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 Vedran Anic and Ivica Baban, our tax advisor, we have won two very well-known and reliable partners in Split.
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.
The new Malta lease is economically suitable for yachts over €3 million due to the complex legal and fiscal design and administrative burden and for those that are actually on a significant scale offshore = non-EU. This clearly limits the range of potential target groups compared to the former Malta lease. I want to introduce an innovative alternative.
The new CPS-Croatia charter model ©
We asked ourselves whether it is necessary to have a VAT PAID status for your yacht or whether there are legal alternatives for owners?
Firstly, it should be noted that once the taxes paid are irretrievable when the yacht is sold, for example, from the EU to a third country. If the yacht travels outside the EU for more than 3 years, it loses its VAT PAID status and has to be taxed at the time of the yacht's return to the EU.
The market has shown that taxed and untaxed yachts tend to have the same market value and the differences are not significant.
We have not been satisfied with the new models from Malta (and analog of Cyprus), and we have also looked for innovative and legal designs elsewhere with the above-mentioned knowledge and impact. Together with my team in Split, I have been working on an alternative design for Croatia for many months. We presented our concept to the Croatian Ministry of Finance at a hearing and submitted binding information for examination. We have just received the information, so to speak, from the press and can only be used for all yachts of EU owners from approx. 700T€ Invest, who do not leave EU waters or leave little, offer a very attractive and economically flexible solution with the highest possible share of own charter!
Here are the most important basic parameters of the CPS-Croatia-Charter-Model© - each case individually designed in detail:
We are convinced that the CPS-Croatia-Charter-Model© meets an urgent demand on the market and for many yacht owners is the solution for an economic operation with legal and tax clarity, especially for those who can no longer find their home in the new Malta lease, which we are now looking at.