tax and regulation guide

Montenegro’s elite tourism strategy provides yacht-friendly legislation, offering some of the most favourable benefits in Europe, whilst its outside EU position presents a powerful financial case for basing a yacht here all year round.

Outside EU tax benefits FLEXIBLE CRUISING REGULATIONS 9% company and capital gains tax (one of the lowest rates in Europe) No restriction to pick-up and drop-off 7% VAT on marine-related services Make multiple changes to guest and crew manifests 0% VAT on charters

Ability for foreign yachts to remain in Tax and duty-free fuel is available to private and commercial vessels at a Montenegrin waters with no restriction on cost approximately 45% less than retail price time Outside EU tax and import regulations

Are you EU flagged?

+382 (0)32 661 061 NO YES [email protected] www.portomontenegro.com • No charter permit but vignette AN IDEAL HOMEPORT required to cruise

EMBARK IN EMBARK IN • 13% VAT for embarkation in MONTENEGRO Croatia • 0% for charters in Montenegro • 0% VAT for embarkation in and Croatia Montenegro • 20-23% VAT on time spent in EU waters

• No charter permit but vignette required to cruise Montenegro

• Tax-free fuel

40M AND OVER UNDER 40M • 13% VAT on charters • No embarkation allowed in Croatia • Charter permit required

• Embark and disembark freely with a charter permit

• Free to disembark in Montenegro ‘Superyacht Marina of the Year’ – TYHA, 2015 world-class marina destination HIGHLIGHTS easy access and cruising

Porto Montenegro offers marina guests and crew a full homeport solution amidst one of the world’s most spectacular A destination in itself, Porto Montenegro is a comprehensive resort of retail stores, restaurants, cafes, bars and entertainment cruising grounds. The marina’s extensive range of services and amenities have been awarded the 5 Gold Anchor Award all designed to complement its marina and residences. In addition, Montenegro’s diverse landscape with extensive stretches by The Yacht Harbour Association and is proud to be UNI EN ISO 14001 and ISO 9001:2008 certified in environmental of coastline and mountain peaks lends itself to a vast array of cultural and outdoor activities, ensuring yacht owners, protection and quality management. residents, guests and crew are entertained throughout the year.

Porto montenegro Five-star Regent Porto Montenegro hotel with spa and conference facilities

1–4 bedroom apartments for sale and rent

Waterfront restaurants, bars and cafés

Designer boutiques and international fashion brands

PM Yacht Club – a 64-metre pool, restaurant and members lounge

Day spa and hair salon

Bank, dry cleaners, pharmacy, bakery and organic market

Yacht charter and brokerage offices

PM Yacht Club Sailing Squadron

PM Yacht Club Sports Club

Platinum night club and lounge bar

Weekly calendar of events

Naval Heritage Collection museum

Knightsbridge International boarding school (3–19yrs) Facilities and Services CREW CLUB FUEL BUNKERING Emergency ambulance service 450 berths for yachts 12-250m LOA Tax and duty-free fuel is As a year-round facility, the Porto available to private and Montenegro Crew Club operates a free membership programme ensuring crew Short and long term berthing options commercial vessels at a cost are catered for both on and off season. approximately 45% less than Bay of Nightlife With a Crew Club card members can Free 24hr yacht assistance retail price. Yachts up to Discover the legend of Our Lady of the Rocks, cruise During the summer months, Montenegro provides a enjoy: 180m can fuel at the marina, around the Bay by boat and sample the finest seafood lively nightlife scene attracting renowned international Onsite customs and immigration restaurants in the region. A climb up the Kotor walls to the DJs. Dance the night away in open-air clubs and chic with our dedicated fuel dock Organised events and activities, such as positioned at the end of San Giovanni fortress reveals the most breathtaking views hang-outs in , Kotor and . Chandlery and local repair / sports tournaments, outdoor excursions Jetty 3 holding stock of up of the Bay below. maintenance facilities and BBQs Outdoor Sports to 800,000 litres of duty-free Beach Within close proximity and around the port there is an diesel alongside a range of Onsite provisioning and bonded Exclusive offers and discounts in and Velika Plaža (literally ‘Grand Beach’) is a 14km long beach abundance of water and mountain sports including; Shell lubricants. around the marina warehouse in the far south of Montenegro. With soft yellow sand and sailing, kitesurfing, wake boarding, scuba diving, shallow waters, it is ideal for families as well as extreme hiking, mountain biking, skiing, canyoning, off-road With no minimum limit or Themed parties and live-cast sports at Tax-free wine, champagne and spirits water sports like kitesurfing and windsurfing. Several lively motor biking, white water rafting and an adventure park. OUTSTANDING CRUISING registration restrictions, plus The Clubhouse crew bar beach bars attract a party crowd in summer. Located a short distance from the Croatian no additional fees, the dock EASY FLIGHT ACCESS ACROSS EUROPE Free Wi-Fi Skiing in Kolašin border and at the base of the Adriatic operates all year and offers Free use of the Porto Montenegro Tara Canyon Surrounded by dense pine forest and with a fine Coast, Porto Montenegro is the perfect No more than a few hours from most major European cities, clear in / out whilst refuelling Sailing Squadron lounge, with free Lush with wild flowers, and home to spectacular waterfalls selection of ski runs, several excellent new hotels have charter base for the Dalmatian coast, Montenegro is easily accessible by three international airports amongst other benefits. For Wi-Fi, kitchen, comfy sofas, big screen, and sandy beaches, this UNESCO World Heritage site is recently opened in Kolašin, just a 3-hr drive away. A long and Greece, with access to over 4000 (Tivat 7km, Dubrovnik 46km, 90km), directly connecting book exchange and poker kits information and orders email the second deepest canyon in the world after Arizona’s morning on the scenic slopes followed by a hardearned islands, whilst still only a short sail away with London, Paris, Rome, Munich, Vienna, Moscow, Zürich and bunkering@portomontenegro. Grand Canyon. spa session and a traditional dinner in a nearby from the traditional cruising grounds of Nice, amongst others. All airports have private jet facilities. Free ski chalet in Kolasin Ski Centre com restaurant is the recipe for a perfect day. France and Spain. throughout winter