BVI Strengthens Its Position as the Ultimate Yachting Playground
BVI yacht tax exemption – The British Virgin Islands have taken another bold step to secure their place at the heart of the global yachting scene. The government’s latest reform exempts BVI-registered vessels from import duties, modernising the territory’s maritime framework and creating a more attractive environment for yacht owners and charter operators. This initiative signals a strong commitment to supporting the blue economy and ensuring the Virgin Islands remain a preferred destination for luxury yachting, investment, and marine tourism.
Major Tax Advantages for U.S.-based yacht buyers
Besides the new BVI yacht tax exemption for U.S.-based corporations, the timing couldn’t be better. With the continued availability of 100% Bonus Depreciation, yacht ownership through a corporate structure can deliver significant tax savings. By purchasing a yacht and placing it into a legitimate charter program, owners can offset much of the acquisition cost through accelerated depreciation—making it not only a lifestyle investment but also a strategic financial move. The combination of BVI’s maritime incentives and U.S. tax advantages offers a unique opportunity for yacht buyers looking to maximize both pleasure and profit.
Ready to explore your yacht ownership strategy?
If you purchase your yacht today, you can write it off by the end of 2025 while earning a steady income from the upcoming Caribbean charter season and save money with the new BVI yacht tax exemption. Talk with Virgin Islands Yacht Broker (VIYB) today to discover how you can combine smart tax planning with the ultimate Caribbean yachting lifestyle.
Your VIYB team
