The French authorities have issued further clarification of the social security legislation that created such confusion amongst the yachting sector on the French coasts last year. The interpretation now is getting closer to that we are used to seeing in other jurisdictions and the shipyards of France will be particularly pleased with the exclusion of vessels undergoing maintenance. French shipyards have reportedly lost billions of € since the legislation came into force last year because yacht owners/managers specifically avoided using these facilities (as per this article).
Voyonic Crewing Limited and our partners Aspire Corporate Services Limited continue to monitor the situation and provide advice and support to our clients as we continue to navigate through the uncertainty brought about by last year’s announcements and confusion.
