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By David Robinson

The change in Spanish tax regulations in 2013 has given Spain’s charter market a real boost, with the impact of the tax removal especially being felt in Palma, Spain’s leading superyacht centre.

This is the backdrop to the start of the 32nd Palma International Boat Show and 3rd Palma Superyacht Show, which both opened on Thursday and run until May 4. The shows are organised by the Balearic Yacht Brokers Association in collaboration with MYBA.

In a press statement the organisers say: “The two shows are considered one of the most important nautical events of the Mediterranean and the largest in the world in terms of sailing yachts.”

The shows will be exhibiting some 2,800 brands from 15 countries.

The Palma Boat Show features 117 yachts up to 30m (98.5ft), while the Palma Superyacht Show includes 63 yachts, of which 70% are superyachts. This is much higher than the 2014 superyacht show, which included 56 craft.

Last year 36,000 people visited the shows and it is anticipated the 2015 number will reach 40,000.

The largest yacht at the show is the 51.8m (170ft), €20m sailing superyacht Mondango, built in New Zealand by Alloy in 2008. She is being exhibited by Burgess/Dubois for charter and sale.

The smallest yacht at the show is the 13.26m (43.5ft) Aleda exhibited by Oyster Yachts.

The two shows are self-financing and there is a budget of €450,000, which was explained at a press briefing earlier this year by the Minister of Economy & Competitiveness of the Balearic Islands, Joaquin García. “This event,” he said, “is financed by the private sector and visitors, who pay €5 per ticket to visit it. This means that no public cash is designated to the Boat Show Palma.”

Alongside the shows will be two one-day conferences organised by Quaynote Communications. The first of these is entitled ‘The Future of Refit and Repair’, to be held on April 30. This will be followed on May 1 by ‘The Future of Captains and Crew’. Superyacht Business, is a media partner for the events.