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How will Greece’s regulation reforms impact charter this summer?
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Welcome to Yacht Charter Market, the weekly newsletter dedicated to the world of yacht charter.
In today’s newsletter:
Top story: How will Greece’s regulation reforms impact charter this summer?
Latest charter yacht updates: Limerence joins the Christie Yachts charter fleet, 107m Mar now offered by Behnemar Yachting, 10% discount on Wicked Play, Vision joins the C&N charter fleet, Edmiston offering Jaguar with special summer rates
Zairos: FX & Cross-Currency Solutions for Charter & Asset Payments
Charter photo: Monaco was the place to be this week and @tomclaeren proves it
TOP STORY
How will Greece’s regulatory reforms impact charter this summer?
As Greece continues to grow as a charter destination for luxury yachting, recent legislative changes are reshaping how commercial charters operate in the region.
With its clear waters, iconic coastline, and rich maritime culture, Greece remains one of the most attractive destinations in the Mediterranean. Thanks to the latest reforms, charter operations are now more structured and accessible than ever before, says Maria Ntouka-Montesantou, Managing Director of SOS Yachting Greece. Here we list the key requirements when chartering in Greece.
Marina Porto Heli (Credit: Travelworks Front Office)
Charter licensing in Greece: two main options
According to Greek Law 4926/2022, only vessels holding a valid charter license are authorised to operate commercially in Greek waters. There are two primary license types available:
3-Year Greek Charter License: Designed for EU-flagged yachts and eligible non-EU vessels over 35 meters made of steel, plastic, or aluminium. This license requires setting up a Greek branch or company, securing a PEXEPA Certificate, and submitting all required documents through the Ministry of Shipping.
28-Day Specified Period License: Launched alongside the e-Charter Permission platform, this license is ideal for occasional charters. It allows for operations up to 28 days per calendar year and requires a Greek VAT number, advance tax payments, and full compliance with document submissions.
Lucky Lady yacht anchored in Greece (Credit: @yachtluckylady / Charterworld)
Greek VAT on charter activity
Since April 2021, Greece has reduced the VAT rate on crewed charters. Under Law 5073/2023, the standard rate is now permanently set at 13%, with the possibility of reducing it to 5.2% for yachts with unlimited navigation.
In addition, TEPADAH and TEPADAH Plus cruising taxes apply to vessels operating under the 28-day license, whereas TEPADAH Plus is applied to all commercial yachts cruising in Greek waters and are over 7m even those not eligible to obtain the Specified Period Charter License. These fees are calculated based on gross tonnage (GT), length overall (LOA), and the duration of the charter within Greek territory.
Skantzoura, Greece (Credit: Giovanni Rinaldi / Shutterstock.com)
Guidelines on UBO Use and Private Periods
Greece also enforces clear guidelines around Ultimate Beneficial Owner (UBO) use of commercial vessels. Owners may use their yachts privately but must declare such periods. During these times, commercial benefits such as tax exemptions on fuel are suspended.
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LATEST CHARTER UPDATES
Find the latest charter news here. Email us your charter updates for a chance to be featured at [email protected].
☀️ Brand new superyacht Limerence now available with Christie Yachts
Limerence | 52.5 m (172'2" ) | Alia Yachts | 2025
Find out more about this awesome new charter yacht here.
🌟 107m Benetti superyacht Mar now available for charter exclusively with BehneMar Yachting
Mar | 107 m (351'0" ) | Benetti Yachts | 2020
Find out more here.
🚀 Wicked Play has 10% discount on charters between 10th-30th June with IYC
Wicked Play | 35.05 m (114'9" ) | Sunseeker | 2015/2022
Currently located in Croatia, find out more here.
Vision | 60 m (196'8" ) | Benetti | 2011
See her new charter brochure here.
Jaguar | 56 m (183'7" ) | Benetti | 2005/2023
Download her brochure here or reach out to Julie Pomaret.
POST OF THE WEEK
Each week we showcase a social media post that caught our eye. Submit yours to [email protected] for a chance to be featured!
“Kicking off the Weekend - Honored to welcome Will.I.Am as @coinpayments Special guest onboard the Ultimate Superyacht, F1 Monaco 2025.
©️ Prod. Event #TomClaeren
#F1Monaco #UltimateSuperyacht”
