Costa Rica votes in favour of law authorising charter yachts

On 17^th March 2021, the Costa Rica Legislative Assembly voted 47-0 in favour of the marina reform law, which will make it easier for superyachts to visit and work in the country. The new law now allows foreign-flagged luxury charter yachts to stay for up to six months. It removes the many hoops yacht owners had to jump through in order to enter the country.

Costa Rica will collect 2.5% of each charter fee. The deputies and legislators of Costa Rica expect this new law to bring many sources of employment and income to the country.

Candy Garro, general manager of Nautica Shipping Agents, said, “ We feel very motivated and happy with the approval of the new law that authorises the charter of yachts in Costa Rica. The law serves as a model for the region and we hope that soon the neighboring countries will join this great initiative.”

Please see below the key points regarding the law, produced by Nautica Shipping Agents.

The proposed law is subject to change ahead of the official approval by the president of the republic.

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