1. We deliver high quality and efficient building solutions that return 100% capital gain for
clients: no stress, no issues, just a simple turn-key service provided by construction
professionals with a history of success.

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Contents
Building Dreams: Introduction .................................................................................................................................3
Navon & Partners .....................................................................................................................................................3
NAVON Land Bank....................................................................................................................................................4
Joint Ventures.......................................................................................................................................................4
Fractional JV Investment......................................................................................................................................4
The Dream Begins: Design & Architecture...............................................................................................................5
WOW!...................................................................................................................................................................5
Our Design & Architectural Team......................................................................................................................... 5
Dreams to Reality (or Realty)...............................................................................................................................5
Building Materials.....................................................................................................................................................6
Energy Solutions.......................................................................................................................................................6
Solar......................................................................................................................................................................6
Biomass.................................................................................................................................................................6
Bio-Diesel..............................................................................................................................................................6
Wind......................................................................................................................................................................6
Water Solutions........................................................................................................................................................6
Waste Water.........................................................................................................................................................6
Financial Services & Solutions..................................................................................................................................7
Investment Advice................................................................................................................................................7
Tax Advice.............................................................................................................................................................7
Pension Advice......................................................................................................................................................7
Wealth Planning & Inheritance ............................................................................................................................7
Conclusion & Contacts..............................................................................................................................................8

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BUILDING DREAMS: INTRODUCTION
Navon d.o.o. was established in 2008 to provide high quality and exclusive property design and construction
customised for the needs of discerning clients.
We pride ourselves on our ability to deliver value, both for
the construction project and for the whole life operating
costs of a building. To achieve this objective:
• We advise on efficient design, utilising the sun to
optimal effect for light and heat,
• We select materials and solutions that are low
maintenance and stand the test of time,
• We provide high energy efficiency by selecting the
appropriate insulation and glazing,
• We provide solar systems (thermal and photovoltaic),
and,
• For winter, solid fuel furnaces (pellet, wood-chip or log)
with wet-back to supply radiators.
Our focus on excellence continues throughout our project management services, providing regular reports,
inspections and control points; thereby ensuring the client’s project is delivered within specification, schedule
and budget requirements.
NAVON & PARTNERS
Over recent years Navon has expanded its operations with strategic partners to provide a range of additional
services. These include financial services for investment and pension planning, including retirement abroad, via
our UK and Jersey partners: who are qualified and approved by UK and EU financial authorities and the EBRD.
Via our in financial consultancy services we are advisers to investors in both hydro and solar energy facilities in
Montenegro.
We also provide high efficiency commercial/industrial building systems. In addition we are founder partners in
the first bio-diesel factory in Montenegro, and we are founder partners in the first EU standard wood pellet and
wood chip factory in Montenegro.

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NAVON LAND BANK
Navon has built a ‘Land Bank’ of various sites for development of single villas or multiple units (sub-division
sites for gated communities of villas, houses, apartments, etc.). The Navon Land Bank comprises sites
in/around all the main tourism locations in Montenegro: coastal, lake and mountains and comprises over
250,000m2.
We have sites with full planning for immediate development, together with sites at various stages of planning
where we can work on behalf of the client to build land asset value by securing planning and by advising the
client on the ‘highest/best’ use of their property to be developed.
The following table provides example average gains that can be expected by improving planning:
Land Status Value M2 Gain % ROI %
Not Urbanised €50 0% 0%
Urbanised (UP) €100-200 100% 100%
General Urban Planning (GUP) €150-300 50% 200%
Detailed Urban Planning (DUP) €200-700 33% 300%
JOINT VENTURES
We can provide flexible joint venture terms with clients investing in one or more of our Land Bank projects
and/or we can joint venture with a client on their own site or project. Our range of services are usually
provided as a complete package for clients as this ensures clear responsibility and control for the benefit of the
client, the project and Navon.
Our services include: feasibility & highest/best use studies, concept designs, planning permit administration,
legal advice/structures, design, architecture and engineering, together with all stages of build, budget
management and quality control reporting.
Once the project is complete we can provide full property management services including staff, maintenance,
rental or sale.
FRACTIONAL JV INVESTMENT
Fractional JV Investment works in much the same manner as Joint Venture with all the same services provided.
The primary difference is that Fractional JV Investment is suited to multiple investors who want to ‘pool’ their
resources, like a small investment club. We can structure projects the enable each investor to invest equally or
for investors with different amounts of investment.
To date all of our projects have returned over 100% within 12 months of completion.

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THE DREAM BEGINS: DESIGN & ARCHITECTURE
What we strive for is encapsulated in one tiny word ...
WOW!
There are many factors of ‘wow’ design, including
• First impressions, with the bonus of unfolding discovery,
• How the building works with the terrain and environment (including sun and wind),
• The spatial plan of rooms (a surprise around every corner, or expansive open plan),
• The sense of seamless indoor-outdoor living (an open and airy feeling, regardless of season),
• The subtleties and nuances of visual effects (disguising mass, creating secrets or space),
• The marrying of materials (pleasing the eye, while delivering function),
• The framing of views and use of landscape planning (leading the eye to the dream view),
... in fact, the list is exhaustive, although, thanks to our experienced team, it is not endless.
OUR DESIGN & ARCHITECTURAL TEAM
Our design and architectural team comprises career professionals with passion and flair for what they do:
design and architecture is their life talent (that is why we work with them).
Over many years (prior to our establishment in Montenegro), we have worked with many international
‘signature’ designers, and we still do when specifically requested. However, it has always been the case that
our local team end up doing the majority of the work. Therefore we are happiest when our design team lead
the project with direct contact between them and the client: which ensures continuity and delivers the best
results for local fee rates (value with flair, in our experience).
Our design team varies depending on
the project. Each of our designers (all
architects by profession) has an area
of specialisation and we select and
coordinate the design team according
to client needs. A retail client seeking
a villa or small apartment
development of a specific style will
have one design team with
appropriate talents, while a investor
seeking many units (i.e. a resort) will
have a much larger and more diverse
design team.
DREAMS TO REALITY (OR REALTY)
In all cases Navon is the project manager that ensures the client dream becomes a reality: from initial concept
through to keys in hand – we advise, support and deliver every step of the way.
For the client there is only one button to press and one source of guarantee: we take full responsibility for what
we do because we know that what we do is professionally managed to create one response from you ... WOW!

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BUILDING MATERIALS
We have established partners who are specialist importers in Montenegro of all forms of building materials
that meet EU standards.
Any material or product required for residential or commercial construction can be acquired for our clients,
usually at significant discount to comparable materials available in the local market.
The average delivery schedule is within 90 days from order and all materials/products are provided with
manufacturers guarantees. Naturally, Navon manages all logistics on behalf of clients.
ENERGY SOLUTIONS
We are ‘green warriors’ at heart. Not for the sake of being ‘green’ (God forbid) – we simply look at economics.
Power, water and all other utilities will continue to rise in price and some will become extremely expensive
(note: see EU 2020 to 2050 energy forecasts).
We would love to build 100% off grid property (and we can), but client preference locations for land must be
our guiding factor: so we offer both ‘grid independent’ or ‘grid efficient’ property solutions.
Imagine ... your annual electricity and water bill can become a credit! We are not dreaming, we are doing it
and making energy efficiency a reality.
SOLAR
We have secured tariff rates in Montenegro for Photovoltaic solar cells that feed a house and/or grid. We have
thermal solar systems that provide hot water and heating for more than just a house – we can turn your pool
into a ‘hot-tub’!
BIOMASS
Navon is a founder partner of EcoMont, the first EU standard biomass production company in Montenegro.
We have secured dealer/maintainer rights for best in class heating and CHP (Combined Heat and Power)
systems for our clients. And we can offer very efficient economic solutions at both retail and large user levels.
BIO-DIESEL
Navon is a founder partner of Eco-City Montenegro, the first bio-diesel production company in Montenegro
and the first economic bio-diesel production company in Europe. We are utilising a new technology (Enzyme
based) patented in Israel that requires less than 50% of the energy cost of traditional methods.
We know that traditional fossil fuel (oil) based heating systems can use our product and secure 10% to 20% fuel
cost reductions, plus rather healthy carbon credits.
WIND
Wind is not a reliable energy source, but when combined with other systems it can generate a significant
amount of power. The technology has improved in recent years so there is no need for large propeller based
turbines: our favoured solutions are vertical helix blades as they are much smaller and do not transfer high
stresses to the structure they are mounted on.
WATER SOLUTIONS
For clients seeking remote or secluded locations we can provide rain water capture and storage, with or
without water filtration systems. Subject to location, we can also provide ‘bore-hole’ solutions to tap into
underground springs or aquifers.
WASTE WATER
Waste water (sewage) can be a major source of pollution. Fortunately there are now several options available
for clients that clean such waste to ensure the client knows they are not polluting, many of these systems
recover the water which can be used for technical purposes (i.e. not for drinking).
Depending on the site features, size and location we can offer completely enclosed bio-digester solutions,
some of which have the added feature of producing energy. We can also offer Reed-bed solutions if the site
provides sufficient space.

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FINANCIAL SERVICES & SOLUTIONS
Navon has established a partnership with MA & Associates who
are based in Montenegro and are qualified for UK and Offshore
financial services. MA & Associates has partner offices in
London, Ireland, Jersey, Guernsey, Malta, Monaco and Geneva:
each office specialises in providing the most appropriate services
and financial structures for a clients private or corporate
requirements
INVESTMENT ADVICE
Even a private property is an investment and if it is structured correctly from the outset then it can be an
extremely rewarding, profitable and tax efficient investment that delivers both income and capital gains over
long periods of time, particularly in Montenegro.
The Montenegro property market is relatively stable and showing steady growth, specifically for high quality
property such as villas. The rental market comprises both long term let (usually to foreigner professionals
working here on large developments) and tourism rental (the tourism market here is in the top 3 globally for
double digit annual growth over the next decade).
MA & Associates follow the property market closely and can advise on how and where to invest for best
returns or lifestyle (i.e. for retirement). We can also advise on Joint Venture and Fractional property
investment structures, including the provision of Financial Oversight and Accounting.
TAX ADVICE
The Montenegro tax system is currently very favourable, one of the lowest in Europe. However, clients often
need to consider their home tax situation, as well as planning for tax efficiency into the future. MA &
Associates can provide expert advice for clients from any international jurisdiction.
PENSION ADVICE
We can provide pension structures that ensure ‘AAA’ security while mitigating (often to zero) income tax,
capital gains tax and inheritance tax. Our structures also have no ceiling, so clients can grow their pension to
levels appropriate for their lifestyle.
WEALTH PLANNING & INHERITANCE
Research shows that most people start pension planning before
age 40, and seriously start looking at optimisation and growth
improvement from age 45. Under most pension laws it is
possible to retire from age 55, and when people do retire almost
10% p.a. retire abroad for climate, lifestyle and financial (lower
cost/lower tax) reasons.
MA & Associates has been providing wealth and inheritance planning for clients since 1995, many of whom are
international people who retire abroad.

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CONCLUSION & CONTACTS
Navon d.o.o. is more than just an experienced builder, we are experienced business professionals focused on
ensuring that our clients get a high quality property and high quality investment returns.
We use ‘best in class’ materials and build services, to assure success for your investment.
We have partnerships with professional organisations that are ‘best in class’ for financial services, to assure
success for your investment and your long term financial security.
Feel free to contact us to discuss your property and/or investment requirements and how we may best serve
your needs.
Name Position Languages Phone
Nir Navon Navon Managing Director Hebrew & English +382 68 102 151
Victoria Navon Navon Partner Serbian, Russian & English +382 68 068 917
Marc Allenet MA & Associates Partner English +382 69 238 796