In the Ownership model you can buy the yacht in your name or in the name of your company and register it accordingly. Still, only a company has the right to claim VAT reimbursement which significantly affects the final price of the yacht as well as the prices for yacht maintenance, berth and so on. This is why we suggest opening a company in the EU if you do not have one. The yacht has to be registered in the EU, meaning that it has to have an EU country flag and that includes Croatia. The process of founding a company in Croatia is rather simple and it costs about 3.500 EUR (26.000 HRK) of which 2.500 EUR is basic capital that can be used afterwards. We offer full support in the process of founding and running a company. In the Partnership model, the yacht is purchased and registered in the name of our charter company under a Croatian flag while you mortgage the yacht to secure your investment. After 5 and a half years, the ownership is transferred to you and you can register the yacht in your name. When assuming ownership of the yacht you have to pay the 25% VAT on the yacht’s remaining value (market value or book value, as considered by the local tax authority, which is usually between 50% and 60% or the initial purchase price).

Charter income is shared in proportion 65%-35% in favour of the investor. Out of 65% of the charter income the investor finances: annual berth all-risk yacht insurance (Casco) including insurance against loss of charter income yacht maintenance Out of 35% of the charter income the charter company finances: agency commission for sub-agents marketing and promotion for the yacht charter booking coordination, reception and support for the charter guests In other words, we are paid for booking the yacht either directly or in cooperation with partner agencies and for taking care of charter guests. The remaining income goes to the yacht owner. Charter Management Partnership The charter income is not shared with the investor as the charter company takes care of all the running and maintenance costs. Out of the charter income the charter company finances: annual berth all-risk yacht insurance (Casco) including insurance against loss of charter income yacht maintenance agency commission for sub-agents marketing and promotion for the yacht charter booking coordination, reception and support for the charter guests

Sometimes the build year of the yacht is not that important – regardless of the yachts age, a properly maintained yacht is the only way to a satisfied charter guest and at the same time the key to a successful business process. Consequently, our professionally educated staff constantly supervises the condition of the yacht and its equipment. With regular services we act in advance in order to prevent any bigger malfunctions and to provide a safe and high quality vacation for charter guests. With continuous supervision and maintenance we ensure the longevity of your yacht and equipment as well as a higher price in charter and a higher market value when you decide to sell the yacht. The owner of the yacht has a permanent insight in maintenance processes and their cost – the yachts that we hold in our bases are the best evidence of the quality of service that we provide. We guarantee high-quality aftersales support with prompt processing of claims throughout warranty and after the warranty has passed. In fact we will make all the warranty claims for you to ensure the yacht is always in top condition.

Profit of the yearly money flow depends to the yacht model and agreed booking calendar. Average money revew looks like this: 45 feet - Income 30.000 - Costs 12.000 - Shared 35% 10.000 Charter Company - 18.000 Yacht Owner 55 feet - Income 50.000 - Costs 18.000 - Shared 35% 11.200 Charter Company - 20.800 Yacht Owner Catamaran 50 feet - Income 70.000 - Costs 20.000 - Shared 35% 17.500 Charter Company - 32.500 Yacht Owner The annual expenses do not include leasing or loan annuities as this is subject to change according to your financing plan and initial deposit. NOTE: Prices do not include VAT. Purchase price is subject to change depending on date of purchase and effective Hanse Yachts pricelists. Quotes correct at the time of print. All of the above is for illustration purposes only.