offering customers either a French Rivera yacht charter, or a Croatia yacht charter. The Monaco Grand Prix and Cannes Film Festival are close. The volumes of deck space on this superyacht make her ideal as a corporate event yacht.
A number of smaller, more intimate yachts, suitable for 4 to 6 passengers, are eager to enter. Specifically, both the Western and Eastern Mediterranean, and Turkey and Greece yacht charter markets this summer. Leading the way is the 2009 speedy 23 meter Aicon Spa yacht ENCORE, with accommodations for 6 to 8 guests.
The super-charged yacht MISTER JINGLES, also built in 2009 and will be cruising from the French Riviera on down to the Amalfi coast at a blistering 35 knots.
Another highly successful summer charter season is anticipated in the Mediterranean. Keep your eyes opened for more new builds to hit the seas this spring.
To see ALL of the newest and largest yachts in the world’s best destinations and to book your vacation of a lifetime or upscale corporate event, visit www.1800yachtcharters.com.
This entry was posted in Destinations News Educational Yacht Charter and tagged Maraya, Mister Jingles, Aicon Spa Yachts, yacht construction, Italy, Benetti Yachts, motoryacht charter, Amnesia, Croatia yacht charter, Mediterranean yacht charter, Cannes Film Festival, Monaco Grand Prix, caribbean yacht charter
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