IGY Marinas has recently announced that Yacht Haven Grande, Miami at Island Gardens, is now the first and only specified Foreign Trade Zone (FTZ) at a marina facility in Miami-Dade County. As the Official MLS and Ultimate Software-as-a-Service Platform of YatchingTM, YATCO shares the latest industry news and insights with yachting enthusiasts and professionals worldwide.
Yacht Haven Grande, Miami – photo credit Phil Blake
The announcement from IGY Marinas makes a significant impact in the industry and region. A Foreign Trade Zone waives duty and taxes on imported yachts and foreign-flagged vessels while in the designated area. IGY states, “Simply put, the FTZ status enables international superyacht sales brokers to showcase and sell their yacht inventory from all over the world to potential US buyers at a specially designated FTZ slip at Yacht Haven Grande, Miami.”
Yacht Haven Grande, Miami – photo credit Phil Blake
One benefit includes no restrictions on the length of time a yacht is able to stay in the zone; the broker just needs to reserve with Yacht Haven Grande, Miami and an agent completes the registration paperwork for the yacht to enter and remain in the zone.
Because of this incredible opportunity, IGY will attract yacht owners and sales brokers who would like to benefit from a program that excludes the upfront payment of import taxes on new builds and foreign-flagged yachts before they are offered for sale.
IGY iterates, “The marina will work closely with US Customs and Border Protection to adhere to FTZ rules and, while the FTZ area will have restricted access, the marina’s facilities and services will remain fully available to owners, crew and contractors.”
“This will be the closest thing to a global marketplace for superyacht sales; it’s the perfect one-stop sales zone,” says Gili Wojnowich, IGY Regional Director. “At Yacht Haven Grande, Miami, we can accommodate some of the world’s largest yachts available for sale with a capacity to berth up to 550 feet (167m). Miami has always been a prime destination and is the ultimate location to see and be seen. We are proud to offer a luxe and exclusive venue to showcase the most alluring superyachts on the market.”
YHG-Miami features 50 superyacht berths to host yachts up to 550 feet (167m) and provides a safe and secure environment for the world’s most elite vessels. The property has a private VIP Marina Lounge that boasts space of 2,700sqft for guests to conduct business and simply relax. Other property amenities include The Deck at Island Gardens – a fine dining establishment that is one of Miami’s top hot spots. The marina lounge, BBQ area, a conference room, and business center are only some of the additional amenities on the property that make the marina such a coveted spot for yachts in the area. The marina is also close to downtown Miami, Brickell, and Miami Beach, and offers access to one of the most exciting cities in the country.
Yacht Haven Grande Miami at Island Gardens is currently accepting FTZ reservations.
Contact: YHGMiami@igymarinas.com | www.igymarinas.com
