How to get a property in Montenegro? Consider the main stages of the acquisition (execution of the sale and purchase transaction) of real estate in Montenegro. According to the Law on Foreigners in Montenegro, foreigners have the right to acquire ownership of real estate, and also, on the basis of ownership of real estate, receive a residence permit.
Investors in Montenegro have the opportunity to obtain Montenegrin citizenship (passport of a citizen of Montenegro) according to a simplified scheme. According to the Henley & Partners consulting company, Montenegro ranks third in the world in the ranking of the best citizenship programs.
Tax when buying property. When making a purchase and sale of real estate, in the case of its acquisition on the secondary market, a one-time tax is provided in the amount of 3% of the established value. The amount of tax depends on the estimated market value of this category of objects.
The legalization of real estate (construction objects) in Montenegro has been carried out since 2018 on the basis of the Law on the Regularization of Informal Objects (published in «the Official Newspaper of Montenegro», No. 56 of August 23, 2016).
The geographical position, a favorable investment climate, a simplified business emigration system, legislation loyal to foreigners, and a favorable environment make Montenegro attractive for business and living.
For many foreigners who fell in love with Montenegro for its unusually beautiful nature, the acquisition of real estate in Montenegro becomes an opportunity to legally live in this country without any problems and enjoy all its charms without time limits.