A break-trough in the yachting system

2 MINUTES READ

International promotion and the development

The Italian Marine Industry Association Ucina Confindustria Nautica at Boot Dusseldorf held a conference titled ‘Italy, a break-trough in the yachting system’ to present the state of art of the Association’s lobbying efforts that go to favour the international promotion and the development of the entire Italian recreational boating sector. The reformation of the Italian Nautical Code (Codice della Nautica), that Ucina requested moreover to make registering a boat or a yacht in Italy easier and more economically viable. Amongst the most important elements are the removal of limits for registering a yacht on the International Registry, a measure that brings significant fiscal advantages for commercial yachts, and the introduction of new simplified documents for vessels and crews.

Ucina Boot

The new Passenger Yacht Code for passenger vessels that can carry up to 36 passengers is another of the most important news. These vessels will now be considered commercial yachts. The establishment of the International Chamber of Nautical and Marine Arbitration to represent the interests of all the companies who work in the nautical sector and to help resolve legal and technical problems of all kinds, as long as they regard the sea and seagoing activities. This Chamber will help resolve design, construction and sales contract disputes and disputes on transportation, delivery, mediation and brokerage, docking, rentals, chartering and other nautical services.

Other succesful actions promoted by Ucina in cooperation with the Italian goverment, have been hightlighted during the conference, such as:

  •  the new Italian Nautical Code released last November that includes simplified rules and regulations
  • VAT exemptions applied to commercial shipping
  • Regulations for the application of a 10% VAT rate on yachts that dock on the Italian waters for up to one year
  • a flat tax rate, introduced by the Italian Government, for foreigners who become Italian fiscal residents
  • the new International Chamber of Maritime ArbitrationUcina Boot

All these above measures make Italy more competitive than other Mediterranean and European countries. These countries are taking measures that make deep negative effects on recreational boating. While, in fact, Croatia have raised up the entry fee tax, French tax law penalises crews and owners and Spain levies a corporate tax on charters, the Italian tax reforms mentioned above, supported by Ucina, make the ‘Bel Paese’ an even more attractive and economically competitive destination for the international yachting community.

Share on facebook
Share on linkedin
Share on twitter
Porto Montenegro Sunset View 00 Marinas

Porto Montenegro introduces new sustainable measures

Porto Montenegro is the world’s first marina to receive the Platinum accreditation from The Yacht Harbour and Marina Industries Associations Porto Montenegro, the Mediterranean’s leading …

Sirena 88 Yachting

Sirena Yachts sells five flagship Sirena 88 in five months

After an excellent debut at the 2019 Cannes Yachting Festival, the Sirena 88 has proven its global appeal with sales to owners from around the …

X5⁶ Yachting

The new X5⁶: Designed with serious cruising in mind

The X5⁶ is a fifty-six-foot performance cruising yacht designed with serious cruising in mind; be that crossing the Atlantic, or exploring beautiful Mediterranean islands. The …

Montecristo Yachting

Spadolini’s pocket superyachts Montecristo 30 and 43

Italian designer Tommaso Spadolini has revealed details of a dynamic series of pocket superyachts, all-aluminium Montecristo 30 and Montecristo 43. “The name was inspired by …

Extra 93 Yachting

Extra 93: Three decks of extra comfort

With the addition of Extra 93, the Extra line gains a new 28.5-metre model and confirms Palumbo Superyachts’ determination to build something special and unique …

Axopar Brabus Yachting

New 37 range and Brabus Shadow 900 from Axopar

In less than four years, the ground-breaking Axopar 37 has revolutionised the market for outboard-powered sports weekenders and cabin boats with its unique concept. Axopar’s …

This is photo of a Bloc Outdoor, furniture design Luxury

What makes Outdoor Living Culture?

The main features of each piece of the Bloc Outdoor brand are sophisticated design in several lines that meet the highest standards of luxurious lifestyle, …

This is photo of a electric surfboard Lampuga Yachting

Seven Electric Surfboards to Catch a Wave

This elegant personal watercrafts deliver everything users can expect from a 21st century water toys: they are fun, safe and powerful. Just turn on the …

This is photo of a Heesen Ela Yachting

Super-efficient Heesen MY Ela Heads to Med

Heesen announced the delivery of YN 19550 MY Ela, formerly known as Project Altea At 50 metres overall with a lightweight, aluminium, fast-displacement hull, she …

This is a photography of Azimut 68 Yachting

First Look at New Azimut 68: A Yacht for the World

The newest model in the Flybridge Collection is the Azimut 68: a high-tech yacht with a selection of three different layouts on the Main Deck …

This is photo of a Cap Aureo dish Gastronomy

Cap Aureo: Istrian Flavour Theatre

Cap Aureo is the flagship of Maistra’s restaurant portfolio and since its opening two years ago it has been setting high standards for the fine …

This is photo of a Dominique Chenot Interviews

Dominique Chenot: Ageing Delay Protocol

Dominique Chenot, co-founder of Chenot, whose newest Espace has been opened in the One&Only Portonovi resort, reflects on their medicinal and therapeutic approach to wellness …

Scroll to Top