The way I understand it is first you have to legally import it and pay the 1.5% duty and then you can document it or state register it. A foreign owner can also post a bond to sell it I think.
boat registration, cruising permits, duty, clearing customs, vat
Vessels cannot be sold in the United States unless they are duty paid. If a vessel has become part of the commerce of another country…by way of actually physically exporting the boat AND paying duty to another country, the vessel must be Custom Cleared by a Customs
Broker, and duty must be paid…currently about 1.5 percent. (Simply flagging a vessel foreign does not mean that duty is due). Also, U.S. built and Canadian built boats are duty free, but must still be custom cleared, upon entry for sale
in the U.S. It is advisable to contact a customs
broker to answer all of the possible scenarios prior to placing the vessel on the market.
ASAP Yacht Documentation, duty on yachts, foreign flagged yachts
FOREIGN FLAGGED BOATS OFFERED FOR SALE HERE IN THE U.S. while under a U.S. Cruising Permit.
Recently U.S. Customs “detained” several yachts in Florida
which were Foreign Flagged AND offered for sale, while operating in U.S. Waters under a U.S. Cruising Permit
The language on the Cruising Permit states that the boat cannot be offered for sale or charter
, and further states that if the vessel is offered for sale or charter
, the Cruising Permit becomes invalid.
On those yachts that were detained, the vessels had not made a formal entry by paying the 1.5% duty or posting
At this point we are not sure what will happen to those vessels that have been detained. They are “subject to forfeiture” if the owners have indeed offered the boats for sale without the following language being added to ALL ADVERTISING:
“NOT FOR SALE TO U.S. RESIDENTS WHILE IN U.S. WATERS”
(This includes all SIGNAGE posted on the Yacht itself by the Yacht Broker.)
PLEASE CONTACT A CUSTOMS BROKER IF YOU HAVE ANY QUESTIONS … we are more than pleased to refer you to Mr. Steele Reeder at Howard S. Reeder, Inc. 305-371-8431 or you may email
him at email@example.com
IN FLORIDA, once the vessel is duty paid, the Florida Dept. of Revenue expects to receive the sales/use tax on the value of the boat, (now capped at $18,000.00).
Burkard Yacht Sales | Yacht Broker | Naples, Florida | Boat Sales
A Custom Broker gets involved with all facets of a foreign flagged vessel, whether it be to provide Bonds for a vessel to be shown at a Boat Show
for sale or paying the duty of a vessel so it may be registered in the U.S. A Custom Broker will also arrange for Cruising Permits.