Fewer luxury yachts, but good tax collection

Income TO for nine months from the nautical residence tax was 38.824 euros and is at the same level as last year.

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Income from the nautical tax is almost 39.000 euros (illustration), Photo: Siniša Luković
Income from the nautical tax is almost 39.000 euros (illustration), Photo: Siniša Luković
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

According to the data of the Tivat Tourist Organization (TO), a total of 1 yachts sailed into the local marinas Porto Montenegro, Luštica Bay and Navar from January 1.045 to the end of September this year. This is almost five percent more than in the comparable period last year, when the arrival of a total of 997 yachts was recorded, and it is almost identical to the traffic from the tourist record year 2019, when there were 1.046 yachts in Tivat in nine months.

TO revenue for nine months from the nautical residence tax was 38.824 euros and is at the same level as last year.

According to the size, this year there were the most yachts over 20 meters in length, a total of 441 of which sailed into Tivat marinas by the end of September. After them, the most numerous were yachts between 11 and 15 meters long, where the arrival of 410 such vessels was recorded, while there were a total of 150 sailings of yachts between 16 and 20 meters long. There were the least number of yachts – vessels up to 10 meters in length, of which 44 sailed into Tivat in nine months of this year.

The largest number of yachts of all sizes (586 in total) stayed on average up to seven days, while 365 of these ships stayed longer than a month to even a year. Considering the war in Ukraine and the sanctions of the international community against Russia, this year's nautical season in Tivat is characterized by the arrival of a significantly smaller number of the largest and most luxurious, so-called. superyachts like the ones that used to be a regular occurrence here.

This is because most of those vessels in the world belong to Russian rich people and oligarchs, who are now most often on the lists of sanctioned persons. This is also shown by official statistics, as 441 yachts longer than 20 meters arrived in Tivat in nine months, while last year for the same period, 506 such boats stayed here.

In the record year 2019, by the end of the first quarter, there were a total of 498 arrivals of these large yachts in Tivat. The absence or significant reduction of arrivals of luxury superyachts is something that this year marked the main nautical season in the largest part of the Mediterranean, with the exception of Turkey, which did not impose sanctions on the Russians, so almost all the largest and most luxurious yachts in the world, controlled by Russian oligarchs, moved to the marinas there .

This year's smaller arrival in Tivat of mega and super yachts owned by Arabs and Westerners or those ships are chartered, according to the claims of those familiar with the opportunities in elite yachting, was also influenced by the pre-season decision of the Government to cancel the possibility of supplying foreign vessels in Montenegro with excise-free fuel which is why traffic at the ship fueling station in Porto Montenegro dropped significantly.

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