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DEVELOPMENT PLANS


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less than 40 m are not permitted to embark from Croatia, while those over 40 m incur 13% VAT on all charters and require a charter permit. Montenegro boasts 250 days of sunshine a year with high season temperatures reaching the high 30s C. during July and August while the months of June and September average 23-28 C. Perfect sailing conditions have enabled the marina to extend the May to September sailing season and introduce the international 300 mile off-shore Thousand Islands Race, which takes place from 18-28 September. Porto Montenegro has also


benefit from 75% return on sub-lets. Owners registered in Croatia


have been forced to put vessels into free circulation and are now paying customs duties and VAT as defined by the EU Customs Union at a rate


of 25%, as opposed to its previous tax-free status. Across the border in Montenegro, EU-flagged vessels do not require charter permits to cruise or embark, but will incur 13% VAT for embarkation in Croatia.


Non-EU flagged vessels of all sizes embarking from Montenegro are not charged a charter permit to cruise domestic or Croatian waters, and benefit from tax-free fuel and zero VAT for all charters. Yachts of


introduced a range of suggested charter itineraries for the surrounding region from one to seven-day cruises taking in Croatia, the largely undiscovered Albanian coast, Italy and the traditional cruising grounds of the South of France. Porto Montenegro info@portomontenegro.com www.portomontenegro.com


For over 65 years, Moffatt & Nichol has provided innovative solutions to the maritime industry. With a portfolio of over 100,000 berths worldwide, we know what makes a marina successful.


Specialising in design and feasibility, planning and market assessment, through to operational consultancy and facility commissioning, we’re committed to your success and have the experience to prove it.


Creative People, Practical Solutions.™


info@moffattnichol.com www.moffattnichol.com


JUNE 2014 • MARINA EURO-REPORT


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