Search results for : yacht
Town Planning Committee seeking further information from Paradise Island Yacht Club developers
April 11, 2024
Town Planning Committee seeking further information from Paradise Island Yacht Club developers
NASSAU, BAHAMAS — The Town Planning Committee believes additional information is required from the developers proposing the renovation and expansion of the Paradise Island Yacht Club before deciding on their application, according to its Chairman attorney Keenan Johnson. Johnson confirmed to Eyewitness News that the committee has not reached a Decision regarding the application submitted [.....
February 27, 2024
Search for 2 People After Yacht Allegedly Hijacked in Caribbean
ST. VINCENT - Authorities in the Eastern Caribbean are urgently searching for two individuals believed to be us citizens after a yacht was hijacked by three escaped prisoners from Grenada.
CRIPPLING: Bahamas yacht charters hit with 40 percent year-over-year decline, US operator says VAT is the cause
January 29, 2024
CRIPPLING: Bahamas yacht charters hit with 40 percent year-over-year decline, US operator says VAT is the cause
NASSAU, BAHAMAS — Yacht charters to The Bahamas have experienced a 40-percent decline year-over-year, a US yacht charter operator has estimated, arguing that the 10 percent Value-Added Tax (VAT) imposed on foreign-owned yacht charter contracts is crippling their operations. "Yachts bring visitors to all the islands around the Bahamas where tourism is not readily accessible [...]
January 26, 2024
The Bahamas Yacht Show Returns in a Spectacular 2nd Edition
Following the resounding success of the inaugural BahamasCharter Yacht Show (BCYS) in February 2023, the Ministry of Tourism, Investments & Aviation(MOTIA) is pleased to announce that the Association of Bahamas Marinas (ABM) is gearing up for an even more impressive second edition from 25-28 January 2024, at Nassau/Paradise Island's premier marinas. The BCYS aims not only to showcase the yachts ch...
December 21, 2023
Yacht brokers association slams 'discriminatory' regulations
NASSAU, BAHAMAS- Bahamian yacht brokers say that they are being left with "nothing but crumbs" due to what they describe as "discriminatory" government regulations. The Bahamas Yacht Brokers Association (BYBA) in a statement noted that The Bahamas Boat Registration Act (Yacht Rule), explicitly states that foreign-owned yachts, which comprise the majority of yachts operating in The [...]
Yacht Brokers Association says VAT on yacht charters is driving business to other destinations
December 08, 2023
Yacht Brokers Association says VAT on yacht charters is driving business to other destinations
NASSAU, BAHAMAS — The Bahamas Yacht Brokers Association (BYBA) is urging the government to address the impact of its Value Added Tax (VAT) policy on the yacht charter industry, arguing that based on its research, the tax on yacht charters is driving away a large percentage of international yacht business to other more affordable destinations. [...]
October 10, 2023
Second Bahamas Charter Yacht Show looking to top 2023
The second annual Bahamas Charter Yacht Show (BCYS) is hoping to sail past the 40 boats that were on display this year, and is preparing for an even bigger show in 2024. Former president of the Association of Bahamas Marinas (ABM), Peter Maury, said The Bahamas should be the epicenter of the Caribbean's yachting scene. "Many ...
The post Second Bahamas Charter Yacht Show looking to top 2023 ...
October 06, 2023
Second Bahamas yacht show aims to build on sensational debut
NASSAU, BAHAMAS — The first-ever Bahamas Charter Yacht Show (BCYS) was hailed by organizers as an outstanding success, putting a marker down for the region's archipelago as a premier yachting destination. With an impressive turnout and more than 40 boats on display, organizers believe the February 2023 event demonstrated the enormous potential for growth of [...]
September 26, 2023
Bahamas Tourism Officials Head to Monaco for Mega Yacht Show
The Hon. John H.W. Pinder II, Parliamentary Secretary, Bahamas Ministry of Tourism, Investments & Aviation (BMOTIA) will lead a small delegation to Monaco between 27 – 30 September for the 32nd edition of the Monaco Yacht Show. At the luxury show, the largest gathering of super yachts in the world, tourism officials will continue efforts to market The Islands of The Bahamas as a leader in the ya...
July 17, 2023
Small business revenue declines blamed on VAT on charter yachts
SMALL business owners said the imposition of VAT on foreign-owned yacht charter fees had contributed tremendously to the industry's decline in the past year.
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