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Choosing the right flag state can save yacht owners thousands in import duties. Recent legislative changes in the BVI created a clear exemption for qualifying “BVI vessels.” When a yacht is owned by a BVI company or a Virgin Islander and registered in the Virgin Islands, it is treated as duty-free for import. This simplifies transactions and removes a cost line that often discouraged BVI ownership and flagging.Why the BVI is a Top Choice Tax-free yacht registration outcome for quali...