Caribbean Compass Yachting Magazine January 2017
Welcome to Caribbean Compass, the most widely-read boating publication in the Caribbean! THE MOST NEWS YOU CAN USE - feature articles on cruising destinations, regattas, environment, events...
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Info & Updates<br />
Martinique Eases Duty-Free Rules for Yachts<br />
Douglas Rapier reports: Following major efforts by the Martinique <strong>Yachting</strong><br />
Association (MYA) to get the French islands in line with the rest of the <strong>Caribbean</strong><br />
regarding full duty-free and VAT-free practices for visiting yachts, the government<br />
BEN FARNHAM<br />
• The Customs charge due on all materials imported from a non-European<br />
Community country (USA, Canada, Latin America, etcetera); its rate varies from four<br />
to 12 percent.<br />
• VAT at the time of sale; it is 8.5 percent on materials, labour and services.<br />
Definition of a visiting pleasure yacht: ANY yacht that is within the 18-month visitation<br />
window allowed between its clearance in and its clearance out.<br />
All yachts flagged in European, North and South American, or any other countries<br />
are eligible for these procedures.<br />
Exception: Yachts flagged in Martinique and Guadeloupe are NOT eligible for<br />
these procedures.<br />
The duty/VAT savings of the above can be achieved through a company offering<br />
a one-stop Customs portal for visiting yachts:<br />
• To import bona fide ship’s stores duty-free and VAT-free (via “PST” procedure).<br />
• To have all repairs and maintenance done VAT-free on parts and VAT-free on all<br />
professional labour (via “PA” procedure).<br />
Douglas Yacht Services (DYS), located in Le Marin, has arranged with Customs to<br />
be a one-stop Customs portal in order to provide these services to visiting yachts.<br />
DYS has put in place a transit bonded warehouse to facilitate handling of any specific<br />
demands, such as shipments arriving in advance of the yacht’s arrival. DYS has<br />
engaged a Customs bond in order to be able to offer these services.<br />
With these procedures, Martinique is now well positioned to offer its high level of<br />
technical competence to the international yachting community. With the recent<br />
investment in a high-class haulout facility with two new travel lifts of 80 and 440 tons<br />
(up to 50 metres LOA), the yachting base in Le Marin is now in a strong competitive<br />
position. Indeed there are over 1,500 yachts based here in the bay of Le Marin all<br />
year round. This facility is backed up by the existing float-in/float-out dry-dock in Fort<br />
de France with a capacity of up to 170 metres LOA.<br />
Contact Douglas @yachtservices.fr for more information.<br />
JANUARY <strong>2017</strong> CARIBBEAN COMPASS PAGE 4<br />
has agreed as a first step to a simplification of existing duty-free and VAT-free rules<br />
for repair and maintenance for visiting yachts.<br />
For all visiting pleasure yachts, the duties and taxes that these procedures can<br />
avoid are:<br />
• The duty called “octroi de mer” on all materials; its rate is typically about ten percent.<br />
Venezuela Clearance Updates<br />
Venezuela gives visiting yachts an 18-month cruising permit on entry, but this must<br />
be renewed every three months. To check in you will need the following: boat documentation<br />
or registration, clearance from last port of call, passports for all crewmembers.<br />
Note that US passport holders will need a visa before entry to the country.<br />
This is strictly enforced.<br />
At the current time the Port Captain requires a fee of US$17.70 paid by wire transfer<br />
to a bank in Uruguay. In Puerto La Cruz, this can be handled by Keigla Boat Services<br />
at Marina Bahia Redonda (Keigla speaks Spanish, English and French); the current<br />
cost there including bank transfer fee is US$69.70 ($17.70 for the Port Captain and<br />
$52 bank transfer fee).<br />
The total cost for check-in as of November 2016 — including taxes, agent’s fees,<br />
and Immigration — is US$80, plus a separate $17.70 to the bank in Uruguay for the<br />
Port Captain’s fee (if Keigla Boat Services does the transfer for you it is $69.70 total<br />
for the Port Captain’s fee and bank transfer).<br />
If you decide to do the clearance yourself, the captain and crewmembers must go<br />
to the Immigration and Customs office. The nearest office to Puerto La Cruz is located<br />
in the city of Guanta, about a 20-minute drive. You will have to go to a bank and<br />
make a deposit, and you will have to buy the relevant tax stamps. After you have<br />
cleared Customs and Immigration, you need to visit the Port Captain’s office.<br />
—Continued on next page<br />
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Doyle Sailmakers BVI, Ltd<br />
Road Reef Marina<br />
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AMD<br />
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Zeilmakerij Harms<br />
Kapiteinsweg #4<br />
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