In a move to bolster and support cruising in its waters, the government of St. Lucia has announced new, revised policies regarding yachting.
Announced by the St Lucia Ministry of Tourism and Civil Aviation, the policies have been created to stimulate growth and development in St. Lucia’s yachting sector. These new rules will facilitate clearing in and out of the country, as well as an ease on taxation and many other added benefits.
Some of the changes include:
â— 100% waiver on income tax from operations for the first 5 years for local charter companies with a minimum of 1 captain and 3 crew members and a fleet of 3 or more power or sailing vessels
â— Approval has been given for the formation of a Yachting Committee, that falls under the purview of the Ministry of Tourism and Civil Aviation and will incorporate all relevant institutions that function to regulate the yachting sector in St. Lucia
â— 100% waiver of import duty and consumption tax on boat safety equipment and watercraft activity equipment, which includes sport fishing, SCUBA diving, kite surfing and other water sports, subject to verification of the Bill of Quantities by the Ministry of Tourism and Civil Aviation for 5 years from date of cabinet conclusion
â— 100% waiver of import duty and consumption tax on all equipment and materials imported or purchased locally for use in the establishment of infrastructure to service yachts over period of 5 years, subject to verification and approval of the Bill of Quantities by the Ministry of Tourism and Civil Aviation
â— The Government of Saint Lucia has waived the visa requirements for Russian and Australian nationals so that Russian and Australian nationals no longer require visas to enter Saint Lucia.
Jana Sheeder, President of SailAway Yacht Charters applauds the new regulations. Says Sheeder, "These changes will benefit everyone in the yachting industry, from owners and their crews, to charter guests and yacht service businesses. Most importantly, bolstering the yacht industry will have a positive economic impact on the residents of St. Lucia."
Sheeder is especially excited at the prospect of easing visa restrictions for Russian travelers. "Caribbean yacht charter vacations are extremely popular with Russian customers," says Sheeder. "Any steps we can take to facilitate their ability to travel freely will encourage more Russians to visit the islands by boat."
Learn more about chartering in St Lucia and the Grenadines. Contact the SailAway yacht charter destination specialists at http://www.1800sailaway.com/contact_us.html to plan a winter yachting holiday.
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