Bipartisan support for superyacht Bill

  • Big berth: Martha Ann, a 70-metre luxury motor yacht, berths at PW’s Marina

    Big berth: Martha Ann, a 70-metre luxury motor yacht, berths at PW’s Marina

Legislation to encourage superyachts to visit Bermuda passed with all-party support in the House of Assembly last night.

Zane DeSilva, the Minister of Tourism and Transport, said the Superyachts and Other Vessels (Miscellaneous) Act would help to make Bermuda a more attractive destination for owners and captains.

Mr DeSilva said the legislation would end departure tax for pleasure craft and allow superyachts to apply to operate as charter vessels in Bermuda through island agencies.

He said any revenue lost through the loss of departure tax would more than be made up by the cost of permits and charges on charter fees.

The Act will also reduce the time it takes for local tour boat operators to receive fuel rebates.

The minister said the legislation, drafted with consultation from the Bermuda Tourism Authority and island charter businesses, was intended to support domestic businesses and create new opportunities for Bermudians.

Cole Simons, the Shadow Minister of Education, said the legislation helped to build on what was started by the America’s Cup.

He told the House of Assembly the OBA had done the “heavy lifting”, but he was happy to see the PLP “cross the line” with the amendments.

Mr Simons said: “We thought it was important that we have a larger presence in this space and that is one of the reasons we are supporting this legislation.”

He added that a “world-class” infrastructure will need to be in place to ensure the growth of Bermuda as a superyacht destination, but there is great potential for job creation.

Jamahl Simmons said the Government had ensured the legislation would benefit a broader section of the population as only 16 per cent of those who said they profited from the America’s Cup were black.

Mr Simmons said: “The America’s Cup benefited the few, not the many.

“The first thing we wanted to do was make sure the existing boat operators were fully consulted so they wouldn’t be squeezed out.

“We sat down with the Bermuda Economic Development Corporation and asked what wasn’t done that gave us that result and what can we do to make sure the many benefit, not the few.”

Several MPs, including Kim Swan, Rolfe Commissiong and Craig Cannonier, said that plans for a marina in St George’s should be a priority.

You must be registered or signed-in to post comment or to vote.

Published Jul 13, 2019 at 8:00 am (Updated Jul 15, 2019 at 7:54 am)

Bipartisan support for superyacht Bill

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries

    eMoo Posts