As part of the two year marina expansion plan due for completion by summer 2014, Porto Montenegro will double its marina’s capacity from the existing 245 berths to 490 berths.
This second phase of the development which is already underway, will see approximately 100 more berths for yachts up to 20 metres and 145 berths for yachts over 25 metres. In addition to the berth expansion, a new jetty will be constructed as well as the extension of jetties 1,2 and 3.
Once completed, Porto Montenegro will not only be one of the largest marina’s in the Mediterranean, it will also have one of the biggest superyacht capacities in the world.
Porto Montenegro offers value both in terms of pricing and tax benefits especially in the wake of the recent Italian tax rises.
By way of illustration, a low season berth rental at Porto Montenegro for a 12m berth for one month is approximately the same price as the Italian taxes on the same 12 metre boat for the whole year. For a superyacht of 65 metres, the Italian charges would cover two months in a high season berth for the same boat.
The current Montenegrin tax strategy treats everyone equally. Basic goods and marina services are already capped at just 7% verses Italy’s 35% with a future plan to create an incentivised flat tax regime across all taxable areas.
The marina also gives owners a stable alternative with even lower mooring rates and duty free fuel thanks to its location outside the European union, and benefits from first class facilities and services in a prime setting.