Obtaining Temporary Residence Permit through Real Estate Purchase Eligibility Criteria: Applicants:Foreign citizens, their spouses, and children under 18. Property Types:Residential or commercial properties (e.g., houses, apartments, commercial units, hotels, restaurants, holiday homes). Applicant Requirements: Valid ID document or passport. Details about the permit holder (name, place...

Montenegro, with its stunning landscapes, pristine coastline, and burgeoning real estate market, emerges as a compelling destination for savvy investors seeking lucrative opportunities. Investing in a condo in Montenegro not only promises a piece of the breathtaking Adriatic coastline but also offers a strategic foothold in one of Europe's fastest-growing tourism markets. With a favorable investment...

In the realm of Real Estate Transfer Tax legislation, a recent amendment has introduced progressive tax rates for real estate transactions, effective January 1st, 2024: For transactions up to €150,000.00: a rate of 3%; For amounts over €150,000.01: a fixed amount of €4,500.00, plus 5% on the excess beyond €150,000.01; For amounts over €500,000.01: a fixed amount of €22,000.00, plus...

If you doubt whether you need the services of a real estate agency when buying or renting real estate, all the arguments are on the side of the agencies, and we highlight some of them: Agent know the Real Estate Market A qualified agent is thoroughly familiar with the real estate market, so he can give you helpful tips that will speed up the sale of your property, protect your interests, and save you...

  VAT of 21% is required to add to above listed tariff. For a real estate property value over € 120,000.00, for every additional € 15,000, the fee is increased by € 10, but it cannot exceed € 5000. In case we have a pre-contract, the fees will be subject to a 50% fee under above listed tariff. If a contract is signed with the same notary on the basis of a pre-contract, the fee for...

Real estate sales tax The real estate sales tax rate in Montenegro is 3% of the tax base, or of the market value of the property. Real estate sales tax is not paid for new real estate, but only for used real estate, so if you are buying an apartment in a new building and you are the first owner of the real estate, no sales tax will be paid. The real estate taxpayer is the real estate acquirer. The...

Administrative capital: Podgorica Historical capital: Cetinje Population: 650 000 Coastline: 293 km Length of beaches: 73 km Highest point: 2523 km National Parks: Durmitor, Squirrel, Skadar Lake, Biogradska worse, Prokletije Language: Montenegrin-Serbian, Bosnian, Croatian Border: with Serbia, Bosnia and Herzegovina, Croatia, Albania Currency: euro Geography Montenegro is...

Once you find the right property through a sales agent, and agree with the owner about the conditions of a purchasing procedure, a contract is signed to the public notary. The contract describes the obligations of the buyer and the details about the price and terms of payment . The buyer then pays a deposit , which is usually 5-10 % of the contract price. If we have a situation that the buyer cancels the...