Motor Boat & Yachting – May 2018

WORLDNEWS

New Nautical Code

The Italian Marine Industry

Association is making efforts to

reinvigorate the Italian recreational

boating sector with a series of

new tax breaks.

The new rules have been negotiated

with the Italian Government and

include simplified regulations,

VAT exemptions for commercial

shipping and a 10% VAT rate on

yachts that dock in Italian waters

for up to one year. A flat tax rate,

introduced for foreigners who

become Italian fiscal residents

and a new International Chamber

of Maritime Arbitration also apply.

The organisation claims that

these measures make Italy more

competitive than other Mediterranean

and European countries. A digital

version of the guidebook Italy,

Tax & Yachting can be requested

at [email protected].

Ancasta expands in Balearics

New Montenegro destinations

Italian tax

breaks

Two new marinas set to open in Luštica Bay

Ancasta International Boat Sales

is expanding its Balearic operations

by becoming dealers for Prestige

Motor Yachts in Mallorca and Ibiza.

The company, which is already

the UK’s largest Prestige dealer,

will operate sales and service for

the Balearic area through its current

Palma de Mallorca office as well

as opening a brand new office in

Cala d’Or – the 15th in the group.

Ancasta Prestige brand manager

Nick Hatfield said, “Prestige is such a

strong brand. The company’s growth

speaks volumes about its popularity

and reputation. There is huge potential

here and this new relationship in the

Balearic region will enable us to cater

for those who wish to buy or keep

their boats in the Mediterranean.”

marina experience to Europe given

OMM’s track record and experience

with projects such as Orascom

Development’s flagship town El

Gouna on the beautiful Red Sea

coast in Egypt, where we have

three successful marinas.

“The marina facilities at Luštica

Bay don’t just offer services and

amenities to access fuel and safe

harbour for your yacht, they

also provide residents and

guests with the ultimate

luxury Riviera lifestyle.”

New offi ce in Cala d’Or

Two new marinas offering 225 long

and short-term berthing options

are set to open in Luštica Bay in

Montenegro. The main marina is

due to be operational this summer

and will offer berths for 176 motor

and sail boats up to 35m in length,

as well as a sizeable secondary

mooring area for smaller vessels.

Facilities will include a yacht club

with crew areas, 24-hour yacht

assistance, a multilingual marina

team and chandlery, repair and

maintenance services. An entire

town is also being created around

the marina, featuring over 500 villas

and townhouses, more than 1,

apartments, seven hotels, a spa

centre and an 18-hole golf course.

Philip Jones, head of Orascom

Marine Management, who runs

all the group’s marinas commented,

“We are delighted to be bringing our

IT COULD ONLY

HAPPEN IN....

AUSTRALIA

DINGHY DERBY

What began as two mates racing

their dinghies to a favourite fishing

spot has evolved into one of

Australia’s most exciting sporting

events. Sponsored by Red Bull, the

Riverland Dinghy Derby attracts

over 100 entrants, with some

boats capable of almost 50 knots.

Prestige is planning to

launch six new models

during 2018

The brand new marina

will have space for 176

boats up to 35m long

The tax breaks should

boost the boat market

Prestige claims to be the fastest-

growing motor boat brand in the

world and is set to launch six new

models in 2018. Jean-Phillipe

Brun, sales director for Prestige,

commented, “The market is changing

and we are now one of the major

players in Europe, worldwide and

in the US, becoming the world leader

in 40ft-75ft luxury motor yachts.”