Ferretti has signed a multiyear lease for office, shop and slip space at Lauderale Marine Center in Florida.
One reason Ferretti inked the deal, according to a press release from Lauderdale Marine Center, is that the center has a Foreign-Trade Zone (also known as a free-trade zone) that lets the builder import yachts without paying American tax. Because of the FTZ, Ferretti also can show and sell its yachts to American clients without having to cruise into international waters.
“The addition of Ferretti Group to our offering allows us to support an entire segment of the market in a way that none of our competitors can," Doug West, president of Lauderdale Marine...