On 5 August the Fijian yachting industry and a collection of New Zealand’s marine companies will jointly host an open day at Port Denarau Marine and Yacht Club, Fiji, to engage with superyachts and their crew. The hope is that this educational, networking and social event will be a platform to stimulate the superyacht market in New Zealand and Fiji.
“Working cooperatively with the Fijian yacht industry makes sense to us,” comments Peter Busfield, executive director of NZMarine. “Helping yachts gather the information they need to enjoy a longer stay in the Pacific and make the most of their time here, means more work for all of us – Fijian, and New Zealand industries-alike.”
Presentations will focus on New Zealand’s well established refit and maintenance sectors, as well as showcasing its destinations and marinas. Superyachts and their crew will have the opportunity to engage with representatives from 25 of New Zealand’s marine companies.
Port Denarau Marine and Yacht Club, Fiji
With superyachts requiring periodic refits, New Zealand provides the ideal location for yachts cruising the Pacific Isles to escape the Pacific cyclone season, tend to maintenance works and cruise New Zealand and Australia before returning to Fiji, Tahiti and other Pacific Isles. The open day will feature seminars on passage planning between Fiji and New Zealand, weather patterns, customs clearance and biosecurity requirements.
The New Zealand customs authority has recently introduced a 24-month temporary import entry (TIE) for visiting vessels. This legislative addition enables superyachts to stay in New Zealand for a period of up two years and undertake a mixture of private use, charter work and maintenance, most of which will be exempt from the local 15 per cent Goods and Services tax.
This joint event is the first of its kind for New Zealand and Fiji and forms part of a wider initiative to encourage superyachts to the area.