Jamaica Ship Registry close to superyacht breakthrough

The Jamaica Ship Registry is seeking to enhance the quality of its service to the superyacht sector, the growth of which up to now has been hindered by the issue of Customs Duty payments, General Consumption Tax and other charges for the importation of yachts into Jamaica.

However, several consultations between representatives of the local yachting community, customs department, the administration and other relevant agencies are reported to be at an advanced stage towards replacing the aforementioned duties with an annual fee and/or a cruising permit, making the system less onerous for superyacht operators.

Jamaica has also secured an agreement with the United States of America which allows Jamaican-flagged yachts to call at a US ports and remain there for up to one year without being liable to pay any customs duty.


Related Links

Jamaica Ship Registry Website

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