Welcome To BVI Yacht Sales

Sail Monohulls & Multihulls for Sale

Motor Yachts & Power Boats For Sale

Best Buys in the BVI's

LATEST NEWS!

The steps to selling a yacht...

The steps to buying a yacht...

Why list your yacht for sale with us?

Why choose a Documentation/Titling Company?

FAQ's

About Us

Getting to Tortola

Where to stay in Tortola

Email Us

Testimonials

Inquiry Survey

 
BVI Yacht Sales Ltd. logo

FAQ's

Are there taxes involved in buying a boat in the British Virgin Islands?

BVI Yacht Sales Ltd. image

There is no sales tax in the BVI when purchasing anything but there is a 7% tax on hotels and car rentals, and an import duty of 5% on marine parts - more on other items. Taking your boat back into the USA or Europe may involve some taxes or fees so check what the laws are where you plan on keeping her.

BVI Yacht Sales Ltd. image

What is the currency in the BVI?

BVI Yacht Sales Ltd. image

The US dollar is the official currency of the British Virgin Islands. It is one of the very few countries or territories (other than the USA and its protectorates, of course) that does so.

BVI Yacht Sales Ltd. image

Are there any credit companies that provide financing in the United States?

BVI Yacht Sales Ltd. image

Yes, there are two companies that provide financing for the United States. Unfortunately, the BVI does not provide financing.


(1) Essex Credit Corporation, contact: Sheryl Boddy, Marine Finance Specialist, Fax: (402) 918-7608, Cell: (727) 463-1961, email: sboddy@essexcredit.com, website: https://www.essexcredit.com/home/boat/rates/
(2) Offshore Financial, Annapolis, Maryland 21403, contact: Kimberly A. Madigan, Regional Manager, phone: (410) 991-6602, 1 (800) 443-8656, email: kimmadigan@offshorefinancial.com

BVI Yacht Sales Ltd. image

What are marina charges like in the BVI?

BVI Yacht Sales Ltd. image

Nanny Cay Marina (where we are located) is quite representative with their marina rates - you can find them on their web site which also includes information on their facilities.www.nannycay.com

Some marinas with less facilities are lower cost down as low as $12/ft/month in some cases.

BVI Yacht Sales Ltd. image

Is there someone who can look after my boat for me?

BVI Yacht Sales Ltd. image

Yacht management companies can help manage your boat after purchase. Here are a few companies we recommend:

(1) Admiral Marine Management www.admiralbvi.com
(2) Antilles Yachts Ltd. www.antillesyachts.com
(3) Caribbean Yacht Management www.caribbeanyachtmanagement.com
(4) Island Yacht Management www.islandyacht.com
(5) Johnny’s Maritime Services, Contact: Johnny Hussan Tel: (284) 494-3661, Fax: (284) 494-0248
(6) Marine Management Services www.mmsbvi.com

Feel free to contact them for further information and pricing.

BVI Yacht Sales Ltd. image

Besides marina charges, are there costs to keep my boat in the BVI?

BVI Yacht Sales Ltd. image

There is an annual temporary import duty of $202 for a private yacht or, for shorter visits, there is a cruising tax of $2 per person per day December through April and $.75 per person May through November.

BVI Yacht Sales Ltd. image

How do we go about arranging a pre-purchase marine survey?

BVI Yacht Sales Ltd. image

Here are a few marine surveyor companies that you can contact for quotations:

(1) Caribbean Marine Surveyors www.caribbeanmarinesurveyors.com
(2) Hirst Marine Surveyors www.hirstmarine.com/ or Phone: (284) 494-2399
(3) West Indies Marine Surveyors www.westindiesmarinesurveyors.com
(4) Howe Marine Surveyors, Contact: William Howe, Phone: (340) 775-6081 Fax: (340) 775-6081 email: hms@unitedstates.vi
(5) For a Marine Surveyor in Florida, Contact: Gary A. Gillespie, Phone: (561) 301-1728 Fax: (561) 277-2420 website: www.enginesurveyor.com

Otherwise, contact us for a list of all the marine surveyors with trade licenses to operate in the BVI and USVI. Their prices range between $15.00 to $22.00 per foot and some include sea trial. We remain as neutral parties in this and do not make recommendations so you must choose one and contact them. They will let you know when their schedule can fit your request and we will ascertain if a lift facility is available for a short time (usually the lunch hour) while the surveyor inspects the underwater surfaces. The cost for this is usually around $5 per foot and there is an extra charge if they have to clean off heavy growth. If the boat is already on land a cost of typically $10/ft is charged to launch, then later haul again to return the boat to where you found it.

BVI Yacht Sales Ltd. image

How do we get deposits and balances to you and what happens to it?

BVI Yacht Sales Ltd. image

We have an escrow account where the funds are kept and we ask that these transactions are done by wire transfer as off-island checks (that is, written on any bank not in the BVI) can take 21 days to clear. Even checks written on a BVI bank will take a minimum of 3 days to clear. As this territory has a large off-shore banking industry, the banks adhere to a strict policy of funds transfer and large amounts of cash are not accepted for deposit. The banks also charge large fees to process credit cards of any kind and so we do not accept credit cards for any payment of funds. The funds sit in our escrow account until either a deposit is completely refunded to the buyer or else the purchase funds are transferred to the seller on Closing Day.

BVI Yacht Sales Ltd. image

Is insurance available for a boat in the Caribbean and how much will it cost?

BVI Yacht Sales Ltd. image

There are several insurance companies that service this area. Here are a list of a few that we recommend:

(1)Admiral Yacht Insurance, United Kingdom, Phone: + 44 (0) 1722 416106, Fax: + 44 (0) 1722 324455
(2)Caribbean Insurers, Contact: Jera, Road Town, Tortola, BVI, Phone: (284) 494-4467, Fax: (284) 494-4393, email: ciml@surfbvi.com
(3)Offshore Risk Management,PO Box 370, Cocoa, Florida 32923, Phone: (305)743-7711, Fax:(408)228-8937, email:wjc@offshorerisk.com, fax@offshorerisk.com

Website: www.offshorerisk.com www.offshorerisk.com Attn: William J. Coates Toll free: 1-800-773-0105 Office hours: M-T 9:00-16:00 Friday 9:00-15:00 Closed daily for lunch 12:00-13:30

They will want to know what you will be doing with your boat in hurricane season which they claim is June 1 to October 31. Insurance is slightly cheaper if you have your boat in the yard for this time or else have it taken to Grenada or further south, out of the hurricane zone. It usually cost about 2.5% of insured value, annually.

BVI Yacht Sales Ltd. image

Do I have to register my boat?

BVI Yacht Sales Ltd. image

Yes, registration is your boat’s passport and will be needed to exit and enter other countries.

BVI Yacht Sales Ltd. image

What kind of registrations are there and which should I choose?

BVI Yacht Sales Ltd. image

There are two kinds of registration: National Documentation registration and in some cases state registration.
Documentation (such as US Coast Guard, British Type 1 and Canadian) is the best but you need very clear title and all of the paperwork in order. It is usually done through your country of citizenship but can be arranged through a corporation formed for the purpose in most places. There are International Documentation companies that specialize in this type of registration and we highly recommend that you contact one such as Lisa Borkowski at ASAP Marine Documentation & Registration, Inc. (www.asapmarinedocumentation.com)for assistance.
State registration like the USVI or Delaware will get you to most places and is easily processed but the French islands in particular, will give you a hard time and may even levy a fine as they do not recognize state registration.
British Virgin Island Documentation is the local registration and is an alternative, although you will have to start a BVI Corporation if you are not already a resident of the territory - you can get help with this from ABM Corporate Services,BVI Ltd. mailto:mark.dubois@abm.vg

BVI Yacht Sales Ltd. image

How can I get my new yacht from the BVI back to North America or Europe if I can’t bring it back myself?

BVI Yacht Sales Ltd. image

There are two ways to do this: she can be delivered by sea by hiring a delivery captain and crew or you can have her transported on a ship. The costs will depend, of course, on which way you do it and how far you are having her taken. Contact us for more specific information on both of these methods.

BVI Yacht Sales Ltd. image

Who can I can I contact for maintenance that needs to be done on my boat?

BVI Yacht Sales Ltd. image

There are several companies through out the BVI/USVI we can recommend, however, here are a few for your convience:

Mechanical/Engineering
(1) Aquadoc Marine Services, Contact: Lincoln, Phone: (284) 494-0305, email: aquadockmarine@surfbvi.com
(2) BVI Marine Management www.rescuer1.com
(3) CRC Ltd., Virgin Gorda, Phone: 284-495-5310, Fax: 284-495-5352, email: crcengfab@surfbvi.com
(4) Marine Consultants BVI Ltd., Contact: Mike Maclean, Phone: (284) 494-0600, Fax: (284) 494-0601, email: mcoffice@surfbvi.com
(5) Marine Maintenance Services (BVI) Ltd., Contact: Tim Dabbs, Phone:(284) 494-3494, Fax: (284) 494-8491, 24hr Emergency: (284)542-2413, email: timdabbs@surfbvi.com
(6) Parts & Power Ltd. www.partsandpower.com

Graphics and Decals
(1) Japhix Studio & Graphic Design, Contact: Shem, Phone: (284) 494-9173 or (284) 494-9104, email: shem@japhix.net

Outboard Maintenance/Sales, Dinghy Sales
(1) Tradewinds Yachting Services (Yamaha/Caribe) www.tradewindsbvi.com
(2) Marine Power Service Ltd., Contact: Wycliffe, Phone: (284) 494-2738 or (294) 494-4935, email: wycliffe@surfbvi.com, (Mercury/Mercruiser)
(3) Nanny Cay, Budget Marine www.nannycay.com/chandlery

Shipwrights, Fiberglass, Wood, Painting
(1) BVI Painters www.bvipainters.com
(2) ML Pro Boat, Contact: Marcelo Santos, Phone: (284) 442-5365, email: proboatbvi@hotmail.com
(3) Tony's Marine Refinishing Services, Contact: Tony, Phone/Fax: (284) 494-0140, Cell: (284) 499-4189, email: razodazo@surfbvi.com
(4) VI Marine Refinishing, Contact: Eddie Wyke, Phone: (284) 494-0361 or (284) 499-1636, email: vim@surfbvi.com or vimrefinishing@yahoo.com
(5) The Woodshop, Contact: Gerard & Els Kraakman, Phone: (284) 494-2393, Fax: (284) 494-1183, email: woodshop@surfbvi.com
(6) The Work Bench (Virgin Gorda), Phone: (284) 495-5310, Fax: (284) 495-5352, email: workbench@surfbvi.com
(7) The Yacht Shop, Contact: Miles Muzyka, Phone: (284) 545-6030, email: theyachtshop@gmail.com

Electrical/Electronics
(1) Cay Electronics Ltd. www.cayelectronics.com
(2) Ecom.com Ltd., Dave Gibson, Phone:(284) 499-0036, email: technical@bviecom.com www.bviecom.com

Rigging Services
(1) Richardson's Rigging www.richardsonsrigging.com
(2) Wickham's Cay II Rigging, Contact: Isaac, Phone: (284) 494-3979, Fax: (284) 494-4417, email: wickrigging@surfbvi.com

Sailmakers
(1) Quantum Sails www.quantumsails.com
(2) Doyle Sails www.doylesails.com


Once again, feel free to contact us for further information or other vendors.

 
 

BVI Yacht Sales Ltd.

Nanny Cay Marina
Nanny Cay, British Virgin Islands VG1110

Toll-free 877-279-9415
Tel (284) 494-3260
Fax (284) 494-3535
Email Us
Nous avons un broker parlant Franais.

http://www.yachtworld.com/bviyachtsales


Designed by YachtWorld.com