St. Lucia makes a move to bolster and support cruising in its waters. The government announced new, revised policies regarding yachting.
GROWTH AND DEVELOPMENT
Policies are announced by the St Lucia Ministry of Tourism and Civil Aviation. They create rules to stimulate growth in St. Lucia’s yachting sector. New rules facilitate clearing in and out of the country. They also ease taxation and include many other benefits.
CHANGES
There are five changes. For instance,
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
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
Additional Changes
Third, 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
Kitesurfing in St. Lucia on yacht charter
FINAL CHANGES
Fourth, 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
Finally, 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, COMPANY PRESIDENT, COMMENTS
Jana Sheeder, President of SailAway Yacht Charters and 1-800 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.”
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