A new law which was beginning to have a damaging effect on superyachts in France was officially overturned last Friday.
Following a successful six month campaign led by major yacht companies and trade organizations, French ministers last week declared that superyacht crew will no longer be made to make social security contributions.
Announcing their decision via their website, the French marine authorities explained how ‘the Prime Minister has fully grasped the problem’ and, subsequently, ‘the withdrawal of this measure is registered’.
Sure to please owners keen to base their superyachts in the French Riviera both privately and for charter purposes, this overturning will also prove beneficial for businesses on the mainland. Indeed, in a previous article we looked at how the decree had led to Local Businesses Suffering From Fewer Superyachts In Popular French Ports.
A decree which threatened to destabilize many facets of the established yachting industry in France, economic forecasters predicted that brokerages, shipyards, and marinas would all suffer should owners decide to berth their vessels elsewhere in the Mediterranean.
Of course, charter guests can be particularly excited as it is expected that a wide range of motor yachts and sailing yachts will remain available for vacations in the stunning waters now that the overruling has been confirmed.
The overturning of these restrictive laws is sure to increase superyacht charter activity in France
Clearly a necessary overruling, the chairman of the Beneteau Group reported that French yachting businesses suffered an alarming 30 to 40% drop in business over the summer.
Now, with the ability to operate in France without harsh measures being imposed, it is hoped that things will return to normal for superyacht owners and charter guests.
As ever, any new developments which unfold in regards to this law will be extensively covered by YachtCharterFleet.
- Brand new ‘go-anywhere' M/Y ‘Planet Nine’ to open for charterAn incredibly powerful world explorer in a class of its own, the brand new 73m/240ft motor yacht ‘Planet Nine’ from Adm...
- 6 brand new charter yachts entering the market in 2018Want to be amongst the first to experience the features of a brand new superyacht in 2018? We’ve got you covered in our...
- The 5 Largest Charter Yachts Launched In 2017Rounding-up some of the hottest deliveries of the year, we countdown the 5 largest charter yachts which were launched i...
- 10 of the best new superyachts to charter in 2018Be amongst the first to experience the future by chartering one of the best new superyachts in 2018.
- Blue Planet TV series superyacht ALUCIA now available to charterCausing a sensation when she appeared on the second season of the hit BBC series Blue Planet in winter, the 56m/183ft e...
- Inside Below Deck Mediterranean Season 3 M/Y ‘Talisman Maiton’Premiering on Bravo TV on 15th May, Below Deck Mediterranean Season 3 will see Captain Sandy Yawn and a cast of familia...