21 November, 2024
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BAHAMAS
The rate of duty on pleasure vessels of less than 150 gross tons, but not less than 30 feet in length, is 10% (with an additional stamp duty of VAT cost of 7% + freight)..
Pleasure vessels of less than 150 gross tons but more than 100 feet in length are subject to a 5% duty rate (with an additional stamp duty of 1%).
Owners of foreign registered vessels (including U.S.) may keep them in the Bahamas for one year without paying duty and may extend this one-year stay for up to three years by paying a fee of $500 per year after the first.
To register a vessel in the Bahamas, the vessel must be there for a physical inspection.
All Yacht Registries, Inc.
The Full Service Yacht Registry Specialists
Jan Painter
janayri@gmail.com
239-285-8469
Lisa K. Swartz
LisaSayri@gmail.com
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