13 Jan 2014
New Zealand government extends entry period for visiting yachts
By Ellie Brade
New Zealand’s campaign to increase the number of cruising and charter yachts visiting the country received a welcome boost in December when the New Zealand government announced an extension of the temporary import entry (TIE) regulations for visiting superyachts.
The new rules have increased the TIE time for yachts from 12 months to 24 months. With superyachts increasingly opting to spend extended time in the South Pacific, in order to make the most of all the region has to offer, this move will allow them to spend more time in New Zealand, which is a key support country for Pacific cruising thanks to it’s premium refit and provisioning services amongst others. “This is a fantastic step forward as we have historically worked with so many yachts who certainly would have extended their stays to include extended cruising and maintenance periods, given the option, but moved on reluctantly,” said Mark Wightman, Managing Director of Integrated Marine Group. “The extra time the new TIE period offers really expands their options to make the best of all on offer, making makes New Zealand a more desirable destination choice than ever.”
Speaking to SuperyachtNews.com Allan Jouning of 37 South explained the benefits that this move will bring to both yachts and to the the local superyacht sector in New Zealand. “The increase in period for the TIE from 12 months to 24 months will enable large yachts to choose New Zealand as a base for two summers and offer charter dates both in NZ and the Pacific Islands. The yachts have the potential to charter one summer, refit during the winter and then charter for a second season without departing New Zealand waters” he said. “Having the yachts based in NZ will benefit our refit businesses and high end tourist industry. ”
The move is also particularly advantageous for yachts as it represents significant savings on GST and duty. All goods coming into New Zealand, including yachts, are usually subject to these levies, but the TIE exempts owners from paying these charges if the yachts aren’t being used commercially or sold, and they depart the country within the specified time period.
Peter Busfield, CEO of New Zealand Marine, is delighted with the support the government has offered their local marine industry with this move and says that the extended TIE period will assist the New Zealand marine industry greatly with their goal of doubling visiting superyacht numbers over next three years. “The gain to New Zealand’s economy goes well past the marine sector with superyacht owners and guests taking their custom to New Zealand’s best golf courses, wineries, accommodation venues, tourist attractions and artists; some of these high net worth individuals also choose to invest in local business opportunities,” said Busfield. “In particular, we can expect to see significant benefits for the Far North, Whangarei and Auckland regions as the majority of yachts arriving in New Zealand make port in these centres. There will also be opportunities for Bay of Plenty and Marlborough to host more visiting yachts than they do presently.”
Opua Marine in the Bay of Islands
The extension applies to yachts already in New Zealand and yachts who arrived in New Zealand after July 2013 can apply for an extension by emailing customs their yacht and temporary entry details.
Add a comment
Other Business News
After an extraordinary turn of events the Superyacht Owner’s VIP lounge returns to its traditional home. Make sure your name is on the guest list More
As concepts arrive on our desk in the run up to Monaco, we look at the line between inspiration and PR More
Thus far 2016 has seen eight serious incidents that have resulted in the loss of superyachts, nearly five more than the average numbers of yacht fires between 2010 and 2015. More
We delivered €60,000 of prizes to the crew of motoryacht Secret, the winner of The Crew Report's Superyacht Golden Ticket survey. More
ATLAS MARINE SYSTEMS
Atlas Marine Systems, the world leader in the design of marine electrical power systems, offers a full range of engineering services necessary to define the onboard electrical distribution system or simply the application of the Atlas power conversion products.
Integrated Navigation Systems based on state-of-the-art technology and decades of experience in the superyacht industry. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond.
ASEA POWER SYSTEMS
ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.
Jets Vacuum AS
Jets Vacuum has for over 30 years been the leading innovator in vacuum sanitation technology. With over 11,000 Jets systems in operation on all types of ships, Jets are known for high quality, flexible cost efficient solutions backed up by first class world wide service
Superyacht Tenders & Toys
Superyacht Tenders & Toys have a high level of expertise in providing new build and custom tenders, chase boats, RIBs & all popular yacht toys. With an unrivalled global service network, maintaining a personal & bespoke service, wherever you are in the world, Superyacht Tenders & Toys can help.
Marlink offers seasonal, flexible contracts to match regional sailing requirements. Through our dedicated account managers & customer services, we develop personal relationships with customers & drive innovations to develop digital solutions & smart applications that take you beyond just connectivity.
ABB Marine and Ports
ABB is a leading supplier of electrical power and propulsion systems for ships. We provide innovative, safe and environmentally-friendly solutions and qualified services worldwide. Our AzipodÂ® propulsion has proven its efficiency and reliability on yacht vessels with its ultimate silent and ecological solution.
WREDE Consulting is an independent paint consultant and paint surveyor company who has worked for most of the 200 largest yachts worldwide in coating, paintwork and equipment areas. WREDE Consulting engages in quality management and objective quality assessment for the coating of mega- and superyachts. www.wrede-consulting.com