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Roditis Yachting Agency

Yacht fuel bunkering, yacht berthing reservations and arrival formalities in Rhodes and Symi, Greece

Current Status of VAT on Yacht Charters in Greece

15th April 2021 by Roditis Yachting

Filed under: Yachting news

Below is a brief description of the Current Status of VAT on Yacht Charters in Greece as per relevant Directives issued due to COVID-19 Measures Last year , the postponements and the return of the latest Directive as of 1/4/2021.

Please note that the following dates this will be cleared and we will soon be able to advise you on the accurate VAT Scheme in Greece for Yacht Charters during 2021.

February 10.2020 | Greece introduces VAT Directive A.1018/2020 

Canceling every previous legislation and introduces 3 VAT Brackets as follows which cover All Greek Flag Commercial Yachts and all Greek Licensed Yachts of any type size and use or use with (All according to LAW 4256/2014 As Amended).

Bellow VAT will be finalised before February of the following the charter year and for every charter to have the VAT Authority at the TAX Office specific requirements are requested to accompany the approval application in order to prove the 60% Factor (Example AIS Tracking / Log Book Copies etc).

Thus the installation of AIS to Greek Yachts became Compulsory | Directive Attached.

VAT Brackets

VAT 24 per cent full Greek charter rate – Applies to charters that take place  in Greek waters without exiting to non-EU or International waters  (Staying within the six miles limit)

VAT 24 per cent – With a deduction option for time spent outside of EU waters  or in International waters. This will take in to consideration all chartered days  in an accounting year.

Discounted at 50 per cent (VAT 12 per cent) – This will be for yachts that  spend a minimum of 60 per cent of charter time/days outside of territorial waters.  (Territorial waters are considered: six nautical miles from the mainland and six  nautical miles from the territorial waters of an Island). 

This also applies for yachts commencing charters outside EU territory and that  remain outside for more than 60 per cent of chartered days and end their charter in Greece.

In the same Directive Article 7 Paragraph 5 Introduces Commercial yachts (Not Greek Licensed )  entering Greece from Non Eu countries under charter should pay VAT for the days they spent in  Greek Waters at a rate of 24% 

The VAT will be paid by issuing TAX ID to the charterer through a fiscal representative.

(TAX ID For VAT Filing and Payment POL 1113/2013 is attached)

May 21/05/2020 | Greece introduces POL A.1118/2020 which postpones A.1018/2020 and returns back to the following VAT Structure:

According to the instructions of the Ministry of Finance and the new support economic measures the following changes are noted.

For the period of 1/6/2020 up to 31/10/2020 VAT is reduced for the services of transport of people  and their luggage from 24% to 13%

According to the decision no. A.1118 exceptionally due to the emergency and unpredictable need for the dealing  with negative financial consequences connected to the appearance and spreading of coronavirus COVID-19 the decision  no. A.1018/2020 (G.O.G. B’ 361/7.2.2020) is suspended from its commencement, namely the  “Specialization  and proof of the criterion of use and exploitation in charters of professional pleasure yachts”. 

Since 24.4.2019 and henceforth for the specialization and the proof of the criterion of use and exploitation and  for the calculation of the taxable value in charters of pleasure yachts of l. 4256/2014, those mentioned in the  current legislation are applied proportionately up to 24.4.2019, according to the clarifications provided by  the D. 1156/1997. 

Therefore the former measure for the calculation of the VAT fares exemption returns depending on the boats category. 

More specifically the following are applied:

The VAT (13%) in the charter agreement of professional pleasure yachts is defined as follows:

• Tourist ships that perform international trips beyond our territorial waters, when they approach foreign ports with proof are discharged from V.A.T.
• Tourist ships that perform international trips beyond our territorial waters without proving their approach to a foreign port are entitled to a 60% V.A.T.  (category I) . Onwards and till 30.10  The VAT will be : 5,2 % .
• Tourist ships that depart from a Greek port and perform trips of great navigation (i.e. Piraeus, Corfu, Northern Greece, Mytilini, Crete and Dodecanese) are subject to 50% VAT discount (category II). Onwards and till 30.10  The VAT will be : 6.5 %
• Tourist ships that depart from a Greek port and perform trips of small navigation (i.e. Piraeus to Cyclades, Northern Sporades, Zante, Cephalonia, Corfu ) are entitled to 40% VAT discount (category III). Onwards and till 30.10.2020   The VAT will be : 7.8% 
• Tourist ships that perform trips of limited range (i.e. trips from Piraeus to ports of Saronic and Argolic Gulf or from ports of N. and S. Euboean Golf  up to Volos or between ports within the Corinth Gulf up to Patras)  are subject to 13% VAT.

Where as TOURIST SHIP includes all Commercial Yachts of any type 

On march 29th of 2021 greece introduces pol a.1070/2021 which cancels pol a.1118/2020 which postponed pol a.1018/2020 and brings pol a.1018/2020 as of 1/4/2021..

So, as of 1/4/2021 Part (A) above is in force till further Notice.

Meetings for postponing POL A.1018/2020 have been held from different organizations and Unions on Friday 9/4/2021 during the first week of April with from one hand positive reactions  on behalf of AADE but nothing solid or any POL of postponement.

Thus, till further notice , Part A applies .

For more information please contact us . 

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By SuperyachtNews 06 Mar 2020

Greece introduces new VAT rules for charter vessels

Confusion remains over how greece will implement the system and whether it will be operational by summer 2020….

Greece’s new VAT rules are in accordance with the European Union’s directive and are the same rules that have been applied in both France and Italy. The new rule is based on the principle that VAT is charged at the full rate (24 per cent) for the time that the yacht is in EU waters, and no VAT is applicable while in international waters or non-EU waters. VAT will be applicable in the country where the charter begins.

However, there are subtle differences in how Greece has chosen to implement the changes which has raised questions over whether or not the new system will be actionable in time for the summer charter season. Furthermore, unlike France, there will be no stay of execution for charter contracts that have already been signed, meaning that a number of guests will be required to pay a higher rate of tax in the event that they continue with their charter plans.

“Initially this will effect both vessels chartering in Greece and vessel that are in possession of Greek charter licenses,” explains Chris Peacock, Ionian islands and Albania area manager for Evolution Yachting. “The idea is to link yacht's AIS systems to a government platform that will follow yacht movements and will, according to these movements calculate the VAT due. However, I have doubts that such a system will have much success, technical difficulties are bound to arise. For example, conflicting information from the yacht and the government platform, times when AIS systems on-board may be down, sheer number of vessels in the high season and possible privacy issues, may cause disruption to its implementation.”

There are three tax brackets to be implemented and they will be calculated as below:

• VAT 24 per cent full Greek charter rate – Applies to charters that take place in Greek waters without exiting to non-EU or International waters (Staying within the six miles limit)
• VAT 24 per cent – With a deduction option for time spent outside of EU waters or in International waters. This will take in to consideration all chartered days in an accounting year.
• Discounted at 50 per cent (VAT 12 per cent) – This will be for yachts that spend a minimum of 60 per cent of charter time/days outside of territorial waters. (Territorial waters are considered: six nautical miles from the mainland and six nautical miles from the territorial waters of an Island). This also applies for yachts commencing charters outside EU territory and that remain outside for more than 60 per cent of chartered days and end their charter in Greece.

“Non-Greek flagged/licensed yachts that intend on embarking and disembarking outside of Greek waters but will be passing through Greek territorial waters, such as Saranda Albania to Saranda Albania or Turkey to Turkey have to assume that 24 per cent VAT will be applied, this will be calculated on the full charter amount in accordance with days spent in Greek waters. However due to the technical difficulties mentioned above, at this present moment there is no clear instructions on how to collect or who will be responsible to collect this VAT),” continues Peacock.

“To many peoples’ disappointment these plans do not mean that the Greek cabotage laws will be abolished, embarking and disembarking in Greece without a Greek charter licence is still out of the picture.”

In the long-term it is hoped that the necessary Greek authorities will see the benefit of the new taxation system and will, accordingly, amend Greece’s prohibitive cabotage laws. Additionally, once all popular superyacht destinations within the EU apply the same laws as instructed by the EU’s directive, the market will have taken a large step towards the fiscal homogenisation that has been much lauded in recent years. However, it is more than likely that in the coming years certain nations will fail to implement the new directive in a practical and easy-to-understand way – a period of teething should be expected. Once the creases have been ironed out, however, we may see the emergence of a fairer charter market that is more reliant on merit than cost effectiveness and VAT savings.

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Greek vat update, greek yachting association on tax law & vat news .

Sometimes the phrase “It’s all Greek to me” applies to the confusing VAT on charter yachts.  Being informed is the key, and here is the clarification wording straight from the Greek Yachting Association.

“ Until the 31st of December 2022, the VAT rate on yachts that are of an overall length that is greater than 24 meters (based on their Certificate of Registry) or the LOA is below 24 m. but the vessel has a registered crew (it is not a bareboat), which will be 13%. The reduction from the normal 24% is due to the pandemic. Specifically: 1) For charters up to 2-3 days, the VAT is fixed at 13% 2) For yachts in possession of a “Protocol of General Inspection of Small Passenger Ship” for international cruises, a discount of 60% applies with the final VAT rate being 5,2%. 3) For yachts in possession of a “Protocol of General Inspection of Small Passenger Ship” for Greek waters cruises, a discount of 50% applies with the final VAT rate being 6,5%.”

I think this is particularly helpful in terms of understanding the 5.2 and 6.5%.

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VAT increase on luxury yacht charters in Greece

The Greek yachting industry is urging potential charterers not to be put off visiting the country despite an increase in VAT.

The amount of tax to be paid on luxury yacht charters in Greece has risen from 13% to 23% thanks to a wider 10% VAT increase introduced as part of new austerity measures in the country. The Greek Yachting Association (GYA) has now confirmed that the new rate of VAT is “due for all charters executed in Greece from July 20 onwards, irrespective of the date the charter contract was signed”.

The amount of extra VAT to pay will depend on the vessel being chartered. For charters that last three days of more superyachts will fit into two categories that will offer a discounted rate.

Vessels that are “entitled to perform international cruises” will have 60% discount. This means that the VAT rate will only be 9.2%, still a 4% increase. Meanwhile “vessels entitled to perform long range cruises within the Greek waters” will have a 50% discount. Therefore the new VAT rate for this category will rise to 11.5% from 6.5%.

There is no discount for cruises that are less than 48 hours so therefore the full 23% VAT rate will have to be paid.

Despite financial uncertainty in the country the industry has worked hard to ensure that it has remained "Business as usual" for Greek luxury yacht charters .

President of the GYA and CEO of Atlanta Golden Yachts Michael Skoulikidis told Boat International that this latest VAT increase was “not alarming”.

“Even after the recent rise, the VAT level in Greece remains similar to that of many European countries,” Skoulikidis said. “It is not an alarming increase or one that is out of the boundaries of market reality. Furthermore, I believe that what is important when chartering a yacht, is to see the whole picture and the final cost. VAT should not be considered in isolation but one should assess the total cost, the quality of the services provided and the destination

“Despite the rise in VAT, charters in Greece are still competitively priced and there is absolutely no reason for anyone to be put off from visiting Greece.”

Michel Chryssicopoulos from Cape 4 Yachting agreed that it was important to see the rise in comparison to the total cost of chartering a luxury yacht.

“The increase in the VAT for charter yachts is reasonable and expected. Greece is now in line, or still even more competitive, than most ‘popular’ European destinations,” he said.

“In the big scheme of things, paying an additional 5% is not optimal, but it should not change a client’s decision whether to charter or not in a beautiful destination like Greece.”

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What is Yacht Charter VAT?

Charter VAT (Value Added Tax) is a tax applied to the cost of renting (or chartering) a yacht in certain countries. The VAT rate can vary, ranging from 0% to 24% , depending on the country where the yacht charter begins, its duration, and whether the yacht travels in domestic waters, international waters, or a combination of both.

For example, Greece has a standard VAT rate of 24%, but this drops to 12% for charters over 48 hours. The VAT can be further reduced under special circumstances, for example, if the yacht spends a significant amount of time outside of Greek waters.

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A List of Yacht Charter VAT Rates by Country

Why Are Yachts Listed Excluding VAT?

Charter Yachts are listed excluding the VAT (Value Added Tax) because the amounts differ from yacht to yacht and might even be different for an individual yacht within the season. Please inquire and we will provide specific details of the yacht and dates.

When Do I Pay the Yacht Charter VAT?

VAT is paid along with your final charter fee, typically one month before the start of your trip. This payment is managed by the Fiscal Agent, ensuring everything is taken care of in advance.

After signing the charter contract and before boarding, you’ll need to make a few payments: the charter fee, Advanced Provisioning Allowance (APA), VAT, and sometimes additional fees like delivery or security deposits. There are no unexpected costs; everything is clearly outlined in your agreement. Our goal is to make booking your superyacht charter easy and stress-free, so you can focus on enjoying your journey, knowing all financial details are securely handled ahead of time.

Does My Itinerary Effect My Yacht Charter VAT?

VAT (Value Added Tax) is generally tied to the location where your yacht charter begins, regardless of where the itinerary takes you afterward. This means that the VAT is due to the authorities of the country where the charter starts, and the rate is based on that country’s regulations.

Example Explanation:

If you start your yacht charter in Antibes, France, you are obligated to pay VAT to the French authorities, even if your journey ends in a different country, such as Dubrovnik, Croatia. The VAT is calculated according to the French VAT rate because the service (the yacht charter) was initiated in France.

Do I Have to Pay VAT on the APA?

VAT is only charged on the base charter price, not on the Advance Provisioning Allowance (APA). However, for all-inclusive charters, VAT is calculated on the entire cost of the charter, which includes all services and provisions. This setup is especially beneficial for clients who have previously chartered an all-inclusive catamaran in the Caribbean.

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We had such a fabulous trip to Greece – Louis Campbrell with DMA yachting did a wonderful job matching us with an amazing boat, captain and crew. We have been on 10 sailing trips and this was the best! Louis was involved in every aspect to make it a memorable family vacation! Thank you Louis!

Date of experience: June 29, 2024

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Daniel was incredibly helpful from the beginning of our planning. […] Daniel continued to be responsive to questions over the months leading up to our trip, even following up many times during our trip to make sure all was well. We would highly recommend Daniel/DMA Yachting to anyone looking to book a similar trip!

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We spent seven days sailing the islands of Croatia. We were a party consisting of two families, including five kids. The whole process was exceptional and effortless, from booking to the actual charter. […] The design of the boat worked very well for kids, and there was never a moment when we wished for something else.

Date of experience: June 15, 2024

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Chris de Kock was a pleasure to work with – he is very professional and responded to all of our questions immediately. DMA made the process very easy, and our cruise could not have gone better. Professional in every respect. If you’re considering taking a cruise, […] I definitely will be using them in the future!

Date of experience: June 19, 2024

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Great experience in Greece

Sarah K was invaluable throughout the entire process. She guided us through all of the options and provided great insights on the benefits of every option. We enjoyed the trip of a lifetime thanks to the Sarah and the support she offered us.

Date of experience: June 24, 2024

– Joseph

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This was our first experience chartering a Yacht. Nadja was excellent at finding the right boat and crew for us. She was always in touch making sure all my questions were answered and even reached out during the trip to make sure all was well. Perfect family vacation. So fun. Will use them again for sure.

Date of experience: May 24, 2024

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• How Much Does a Yacht Charter in Greece Really Cost?
• Charter Insights

A Comprehensive Breakdown of Greek Yacht Charter Costs

August 15, 2024

💡 Key Factors Influencing Greek Yacht Charter Costs:

• Yacht Type and Size: For crewed yacht charters in Greece, the base charter fee starts at around €10,000 per week. But from there, the range is wide -it really depends on the yacht type: Is it a motor yacht, catamaran, or sailing yacht? How big is it, and what is the level of luxury?
• The APA ( Advance Provisioning Allowance ): The APA is usually a set percentage of the base charter fee (25-40% in Greece, depending on yacht type) -lower for sailing yachts and higher for motor yachts due to higher fuel consumption.
• The Greek Charter Tax (VAT): The VAT on yacht charters in Greece typically starts at 24%, but reductions can lower it significantly, depending on the charter’s duration. For charters longer than 48 hours, the VAT can be reduced to about 12% . The exact rate depends on the type of yacht and other specifics of the charter.
• Crew Tipping: Tipping practices are different for different types of yachts and levels of luxury: The usual recommended tip for yacht crew is about 10% to 20% of the charter fee , depending on the level of service received.

TOP 5 Price TIPS for Luxury Yacht Charters. Best ADVICE. Charter with Experts.

Charter cost for different yacht types.

• Low Range €20k-€40k/week
• Mid Range €40k-€90k/week
• Top Range €90k-€200k/week

• Low Range €15k-€25k/week
• Mid Range €25k-€50k/week
• Top Range €50k-€90k/week

Sailing Yachts

• Low Range €10k-€40k/week
• Mid Range €40k-€100k/week
• Top Range €100k-€200k/week

What is Covered in the Charter Fee?

Many crewed charters in Greece follow a ‘plus-expenses’ pricing structure . This base charter fee typically includes the cost of the yacht rental for the agreed period, the full crew, and access to all water sports toys and equipment onboard.

However, additional expenses such as food, drinks, fuel, crew tips, and docking fees are not included in the base price. These extra costs are covered through an Advance Provisioning Allowance (APA), which is a deposit paid before the trip to cover these additional expenses.

What is Advance Provisioning Allowance (APA)?

The Advance Provisioning Allowance (APA) is a budget additional to the base yacht charter fee set aside in a separate APA account. The APA covers costs like fuel, food, drinks, port fees , and any other miscellaneous expenses that occur during the yacht charter.

APA is a standard practice in Mediterranean crewed luxury yacht charters. On all yachts operating under   MYBA terms, the APA amount is outlined in the charter agreement and is usually set at around 25-40% of the base charter fee.

In the Caribbean, charter fees are often all-inclusive , meaning the APA is already calculated into the total charter price.

The idea of the APA is to have a fund that the yacht captain can use to provision the boat according to your preferences and needs without needing to clear every expense with you during the trip. At the end of the charter, the captain will provide an itemized list of all expenditures , and if the Advance Provisioning Allowance exceeds the costs, you will get a refund of the difference . If the costs exceed the APA, you’ll need to pay the extra amount.

Read more about the Advance Provisioning Allowance .

Experts DISCLOSE what is APA on LUXURY Yacht Charter and values of VAT in Mediterranean countries.

📣 market trend 2024.

In a stunning twist to the booming yacht charter industry, Greece is witnessing an unprecedented trend: luxury yachts are slashing prices, defying expectations after a record-setting summer in 2022. Despite adding 235 new crewed boats to its fleet and extensive refurbishments funded by the EU, the allure of Greek waters isn’t translating into higher prices—a reflection of broader challenges, including spiking airfares and infrastructural strains.

Ready to Start Your Yacht Charter Vacation?

It does not cost anything to have one of our Brokers send you a list of Charter Yachts selected specifically for you!

How Much Should I Tip the Crew?

When it comes to tipping crew members on a yacht charter, the general guideline is to offer a gratuity that reflects the quality of service provided.

Typically, tips range from 5% to 15% of the total charter fee , depending on the location and the customary practices there. For example, in the Mediterranean, it’s common to tip towards the lower end of this range, while in the US and Caribbean, gratuities at the higher end are more typical.

All crew members usually share in the gratuity, regardless of their specific roles, as they all contribute to the overall experience of the charter. It’s customary to hand the total tip to the captain , who will distribute it among the crew.

Payment is generally made at the end of the charter, and while cash is often preferred , other arrangements can sometimes be made through your charter broker or by other means agreed upon.

The expected tip can also be influenced by the type of yacht and the level of luxury and service provided. High-end luxury yacht charters expect higher tipping, reaching up to 30% , reflecting the elevated service level.

💡 Tips to Saving Money on Your Yacht Charter

• Pick a yacht with good fuel efficiency: Newer yachts typically have newer engines and much better fuel efficiency. This can make a huge difference at the end of a one-week charter. If you really want to save on fuel, choose a catamaran or a sailing yacht and take advantage of the wind!
• Split the bill:  A really good way to get down your yacht charter spending without compromising on luxury is to share your yacht charter with a group of friends or family. Lots of yachts these days are set up for multiple couples, with 4-5 cabins for 10-12 people, large dining areas, and water toys enough for a whole team.
• Don’t be over ambitious: Lots of charter guests come with a big wish list of places to see while on their charter. But in reality, it is not nice to be on the move all the time. Choosing shorter distances will save you serious dollars on fuel!
• Get great deals outside of high season: The months of May-June and September-October are quieter and less crowded as far as anchorages and routes are concerned. During this time, the motor charter rates are considerably cheaper than during the high season.

"...we are upfront about the charter fee."

“The reason why 99% of our clients get excess APA returned to them at the end of their charter is because we are upfront about the charter fee.”

Now, Let’s Look at Some Yachts!

The price of motor yacht charters in greece.

When it comes to motor yachts , the cost typically falls between €30,000 to €60,000.  This price range strikes a good balance between luxury and practicality, mainly due to the efficiency and lower fuel consumption of these yachts. But on either side of this there are plenty of options for the budget charterer and for those seeking ultimite grandeur.

€20,000 – €40,000

Ease into yacht charters with an economical low-range motor yachts. These vessels serve as an excellent entry-level option for an affordable adventure without sacrificing the excitement of being on the water. Keep in mind, though, that space may be limited.

View Inquire

€40,000 – €90,000

Finding the sweet spot between value and luxury, a mid-range motor yachts provide an ideal choice for those craving a comfortable and well-appointed journey without exceeding their budget.

€90,000 – €200,000

Take it to the highest hights with a top-of-the-range motor yacht —a true palace on the water. These vessels redefine ultimate luxury, boasting extravagant amenities and spacious accommodations that makes your voyage the finest it can be!

Want to take a look inside?

Check out this beautiful luxurious 78-foot motor yacht nineteen with capasity for 8 guests.

NINETEEN | 🛥 Greece Luxury MOTOR YACHT Charter

Introducing the Motor Yacht NINETEEN , a luxurious vessel that offers an unforgettable yachting experience on the open waters. This stunning yacht, built by renowned manufacturer Ferretti, combines elegance, comfort, and high-performance to create the perfect retreat for those seeking a lavish getaway.

Measuring an impressive 78 feet in length, the Motor Yacht NINETEEN boasts ample space and sophistication. With a maximum capacity of 8 guests, it offers a spacious and intimate setting for families, friends, or small groups to enjoy their time together. The yacht features 4 well-appointed cabins, each designed to provide the utmost comfort and privacy. A dedicated crew of 3 professionals ensures that every guest’s needs are met with exceptional service.

Weekly price: €31,000 – €34,000 .

or if you want to go big you might like this 150-foot Mega Yacht ANASSA with room for up to 12 Guests

ANASSA | 🛥 Greece Luxury MOTOR YACHT Charter

Motor Yacht ANASSA is a luxurious and stylish vessel designed to provide an unforgettable experience on the open seas. With a length of 115 feet (35.05 meters) and a beam of 23’7 (7.2 meters), Anassa offers ample space and comfort for its guests. Built by the renowned shipyard Maiora in 2009, it underwent a refit in 2022, ensuring that it meets the highest standards of modern luxury.

Anassa can accommodate up to 12 guests in its 5 elegant cabins. The cabin configuration includes a spacious master suite, two double cabins, two twin cabins, and two Pullman beds, providing flexibility and versatility for different group compositions. Each cabin is meticulously designed and beautifully appointed, offering a serene and comfortable retreat for guests.

Weekly price: €79,000 – €89,000 .

The Price of Catamaran Charters in Greece

Catamarans present an appealing alternative, offering a different blend of comfort, stability, and speed . Operating primarily under 10 knots , these vessels, especially when starting from Athens, can provide a distinct sailing experience. For a premium catamaran experience, it’s advisable to have a budget starting from €15,000 ensuring access to a skilled crew and high-quality service.To give you an idea of the price spectrum, the price of a top of the range Catamaran such as the spectacular 138-foot DOUCE FRANCE is currently set at €99,500.

€15,000 – €25,000

Dip your toes into yacht charters with budget-friendly low-range catamarans. These vessels are great a great entry-level option for an affordable adventure without compromising the thrill of being on the water. Just be aware, space can be limited.

€25,000 – €50,000

Striking the perfect balance between value and luxury, these mid-range catamarans offer an ideal option for those seeking a more comfortable and well-appointed journey without breaking the bank.

€50,000 – € 90,000

Indulge in the epitome of maritime luxury with a top-of-the-range catamarans. These floating palaces offer ultimate comfort and an array of extras that transform your voyage into a regal experience. From lavish amenities to a crew dedicated to fulfilling your every need, these catamarans guarantee a sailing experience that transcends the ordinary. Unleash the full potential of luxury at sea.

SERENISSIMA III

If you want to sail you might opt for somethign like this 54 foot lagoon valium 55.

VALIUM 55 | ⛵️Greece Luxury CATAMARAN Charter

Step aboard the Valium 55 , a luxury catamaran that sets new standards in comfort, style, and performance. With its sleek lines, spacious decks, and state-of-the-art amenities, this exceptional vessel offers an unforgettable sailing experience.

Indulge in a personalized journey where every detail is catered to. Immerse yourself in the opulent interior, relax on the expansive decks, and soak in the breathtaking views as you sail through the enchanting waters of Greece. Experience the epitome of luxury and adventure on board Valium 55.

Weekly price: €22,000 – €31,500 .

Or you might be interested in a bigger Motor Catamaran (70 feet) like ALTEYA

ALTEYA | ⛵️Greece Luxury POWER CATAMARAN Charter

The Alteya is an exquisite power catamaran crafted by Sunreef Yachts , designed to provide an unforgettable luxury cruising experience on the open waters. With a length of 70 feet , this stunning vessel offers ample space and comfort for up to 8 guests across its 4 well-appointed cabins.

ALTEYA is classified primarily as a power catamaran . The motor yacht features 2 x 850 HP Mann – Generator consumption – 5 litres /hour engines and a generator. Whether it’s the serene ambiance of the low season or the vibrant energy of the high season, the Alteya offers an unparalleled escape on the open waters.

Weekly price: €55,000 to €75,000.

7 DAY YACHT CHARTER IN THE IONIAN SEA: CORFU, SIVOTA, PARGA, ANTIPAXOS, PAXOS

The Price of Sailing Yacht Charters in Greece

Sailboat enthusiasts will find a diverse array of options, ranging from smaller, more intimate vessels to grand, luxurious mega sailing yacht s. The price spectrum reflects this diversity, with sailboat charters in Greece starting at around €11,000 per week . This entry point grants access to a world of elegance and charm, perfect for those seeking a more intimate maritime experience.

For those yearning for the pinnacle of nautical luxury, the ultimate mega sailing yacht experience awaits, with prices soaring up to €99,000 per week . These majestic vessels redefine opulence on the open seas, boasting not only size but also an array of amenities that transform your journey into a floating palace .

€10,000 – € 40,000

Set sail on a budget-friendly adventure with our low-range sailing yachts. These vessels provide an ideal entry into the world of yacht charters, ensuring an affordable journey without sacrificing the authentic thrill of sailing. Just bear in mind, the charm of the wind in your sails may come with limited space.

ARTEMIS-SIMAY

€40,000 – € 100,000

Embark on a journey where luxury meets exhilaration with our mid-range sailing yachts. These vessels offer a perfect blend of luxury, high-performance and affordability. Immerse yourself in an experience that seamlessly marries speed, comfort, and sheer maritime magnificence.

€100,000 – € 200,000

Sailing doesn’t have to be a compromise; it can be the epitome of luxury. These top-of-the-range sailing yachts offer the finest of both worlds, seamlessly merging ultimate luxury with the exhilarating experience of sailing. It’s a fusion that guarantees you not only a voyage but an extraordinary journey where lavishness meets the open sea.

BARACUDA VALLETTA

Presented by DMA Yachting, the impressive charter yacht SHOOTING STAR Gianetti Star is a 65 ft sailboat. SHOOTING STAR Gianetti Star spends the summer and winter season in Greece. She was delivered by the renowned boatbuilder . in 2008. A comprehensive refit was delivered in 2020. The spacious yacht layout features 4 cozy cabins and comfortably accommodates a group of 8 guests.

Weekly price: starts at €13,000/week.

Take a look inside this magnificent sailing yacht

BLUE DREAM | ⛵️Greece Luxury SAILING YACHT Charter

Introducing the luxurious Sailing Yacht BLUE DREAM.  B uilt by the renowned shipbuilder BLUE SEA MARITIME, BLUE DREAM boasts exceptional craftsmanship and attention to detail.

BLUE DREAM can accommodate up to 8 guests in its 4 well-appointed cabins. Each cabin is designed to provide a tranquil retreat, offering a combination of comfort and style.

Weekly price: €42,000 – €42,000

Book Well in Advance for more Yacht Options

TOP 5 Things You MUST Know When Chartering Luxury Yacht in 2024 - explained by Experts

Pick the right charter broker.

How to Pick the Perfect Charter Broker - Key Considerations and Added Value!

Inquiring and maintaining flexibility are key. Yacht brokers often have access to special offers and discounts not visible to the general public. Furthermore, the stage of planning and specific dates can greatly influence the options and pricing available.

Ready to Start Your Luxury Yacht Charter?

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Articles VAT on Superyacht Charters: Everything you need to know

When browsing the world’s finest yachts and destinations for your next luxury vacation, an often-overlooked consideration is charter taxes, namely Value Added Tax (VAT).

A complex and ever-changing discipline, VAT on superyacht charters around the world can represent quite the regulatory hurdle.

With decades of experience and a solid understanding of the intricacies involved in yacht charter taxes, the  Ocean Independence Team  continues to take extensive professional advice from Fiscal Representatives. Regularly attending meetings regarding the most up to date VAT laws, we ensure charterers are well informed regarding the latest regulations.

To clarify this subject for those considering a luxury yacht charter, below we present a round-up of the latest protocols regarding VAT on superyacht charters and its application across the EU and beyond.

We have made every effort to ensure the information provided is accurate as of the publication date (July 2023). However, since new regulations can go into effect at short notice, should you have any questions regarding specific itineraries, please contact your Ocean Independence Charter Consultant.

YACHT CHARTER TAX FAQS

How is vat applied to a superyacht charter.

In general, VAT is applied to the full charter fee and then determined by the VAT rate of country in which the charter begins. For example, if your charter starts in France and ends in Italy, you will pay VAT to the French authorities. VAT is also, subject to location, applied to delivery and/or redelivery fees.

Although this may sound like a somewhat confusing and lengthy process, your Ocean Independence Charter Consultant will guide you through every step of the booking process. VAT amounts due will be clearly presented on page one of your MYBA Charter Agreement with further explanation of the VAT applied to your charter in the ‘Special Conditions’ or a VAT Addendum attached to the agreement.

WHEN DO I PAY THE VAT?

VAT is paid in your final instalment of charter fees due, usually one month prior to the start of the charter and held in the stakeholder’s client account before being dispersed to the Fiscal Agent.

Put simply, after you have signed the charter contract, but prior to boarding, you will be required to make a number of payments which include the charter fee, the Advanced Provisioning Allowance (APA), VAT, and sometimes also (re)delivery fees or security deposits.

But rest assured, there are no last-minute surprises. All payments are pre-empted and specified in your charter agreement. We strive to make the process of securing your superyacht charter a seamless, stress-free experience. Your only task is to look forward to an unforgettable journey, knowing all financial aspects are securely managed and arranged in advance.

CAN I QUALIFY FOR REDUCED VAT?

In some cases, time spent cruising outside of EU waters during your charter can be proportionately reduced with any excess VAT reimbursed at the end of the charter. However, for small amounts of time spent outside EU waters, any VAT advantage may be negligible once fuel costs are taken into account.

VAT RATES FOR CHARTERS IN EUROPE

FRANCE (INCLUDING MONACO) AND ITALY

January 2020 signalled significant changes in the ways that VAT was applied to superyacht charters (although there were some delays in putting these into effect due to the Covid-19 pandemic).  The current situation for charters starting in Italy, France and Monaco is that VAT is now applied at the country’s full VAT rate at the origin of the charter, i.e. the port of embarkation.

This VAT rate is applicable regardless of which country your port of disembarkation falls in. VAT is also applied to any delivery or redelivery fees.

For itineraries including both France and Italy, VAT will always be applied at the rate of the country of origin, i.e. if starting in France or Monaco – 20%, if starting in Italy – 22%.

FRANCE AND MONACO

In France and Monaco, the standard rate of 20% French VAT is due on charters, and (re)delivery fees originating in France and in Monaco, regardless of the port of disembarkation.

For itineraries including significant time spent cruising outside EU waters, your Captain will calculate the actual hours in international waters and the tax is proportionately reduced. At the end of the charter, you will be reimbursed via your Charter Consultant.

As of June 2020, modifications to Italy’s Value Added Tax (VAT) regulation were implemented, enforcing a standard rate of 22%. VAT in Italy is required to be paid on the charter fee along with any fees for delivery/redelivery that originate in Italy, irrespective of the port of departure.

The previously available lower VAT rate of 6.6% for itineraries entering international waters is no longer applicable. However, as with France, for any itineraries including significant time outside EU waters, the taxable base is reduced, and a reimbursement of VAT paid may apply following the conclusion of the charter.

For all charters starting in Spain, VAT is set at a standard rate of 21% of the charter fee. There is no reduction of VAT if cruising outside EU territorial waters (i.e. more than 12 nautical miles offshore) during the charter period. However, if starting outside the EU and cruising into Spain, VAT is only due on the number of days spent in Spanish waters.

Charters beginning in Croatia incur a VAT rate of 13% on the charter fee. However, VAT is not due on delivery and redelivery fees. If your charter begins outside of EU waters, Croatian VAT is due on a pro-rata basis, considering the number of days spent in Croatian waters.

Every yacht cruising in Greece is required to possess a Greek charter licence. And while the base rate of VAT is 24%, in most cases this is reduced by 50-60% depending on your itinerary.

If you are planning to book a yacht charter in Greece or have already signed the charter contract and want to know how your itinerary will affect the amount of VAT you will have to pay, please don’t hesitate to  get in touch with your Ocean Independence Charter Consultant.

One of the most recent changes to VAT in Europe, as of summer 2023, Turkey has increased its VAT rate from 18% to 20%. For charters in Turkey, on Turkish-flagged commercial vessels, 20% VAT is applied to the charter fee.

For foreign flagged commercial vessels chartering in Turkey VAT is 0%. But it’s essential to note that while vessels under 39 metres are required to purchase a cruising permit, it is mandatory for yachts over 39 metres to obtain a Turkish Charter Licence.

As costs may vary depending on the size of your charter yacht and the length of your stay, should you require clarification or detailed information on the cost of a cruising permit for your chosen yacht and itinerary,  your Ocean Independence Charter Consultant  is readily available to assist.

In Montenegro VAT is 0% so you will not incur any VAT charges while chartering a superyacht here. However, if your itinerary extends into Croatia, you will be required to pay Croatia’s VAT rate of 13%, levied pro rata for every day you stay in Croatian waters.

VAT ON YACHT CHARTERS IN THE BAHAMAS

While the VAT rate for superyacht charters in most of the  Caribbean  is currently 0%, the Bahamas introduced a 10% VAT from the 1st of July 2022. As a result, foreign-flagged yachts chartering in Bahamian waters are now required to pay this rate on the charter fee. Additionally, July 2023 saw another significant increase in the cost of charter licensing (paid by yacht owners annually).

Prior to the recent introduction of this VAT rate,  Bahamas yacht charters  had a mandatory 4% port tax. This tax remains in place, resulting in a total tax rate of 14% of the charter fee.

Navigating VAT regulations for your luxury superyacht charter can seem complex, but at Ocean Independence, we simplify this process, ensuring a smooth and enjoyable experience from booking to boarding, and beyond.

For any queries, or more information regarding VAT regulations and yacht charter taxes, please don’t hesitate to  contact us  using the enquiry form below. Or, to explore our entire list of luxury yachts for charter around the globe,  click here.

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e-CharterPermission - TEPADACH

WELCOME TO THE NEW YACHTING ERA FOR COMMERCIAL YACHTS IN GREECE APPLY THROUGH OUR AGENCY BY CHOOSING WHAT IS APPLICABLE FOR YOU FOR ONE OF THE FOLLOWING TYPE OF CHARTERS

The Application is devided into 2 main Categories and deal with the size and characteristics of the yacht.

Thus Yachts of Length over 35 meters and build of steel or GRP can apply for one of the 2 licenses :

• e-CharterPermission
• e-CharterPermission Plus

E-CharterPermission

The “E-CharterPermission” it is an electronic Specified Period Charter Permission which enables Commercial Yachts over 35 meters (NON WOODEN – NON GREEK FLAG) to charter within Greek waters for up to 21 days, plus a seven-day extension, in any one calendar year thus total 28 days without going into the bureaucratic procedures of the Normal Charter License. VAT on this Charter is 5.2%

E-CharterPermission Plus

The “e-CharterPermission Plus” is granted online and refers to the permit that a Commercial Yacht over 35 meters (NON WOODEN – NON GREEK FLAG) to either Embark its Passengers In Greece and Disembark them abroad or embark its passengers abroad and disembark them in Greece. There is no limitation of how many times a yacht will enter or exit from Greece nor any length of stay within Greek Territory provided that it will use 28 days in Greece . There is no VAT on this Charter however an Administrative Fee will be Charged.

e-CharterPermission | TEPADACH PLUS (TRANSITING YACHTS)

• Embark + Didembark the Passengers outside Greece
• Pay the Administrative Fee Called TEPADACH-PLUS
• Embarkation & Disembarkation of passengers in greece is Forbiten

Private Use Declaration

• Members of the Board Of Directors
• Legal Representatives and Signatories of the Company
• Shareholders

e-CharterPermission | TEPADACH PLUS ( TRANSIT YACHTS )

All other Commercial Yachts of Any Size ( Especially the ones under 35 meters) including all Wooden Commercial Yachts and yachts that do not take advantange of the above category are permited to perform cruises in Greece provided that prior to the entry in the first Greek Port they will be granted e-CharterPermit .

The e-CharterPermit is Granted online and is compulsory to fulfill the below requirements :

• Embarkation & Disembarkation of passengers in greece is Forbiten

Example: If you have a Commercial Yacht 15 meters and plan to visit Greece for 5 days then you will need to apply through our agency and through a very easy process you will be able to get the permit to enter Greece . If for example you plan to stay ion Greece 5 days The Total Fee to be paid is € 920 Above fee is only the CharterPermit to Cruise in Greek waters . There are other fees to be calculated as well such as Entry Formalities , TEPAI , Agency service and Marina Fees .

TEPADACH PLUS CALCULATION

(Commercial Yachts Only)

TEPADAH PLUS is a special tax with a calculation formula as it is described at the next page applicable and compulsory to all Commercial Yachts which : • ALL NON EU COMMERCIAL YACHTS UNDER 35 METERS • ALL NON LICENSED COMMERCIAL YACHTS • YACHTS IN COMMERCIAL USE • WOODEN YACHTS OF PRIMITIVE BUILD

More information please contact with us

VAT ON CHARTER

CHARTER IN GREECE

Conditions precedent:

• yacht registered under a EU-flag with the authorization by the Flag-State to be chartered;
• the Operator must (1) establish a physical branch in Greece , (2) be VAT registered in Greece and (3) obtain a Greek charter licence;
• the Operator has to name a fiscal representative and to register the yacht in the Greek charter yacht register;
• there is the obligation to have the yacht chartered with a minimum of  200 days over a 5 years reference period.
• The applicable rate is 24%, but reduced to 9,6% for foreign yachts entitled to perform international cruises for charter parties upon 3 days
• duration and starting in Greece;
• There is no Greek VAT to be paid for charter parties starting from other EU-member states, but the yacht must obtain a “Dilkito” from the authorities of the first port of entry and no change in the passengers list is allowed;
• Greek VAT applies in prorate basis in time for charter parties coming in from non EU countries.

Tax-free fuel:

• available for crewed yachts under the condition to be chartered at least 75 days during an 3 years reference period.

Practical Advise: To avoid the pitalls of the complex Greek system , do no charter parties starting from Greece

• Ownership & Flags
• ONSHORE ADMINISTRATION
• CREWING SERVICES
• CHARTER / BROKERAGE

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• VAT status for EU and non-EU yachts in Greece

There are three options regarding the VAT of the vessel: I) If the vessel will be acquired by an EU individual or legal entity, not having commercial activity , the applicable VAT will be calculated on the purchase price of the vessel and has to be paid by the Buyer. II) If the vessel will be acquired by an EU individual or legal entity, having commercial activity and having been registered for VAT purposes in its state, the transaction will be considered as an intra-community transaction and the possible obligation for the payment of the VAT will be transferred to the Buyer. He will have to deal with the payment or not of the VAT in his country. III) If the buyer of the vessel will be a non EU individual or legal entity (US, Russian, Japanese etc) no VAT will be calculated and paid as the transaction will be considered as an exportation out of EU. In that case only a small tax declaration for exporting the boat out of EU has to be paid by the buyer.

More Topics

• Status for a Yacht under Bank loan
• TEPAI - Monthly Tax for Pleasure Crafts in Greece
• Yachts for sale, how important is a good preparation/presentation
• Documents required for non-EU companies buying a Yacht in Greece
• Setting the right asking price for selling your yacht. Market research.
• Your offer on a used Yacht for sale
• Required time to complete safely a Yacht purchase in Greece
• Feel confident buying a Yacht in Greece
• Procedure for buying a Yacht in Greece
• Alvea Yachts, how to benefit from our company
• Sell your Yacht with Alvea Yachts
• Privacy Policy

New e-charter permission system for chartering in Greek waters

Greek Yacht Registration (Private/Charter) Packages

We, here at International Ship Registries (Worldwide) LLC, offer you the best and cheapest Greek private and commercial yacht registration packages to enable you to privately (as a pleasure yacht) and commercially (as a charter yacht) exploit your yacht in Greece and all the other countries of the European Union (EU).

And this even without the need to set-up a Greek Shipping Company for that!

We are offering the cheapest real packages and most-comprehensive (all-inclusive) on the market today, having behind us the history, experience, expertise, and know-how of International Ship Registries (Worldwide) LLC . We have started in 1998 our Ship & Yacht Registrations business, thus we became Deputy Registrar for the Commonwealth of Dominica Flag from 2003 to 2014 for Greece; Deputy Registrar for the Republic of Palau Flag from 2013 to 2017 for Germany (Hamburg area); Official Representative for the Antigua & Barbuda Flag from 2017 to 2018 for Greece & Cyprus.

Greece, the country with the largest Charter Industry in the European Union, currently offers the most attractive commercial registration packages for Charter Yachts from all countries of the European Union.

All should be conducted through our Piraeus, Greece office! In the above context, we are offering (a) straight/standalone packages (by using the Greek Flag as the sole Flag State option of the charter yacht) and (b) mixed packages (by using the Polish Commercial Yacht Registration as the basis of the Flag State option, or other applicable Flag States). In a nutshell, Charter Yachts that would be flying the Greek Flag and Charter Yachts that would be flying the Poland’s Flag (or any other Flag, either European or other)! And either of them working as Charter Yachts in Greece and all the other countries of the European Union.

Benefits of the Greek commercial yacht registration

• You do NOT pay any tax on profits of your Yacht Charter Company in Greece • You do NOT pay VAT on the purchase/import of your Yacht (we provide confirmation by the relevant Authority that your boat should be engaged in open-charters in order to avoid paying applicable VAT in your case) • Reduced VAT rate for charters within the Greek territorial waters (for open-sea charters) • Reduced VAT rate for charters outside the Greek territorial waters (for open-sea charters) • Fuel & maintenance costs are VAT-free • No crew requirements for yachts under 24 meters • Fuel and maintenance costs VAT free • Very limited formalities on embarkation in Greece; no formalities on disembarkation in Greece • And many other benefits…

Our Packages

1. PLEASURE BOATS up to 24 meters (either they belong to private persons and/or companies). Registration under the Greek Registry and the Greek Flag. Complete (all-inclusive) package that includes the Greek Flag Registration; measurement, radio licensing; all permissions for navigation, etc.

2. COMMERCIAL BOATS up to 24 meters. Registration under the Greek Registry and the Greek Flag. Complete (all-inclusive) packages that include: the Greek Flag Registration and establishment of a Greek Yacht Shipping Company (NEPA) and/or a Greek Private Capital Company (IKE) to own the boat (which are 100% tax-free on their profits); measurement, radio licensing; all applicable surveys (surveys could be conducted outside of Greece at an additional cost to be determined for the owner); registration with all pertinent administrative bodies in Greece; all technical/safety licensing; charter licensing; legal representation; accounting; virtual premises; legal assistance; in other words, everything from A to Z to enable your good boat to engage commercially in Greece (and abroad) with peace-of-mind for you & your charter operation!

We will need the following from the owner:

• Photo engine plate & outside photos of the boat (especially where it bears its name) • Photo of the hull number appearing on the boat & photo of CE plate • Yacht’s operator passport/ID Card • Owner’s Passport/ID Card • Director’s Passport (in case of owning company) • Radio operator’s license (mandatory) • Sales Agreement or Bill of Sale • Tonnage Certificate and/or Survey Report and/or Builder’s Certificate and/or CE Certificate and/or Boat’s Manual • Any EU skipper’s license • Precise name. model, serial number, CE number of the Radio Equipment onboard & EPIRB

• DELETION CERTIFICATE from previous flag (w e can assist to obtain deletion from previous Flag)! 3. COMMERCIAL BOATS up to 24 meters. Registration under the Polish Registry and the Polish Commercial Flag. Complete (all-inclusive) package that includes the Polish Flag Registration; measurement, radio licensing; all applicable surveys (surveys could be conducted outside of Greece at an additional cost to be determined for the owner); registration with all pertinent administrative bodies in Greece; all technical/safety licensing; charter licensing; legal representation; accounting; virtual premises; legal assistance; in other words, everything from A to Z to enable your good boat to engage commercially in Greece (and abroad) with peace-of-mind for you & your charter operation!

• Photo engine plate & outside photos of the boat (especially where it bears its name) • Photo of the hull number appearing on the boat & photo of CE plate • Yacht’s operator passport/ID Card • Owner’s Passport/ID Card • Director’s Passport (in case of owning company) • Radio operator’s license (mandatory) • Sales Agreement or Bill of Sale • Tonnage Certificate and/or Survey Report and/or Builder’s Certificate and/or CE Certificate and/or Boat’s Manual • Any EU skipper’s license • Precise name. model, serial number, CE number of the Radio Equipment onboard & EPIRB • Polish Commercial Yacht Registration & MMSI (will be provided by us • DELETION CERTIFICATE from previous flag ( we can assist to obtain deletion from previous Flag)!

4. COMMERCIAL BOATS up to 24 meters. Registration under any other (pre-existing) Flag State (that the boat already hoists) & pre-existing owning company; measurement, radio licensing; all applicable surveys (surveys could be conducted outside of Greece at an additional cost to be determined for the owner); registration with all pertinent administrative bodies in Greece; all technical/safety licensing; charter licensing; legal representation; accounting; virtual premises; legal assistance; in other words ,everything from A to Z to enable your good boat to engage commercially in Greece (and abroad) with peace-of-mind for you & your charter operation!

5. Greek Shipping Companies (either NEPA and/or IKE). All-inclusive constitution, registration of those completely tax-free Greek owning companies. Ideal for your charter operation in Greece.

• Moreover, we can assist you with any other requirements you may be having. And we are one-click away only from you! Please email us to [email protected] and we’ll be here to help!

Please also check all our websites:

https://yachtregistrationisleofman.com/

https://yachtregistrationspoland.com/

https://yachtregistrationsmalta.com/

https://yachtregistrationcyprus.com/

https://yachtregistrationsslovenia.com/

https://yachtregistrationsgreece.com/

https://internationalshipregistries.com/

ALWAYS AT YOUR SERVICE!

INTERNATIONAL SHIP REGISTRIES (WORLDWIDE) LLC The Management & Customer Service Team

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New regulation on yachts chartering in Greece to go ahead

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By Katia Damborsky   1 November 2018

A ministerial decision has led to new regulations being put in place which may limit the flexibility of yacht charters in Greece .

Last month, a decision was made by the Greek government stating that foreign-flagged yachts chartering in Greek waters will need to spend more than 50 percent of their distance travelled while chartering in the open seas in order to benefit from VAT exemptions.

This comes after a decision was put in place last year, stating that foreign-flagged yachts wishing to begin or end a charter in Greece would need to go through the arduous process of obtaining a Greek charter licence.

If these specifications are not met, yacht-owners will not be able to benefit from VAT exemptions on fuel, provisions and equipment while their yachts are chartering. If not adhered to, yachts could be subject to a VAT liability, arising on the value of the hull.

The clampdown may lead to yachts being deterred from chartering in the region, according to Jennifer Timinis, communications director of Greek yacht agency and management company Oceda.

“ ‘The open seas’ is defined as six nautical miles away from the coast,” explains Timinis, “but in Greece, there are so many islands, it’s very difficult to spend 50 percent of total charter distance travelled in open seas.”

“At the moment, it doesn't look like simply entering open seas will suffice to comply with regulations." She continues. "Yachts have to literally spend 50 percent of cruising time in those waters."

Under the new regulations, all owners wishing to benefit from VAT exemptions will have to use AIS to keep full records of all charter movements. They can then be inspected by authorities to ensure their yachts are complying with the rule.

"There are still too many grey areas to be able to give clear advice and we are still awaiting more input from the government on how such regulations will actually apply.” Says Timinis. 

The decision was made by the Greek government, which has been under pressure by the EU to limit tax exemptions on vessels which are available to charter. “The EU has pushed for this, but I don’t think our government did a good job at fighting it." says Timinis.

"I think they probably saw it as a good opportunity to cash in from the yachting industry, which unfortunately is dreadfully short-sighted."

As seasoned charterers will know, the Greek charter market has always operated differently compared with the rest of Europe. Regulations in France, Italy, Spain and Croatia are more flexible, and involve a simple VAT registration for foreign-flagged yachts chartering in their waters.  "Each EU country is more or less on the same page except for Greece,” confirms Timinis.

In Greece, there are so many islands, it’s very difficult to spend 50 percent of total charter distance travelled in open seas. Jennifer Timinis, Oceda

“It’s almost as if the [Greek] people advising the government aren’t really part of the industry, they don’t understand how the rest of Europe works. If they did, we would just mirror their procedures, with clear-cut rules in place which would allow the local market to flourish." Says Timinis.

“The current system in place is so complicated that as a result, foreign-flagged boats do not bother with the Greek charter licence and simply start and end charters outside of Greece, meaning the country misses out completely on that VAT - let alone fuel, provisions and other supplies which would normally be delivered at the start of a charter. "

It will take some time before grey areas are clarified and the regulations are put in effect. Until that time, Timinis says we can expect some intense lobbying from yacht-owners and the local market.

“It’s a shame because Greece has 6,000 islands and islets in total, so you have unrivalled cruising diversity. You have Mykonos and Santorni if you want to do the whole shops, clubs, restaurants, bars thing, and then you have the milder, but still lively, islands to choose from - and then you have the more remote islands, with stunning scenery and secluded bays. Green islands, barren islands, whitewashed islands, - you have everything.” Says Timinis.

YachtCharterFleet will be sure to keep you updated with more news as this story progresses.

In order to find out more about chartering a yacht in Greece, please get in touch with your preferred charter broker .

Alternatively, view all superyachts for charter in Greece .

Charter yachts available in Greece:

53m Feadship 1997 / 2009

48m CRN 1996 / 2016

49m Mondo Marine 2006 / 2022

50m Amels 1999 / 2020

48m ISA 2006 / 2023

59m Lurssen 2003 / 2017

56m Picchiotti 1985 / 2017

85m Golden Yachts 2018 / 2024

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