U.S. VIRGIN ISLANDS — Governor Albert Bryan Jr. and Premier Natalio Wheatley of the British Virgin Islands reconvened today to continue discussions initiated on March 7, 2025, concerning the BVI’s proposed fee structure for Commercial Recreational Vessel Licenses.
During the March meeting, the BVI outlined its licensing fees for foreign-based term charters, including a $7,500 annual fee for up to seven entries, and a separate license offering unlimited entries for $24,000 annually. Fees for day charters were initially proposed at $12,500 per year, and water taxi licenses at $2,500 per year.
Today, Premier Wheatley presented updated rates, which reflect the BVI’s consideration of stakeholder feedback. The amended structure includes:
• Term Charters (Foreign-based):
• $7,500 per year for up to 7 entries
• $2,100 per additional entry thereafter
• Or $24,000 annually for unlimited entries
• Day Trips: Revised to $8,500 per year
• Water Taxis: Maintained at $2,500 per year
Governor Bryan expressed continued concern over the current process for vessel entry and exit into the BVI. He offered support from the USVI in developing an automated system to improve and streamline clearance procedures. The BVI indicated that it is currently developing such a system and anticipates a launch by summer 2025.
In addition to fee discussions, Governor Bryan and Premier Wheatley shared a mutual interest in strengthening the maritime industry across the Greater Virgin Islands. Both leaders emphasized the importance of regional cooperation to position the Virgin Islands as a premier destination for charter vessels, with a focus on increasing competitiveness and retaining maritime traffic within the region.
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