St. George’s, May 13, 2010 – The Government of Grenada has reviewed fees for visiting yachts, and in line with much of the Caribbean, the cruising permit fee is now charged on a monthly rather than ‘one time’ basis.
The monthly cruising permit fees are as follows:
- Not exceeding 40 feet                                       50.00 EC$ ($18.62 US)
- Exceeding 40 feet but not exceeding 60 feet      75.00 EC$ ($27.93 US)
- Exceeding 60 feet but not exceeding 80 feet      100.00 EC$ ($37.25 US)
- Exceeding 80 feet                                             150.00 EC$ ($55.87 US)
Complete months spent in boatyards are exempt from the above fees.  MAYAG has requested that the exemption also be applied to time on the dock in marinas, as well as proposing an amnesty period for yachts already in Grenada with an old ‘one time’ cruising permit. MAYAG is awaiting confirmation from Customs on these requests, and we will publish more information as soon as it is available.
Overall, the tax and fee structure for yachts in Grenada is still favourable. Yachts in Transit pay only 2.5% on imported parts and supplies, and yacht services – including dockage and yard storage – for foreign flagged vessels are exempt from VAT.
For more information, please email MAYAG at mayagadmin2@gmail.com.
