Once you have approval through the Trade Department, whether in the form of your own license or a management trade license, you will need to obtain a Commercial Recreational Vessels License. This license is issued through the Ministry of Finance and, currently, is due for renewal on the 1st of November each year. The cost is dependent on the size of vessel and ranges from $400 - $800. Mark the above date on your calendar. Missing payment can cost you $5,000.
- As of November 2021, non BVI based yachts must obtain a temporary Commercial Recreational Vessel License through a yacht agent. To conduct multiple charters one must obtain a foreign CRVL which permits a maximum of 7 charters in BVI waters.
- A yacht must have a Cruising Permit for their party when on charter. It is a “per person per day” tax payable to customs. BVI Based: $4 pp/pday and Non BVI Based: $16 pp/pday
- If you are going to pick up National Park Mooring Buoys during the charter, you must have a National Parks Trust permit. Annual or per charter permits are available. Pricing is based on capacity and whether the yacht is locally based or foreign based.
- If fishing is offered on a yacht (whether it is with rental gear, personal gear or the yacht's gear), a registration number is required for the yacht and every person wanting to fish must have a fishing license.
