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Bon appetit! Motoryacht TAKARA will begin the 2017 Balearic Island yacht charter season with a new chef in the galley.
“Available in the Balearic Islands, M/Y TAKARA begins (the) 2017 season with a new super experienced Chef in her crew,” reports the yacht’s manager. “Chef Daniel Wilbor begins a new professional venture on board…With over 10 years of experience in the yachting industry he has already worked as a chef in 11 different yachts and has sailed all across the Atlantic Ocean! Born in Great Britain, he describes himself as a creative, competent and talented cooker with an special interest in Thai cuisine.”
She then gave us more information about him: “He also has a wide repertoire and can produce excellent meals from Mediterranean to Japanese, Indian and Asian Fusion, or North American and English dishes, all to a very high standard. His style is fresh and innovative combining a respect for quality products and a good arsenal of both classical and modernist cooking techniques.”
Delicious, well-plated meals are integral to the overall Superyacht Experience, and it’s always good news when a chef like Daniel joins a professional superyacht team.
The San Lorenzo 126 yacht TAKARA is one of our newest additions to the Ibiza yacht charter fleet. This is a brand new, 2016 model, 38 meters in length, with comfortable accommodations for 12 guests in 5 staterooms (1 Master, 1 VIP, 1 Double and 2 Twins – with a Pullman berth in each)
Chef Wilbor will be part of a 6 person crew.
Motoryacht TAKARA is fully licensed to charter in Spain. This is extremely important and often overlooked by charter brokers and charterers. Without this special registration, a yacht cannot begin and end a charter in Spanish waters; furthermore, local Spanish workers like massage therapists, are precluded from coming aboard and providing services for the charter guests. Without having a Spanish yacht charter license, a superyacht needs to begin and end the charter in a remote location, like France, which adds wasted time and increased fuel costs to the overall charter. That is not the Superyacht Experience we envision for our clients!
July and August = 24.000€ per day — 145.000€ per week + 21% VAT
Rest of the year = 21.500€ per day — 130.000€ per week + 21% VAT
(The price includes a berth in Palma Mallorca in the summer season)
Come experience the talented menus of newly-welcomed Chef Daniel Wilbor onboard yacht TAKARA this summer. Plan a private luxury yacht charter in the Balearic Islands of Spain. Text “TAKARA” to 305-720-7245 for more information or complete our online inquiry form at https://www.1800yachtcharters.com/book-now-contact-us/ , and we will contact you right away!
This entry was posted in News Educational and tagged Balearics, crew, Spain yacht charter, Ibiza yacht charter, the superyacht experience, Mallorca, San Lorenzo, chef, Spain license, Balearic yacht charter, Takara, Chef Daniel Wilbor, new hire, superyacht crew, platedPosted on
Hardly a week goes by that someone doesn’t ask us one of two common questions about charter yacht 11-11:
What does the name mean?
Why is the bow flat?
As to the first question, the name has a dual meaning. Primarily, motor yacht 11-11 is named for the birthday of the yacht owner’s daughter. The secondary meaning relates to numerology, where some believe that events linked to the time 11:11 appear more often than can be explained by chance or coincidence. With some New Age philosophers assigning mystical powers to the numbers, seeing 11:11 pop up on a clock has morphed into a whimsical moment to simply, “make a wish.”
Explaining the reason for the yacht’s unique bow is quite pedestrian and far less ethereal. It is simply a matter of physics. Measuring 63-meters, Benetti yacht 11-11 is part of the Italian manufacturer’s custom line of superyachts. The distinctive plumb bow, also referred to as an axe bow, was added for hydrodynamic efficiency. In laymen’s terms, the vertical bow avoids upward push from waves when the yacht is underway. By keeping the bow down, this result is a surprisingly stable ride, as compared to yachts with traditional, angled bows…
The award-wining yacht (she took home top honors at the 2016 World Superyacht Awards as Best Displacement motor yacht of 500 GT to 1,299 GT) with the cute name and unique look, accommodates up to 12 private luxury yacht charter guests. Her layout boasts not one, but two owner suites – a full beam cabin on the main deck, as well as a second on the upper deck.
Join Jana Sheeder, our company President, as she takes us on a video tour of this spectacular vessel:
This beautiful yacht is a frequent visitor to our home town of Miami, and is available for Bahamas yacht charters in the winter and spring. In the summer, her 16-member crew takes her across the pond to the Mediterranean, where she is available for charters in Italy and France. Now that her owner has secured a Spanish charter license, the yacht can also offer charters in the Balearic Islands (e.g. Palma, Ibiza, Majorca, Menorca, et al).
Her weekly charter rate is €650,000 plus running expenses. For further information, click HERE.
This entry was posted in News Yacht of the Week Frequently Asked Questions and tagged motoryacht charter, Mediterranean yacht charter, Jana Sheeder, president of 1-800 Yacht Charters, Ibiza yacht charter, Benetti, yacht charter Spain, motoryacht, south Florida, 11-11, yacht videos, yacht name meaning, yacht tour, Miami yacht charterPosted on
If Spain is hoping to entice more private luxury yacht charter business in the Balearic Islands, they have a funny way of showing it.
Regular readers of our blog might recall the controversy surrounding Spain’s 13.7% yacht charter Matriculation Tax (blog September 14, 2013). Heavy lobbying by the Spanish yachting and marina industries saw that tax removed. Spain, however, is still imposing far greater taxes on charters than fellow European Union countries like France, Italy and Malta.
Case in point – a specific yacht that is legal for charter in both Spain and France will incur TWICE as much VAT liability in Spain, even though the tax percentages are nearly identical!
A yacht charter example:
Formula 1’s Eddie Jordan often keeps his Sunseeker 155 motor yacht BLUSH in the Balearic Islands for the summer charter season. When there is demand, the yacht can easily reposition to the South of France for clients who prefer a French yacht charter vacation, even dipping into the coastal areas of Italy and nearby islands of Sardinia and Corsica. The weekly charter rate remains the same between both destinations (€220,000 per week in high season), and the VAT rates are almost identical: 20% in France and 21% in Spain.
A client who charters Sunseeker 155 yacht BLUSH in Ibiza, however, will see a tax of €46,200 on his charter agreement, while a client chartering the yacht in Cannes, will incur a charge of just €22,000.
If you’re the client taking the yacht in Spain, one word comes to mind (well, maybe a few words…), most notably, “OUCH!”
So what is the explanation? Why the drastic difference if the tax rates are nearly identical? The answer can be found in Article 58 of European Union Council Directive 2006/112/EC.
We’ll let our company President, Jana Sheeder, explain why this is the case:
“The European Union directive on VAT, as it relates to private yacht charter revenue, has a clause entitled, ‘criterion of effective use and enjoyment.’ This clause allows member states to implement a VAT reduction scheme. However, it is not compulsory. Popular cruising destinations like France, Italy, and Malta all take advantage of this opportunity to reduce VAT. Unfortunately, Spain does not.”
In our example above, the client who charters motor yacht BLUSH in France, ends up with an effective tax rate of 10%. The client who charters this yacht in Spain pays the full rate of 21%.
Note – the tax savings only kicks in when the chartered yacht cruises beyond 12 nautical miles – in essence, into international waters and out of the borders of the European Union. This is a simple task and almost all charter yacht captains will implement this strategy in order to save the charter customer 50% of the VAT rate. However, even if a yacht in Spain sails beyond the 12 nautical mile boundary, the Spanish government still insists on collecting the full VAT fee.
The Member States of the European Union include:
For those readers who enjoy the technical details, here is the verbiage of the directive:
In order to avoid double taxation, non-taxation or distortion of competition, Member States may, with regard to the supply of the services referred to in Article 56(1) and with regard to the hiring out of means of transport:
Alex Chumillas, the director of Tax Marine explains the directive and the result of Spain’s decision: “As is clearly defined in paragraph (a), the provision seeks to minimise VAT taxation applicable to certain services, among them the hiring out of means of transport (for instance charter),” “However, the provision has not been implemented in Spain. Therefore, chartering in Spain is subject to a flat VAT rate which does not benefit from any reduction, even when sailing beyond 12 nautical miles.”
Paragraph (b) allows Spain to levy VAT charges on certain services that have been provided outside of Spain – if the services are enjoyed inside of Spain. Let’s say a charter starts in Gibraltar. The yacht will need to register for VAT and pay VAT on the length of the charter in Spain (and of course, pass then expense on to the charter customer).
By choosing to implement paragraph (b) only, the Spanish government has chosen to only apply the more burdensome element of the directive. Is this the right thing to do to people wanting to experience travel in your country?
Like they did with the repeal of the oppressive matriculation tax in 2013, let’s hope the legislators in Spain come to realize a reduction in VAT will make the Ibiza yacht charter market competitive with neighboring France and the rest of the European Union states that derive strong financial benefits from the private luxury yacht charter industry.
VISIT https://www.1800yachtcharters.com/yacht-charter-monaco/ for a sampling of private yachts for hire in the Balearic Islands and throughout the Mediterranean this summer, courtesy of 1-800 Yacht Charters.We will be happy to create The Superyacht Experience for you.
This entry was posted in Destinations News and tagged Jana Sheeder, president of 1-800 Yacht Charters, Sunseeker, Spain yacht charter, Ibiza yacht charter, Blush, Corsica, Sardinia, South of France, VAT, Balearic Islands, yacht charter matriculation tax, European Union Council Directive, Member States, Article 56(1), Tax MarinePosted on