Croatia is our favorite MED destination!
As part of Croatia’s accession to the EU in 2013, we have been providing tax transfer services to many yachts. Since then, we have been continuously expanding our Croatia business, providing on-site support to private owners and charter companies and working on innovative maritime concepts.
With attorney Vedran Anic and Ivica Baban, our tax advisor, we have won two very well-known and reliable partners in Split.
In 2019 we have increaded by winning the register-specialist and Yacht-manager Mate Petrina aswell as the Yacht-Charter- und Maintenance Team of Ante Vujcic und Tea Novakovic
Together we can offer our clients in our specialized areas even more comprehensive support in Croatia:Private and commercial yacht operations in Croatia: Holding concept, company start-ups, flag and registrations, ongoing administrative, legal and tax support, Tax Agency, development of individual charter concepts and their implementation, representation before all authorities.
Furthermore Yacht-Charter-Management and Maintenance
The well known Leasing-Schemes for a turbo-VAT-taxation of Yachts are history. There is no replacement.
Against this background, we asked whether it was necessary at all to have
(a) a VAT PAID status for his yacht and
(b) whether there are legal and, where appropriate, more economical alternatives.
For many yachts, the taxes once paid are irretrievably lost, especially if the yacht is e.g. sold from the EU to a third country. If the yacht is traveling outside the EU for more than 3 years, it loses its VAT PAID status even without a change of ownership and must then be re-taxed at the time of its re-entry into the EU at the yacht's current value. The market has shown that taxed and untaxed yachts usually have the same market value and the differences are not significant.
In the light of the findings, we have elsewhere sought innovative and legal forms.
We are convinced that the CPS-Croatia-Yacht-Charter-Model ® covers an urgent market need and is the solution for many owners of a legal and tax-efficient business, especially those operating less off-shore.