To be on hand at stand number B27, Porto Montenegro will attend the Singapore Yacht Show 2014, running from April 10 to 13. As yachting becomes increasingly popular in this affluent market, Porto Montenegro is set to establish itself in Asia as the number one superyacht marina in the popular Mediterranean yacht charter destination – the Adriatic for the summer season, thanks to its facilities, large number of berths, as well as tax-free benefits.
As with many areas worldwide, including Asia, the Mediterranean suffers from a lack of berths due to the rapid increase in demand. However, as a developing country with a growing tourism market and foreign direct investment, Montenegro avoids the usual limitations in berth numbers such as coastal restrictions and land prices, while Porto Montenegro is in the process of doubling marina capacity by May 2015 to 460 berths, with potential to build up to 850.
At the centre of the Adriatic, with traditional South of France grounds just a two-day sail away, Montenegro enjoys financial benefits as it lies outside of the EU. With no charter taxes, a low 7% VAT on marine-related services, and duty free fuel for commercial and private vessels, it is steadily becoming a favourable destination for yacht-lovers.
Porto Montenegro is an ideal homeport with state-of-the-art facilities, services, shops and restaurants, and with the launch of The Regent Hotel and Residences in July 2014, accommodation options will soon be expanded. With flight durations of less than three hours from London, Paris and Moscow, Porto Montenegro is ideally located for easy access from many of Europe’s major capitals.