Boats

LUDUS

New member
May 7, 2002
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I've been to the North coast in a boat from S.Florida (Luperon) and was talking with a friend about possibilities for business uses of a boat in the DR (fishing charter, diving, corp charter etc.). Whether there is actually any demand aside, what is the legal/tax situation? It's easy enough to get the boat there but what are the costs and requirements if you start using it commercially? Do you owe import duties? Thanks for comments.
 

Ken

Platinum
Jan 1, 2002
13,884
495
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This is something you should investigate very carefully. One requirement will be that you flag the boat as a Dominican vessel. This is expensive since it means "importing" the vessel into the DR and paying all the related fees and taxes.

Your best bet is to find a hotel that wants a boat available for activities of the guests. They are often able to get special dispensations or reductions in fees,etc.