Yacht & Vessel Sale MONTENEGRO AND SERBIA
Yacht & Vessel Sale and Purchase Agreements (SPA) | Expert Legal Counsel in Montenegro and Serbia
Navigating the acquisition or sale of a maritime vessel in the Adriatic or along the Danube requires more than a handshake. A Yacht Sale and Purchase Agreement (SPA) is a legally binding blueprint that dictates the success of your investment. At Dulic Law, we specialize in shielding our clients from the hidden risks of maritime transactions.
Why You Need a Specialized Maritime Lawyer for your SPA
Buying a yacht in hotspots like Porto Montenegro, Luštica Bay, or Portonovi involves complex jurisdictional overlaps. A standard contract doesn’t account for the nuances of Montenegrin or Serbian maritime law.
Our Comprehensive Legal Workflow Includes:
Rigorous Due Diligence: We don’t just check the paperwork; we verify the vessel’s history, ensuring it is free of undisclosed maritime liens, mortgages, or tax liabilities.
Custom Memorandum of Agreement (MOA): Whether using MYBA, Norwegian Saleform, or bespoke contracts, we tailor every clause to protect your interests—from deposit security to sea trial protocols.
VAT & Customs Optimization: We provide strategic advice on the VAT-exempt status for yachts in Montenegro and the specific import regulations in Serbia.
Seamless Closing Services: From Tivat to Belgrade
The “Closing” of a vessel sale is where most administrative bottlenecks occur. Dulic Law ensures a smooth transition of ownership by managing:
Bill of Sale Preparation: Drafting internationally recognized documents that guarantee a valid transfer of title.
Registration & Deletion: Handling the “Deletion Certificate” from the previous registry and coordinating new registration under the flag of your choice.
Legal Insight: In Montenegro, the specific status of “Yacht under construction” or “Commercial vs. Private” registration can drastically alter your tax obligations. We ensure you choose the most cost-effective path.
Why Choose Dulic Law for Your Maritime Transactions?
Based in the heart of the Balkan maritime corridor, Dulic Law combines local presence with international standards. We bridge the gap between complex local bureaucracies in Montenegro and Serbia and the expectations of global yacht owners.
Precision: Every clause is vetted to prevent future litigation.
Speed: We understand that in the yachting world, timing is everything.
Discretion: High-value transactions are handled with the utmost confidentiality.
Frequently Asked Questions (FAQ)
- Is a survey required before signing a Yacht SPA in Montenegro? While not mandatory by law, we strongly advise a technical survey. Our contracts always include a “Subject to Survey” clause to protect the buyer’s deposit.
- Can a foreigner register a yacht in Serbia? Yes, but the process involves specific residency or representation requirements. Dulic Law manages the entire legal representation for non-residents.
- What are the tax benefits of selling a yacht in Montenegro? Montenegro offers significant advantages for non-EU vessels, including 0% VAT on various maritime services and fuel for commercial yachts.
Note: This text provides general information and does not constitute legal advice. For specific questions and legal advice, please consult a lawyer.
Author
Vojislav S. Dulić
Vojislav Dulić is an attorney at law born in Herceg Novi, specifically in the town of Bijela.
He successfully completed his primary and secondary education in Geneva, thus acquiring an international education and perspective that further enriches his practice. Upon returning to Serbia, he further honed his knowledge and skills by practicing law in Belgrade, where he had the opportunity to work on various complex cases at a prestigious law firm.
He further complemented his practice by working in Geneva, within various branches of law. He speaks English, French, and Italian.
He is a member of the Belgrade Bar Association.
How can we help you?
Fill out the form below to contact us.
Our team will reply as soon as possible.
