The Palermo-Montecarlo is one of the most prestigious and renowned offshore regattas in the Mediterranean Sea. It is part of several international circuits, including the Mediterranean Maxi Offshore Challenge (IMA) and the Italian Offshore Championship, organised by the Italian Sailing Federation. Additionally, it is included in the Championnat et Trophées Inshore et Offshore Méditerranée en Equipages-IRC and the Mediterranean Class 40 Trophy.

Established in 2005 through the initiative of the Consul of the Principality of Monaco and the Councilorship of Sport from the Municipality of Palermo, the Palermo-Montecarlo aims to unite two historically friendly cities. The regatta offers high technical challenges and stunning landscapes, attracting sailing enthusiasts from around the world.