Buying or selling a yacht
| Step | What we do |
|---|---|
| Offer and MOA | Draft or review the memorandum of agreement |
| Survey and sea trial | Conditions and acceptance |
| Title and debts | Registry checks, liens, mortgages |
| Closing | Bill of sale, payment, deregistration and new registration |
Flag and registration
We advise on the flag that suits your use, coordinate the registration and, for Spanish-flagged yachts, the documentation required by the maritime authorities.
Charter in the Balearic Islands
Chartering a yacht commercially in Spanish waters requires authorisations, insurance and compliance with crew and safety rules. We review charter agreements and help operators comply.
Yacht taxes, crew and berths
VAT, the special matriculation tax and corporate structures are planned with our tax lawyers. For crew and berth disputes see maritime lawyer, and for unpaid claims ship arrest.
Example: yachts in Mallorca
Based on situations we commonly see; not a specific client. A Swiss buyer agreed to purchase a 24-metre motor yacht in Palma. Our registry checks found an undisclosed mortgage from a foreign bank. The closing was restructured so that the mortgage was paid off from the price before the bill of sale was signed.
Our collaborators for yachts in Mallorca
For every service we work with trusted collaborators when a matter needs them: notaries, architects and surveyors, tax advisers at Castell.tax, sworn translators, banks and mortgage brokers, property managers and specialist lawyers in other parts of Spain. You keep one lawyer as your single point of contact, and we coordinate everyone else.
Castell.law is the English and German-speaking practice of Castell Abogados, a law firm in Palma de Mallorca. This page is general information, not advice on a specific case: laws and procedures change, so check your situation with us before acting.
Not sure where you stand? Ask before you sign
Tell us about your matter or send us the documents you have. A lawyer will explain the risks, the options and the cost before you commit to anything.
Questions about yachts in Mallorca
Do I need a lawyer to buy a yacht in Mallorca?
It is strongly advisable to check title, debts and the contract.
Which flag should my yacht have?
It depends on use, crew, charter plans and tax; we compare options.
Can I charter my yacht in the Balearics?
Only with the authorisations required for commercial charter.
Do I pay Spanish tax on a yacht?
Possibly VAT and matriculation tax, depending on use and owner.