Maybe Montenegro has caught your eye because of its favorable tax system. Or maybe it’s part of your long-term plan for a passport with EU membership. Or maybe you see it as a great real estate investment.
Aside from these strategic considerations, you might be left with some questions. What’s it like living in Montenegro? How much are living expenses in Montenegro? Are there many other expats living and working in Montenegro?
Below you’ll find answers to these questions with guidance on everything from the cost of living to how to retire in Montenegro. This is your guide to determining if Montenegro is a good place for you to live.
Buying a property is a huge investment and a big step. Doubly so if it’s located in a country you’re unfamiliar with.
There can be unusual legal procedures, different terminology and the ever-important idea that location matters most. Montenegro is a great place to live with a fairly straightforward real estate system.
A property may be the home where you live or at least be a significant piece of your portfolio, so don’t make a purchase without doing your research.
The Montenegro property market is an interesting one for those looking to relocate. It has the potential of offering that ideal combination of discounted prices now and appreciating value in the future.
There are a few complementary factors driving Montenegro property prices upwards. Generally, they are all related to drawing foreign capital and people into Montenegro’s real estate market.
This article delivers a snapshot view of the Montenegro real estate market in 2021 with a look at where it’s going in the future.
Montenegro’s real estate is one of the country’s most attractive features. From beachside villas on sunny coastlines to lodges up in brooding mountains, there is a property in Montenegro for everyone!
To make matters even better, Montenegro’s favorable tax system also applies to real estate. That means that land-transfer, property and capital gains taxes are lower than they are in most parts of the world.
All that said, there are a few points to watch out for. Contracts are written in Montenegrin and urban planning is only just catching up to the rest of the world. You’ll need to set a plan and seek out trustworthy advice.
Montenegro’s beautiful natural environment — from sunny beaches to hiking in verdant mountains — has made it a hugely popular tourist destination. Combine those features with a government keen on EU membership and pro-business tax system and you have an attractive candidate for relocation.
Getting a Montenegro residence permit will be an essential, early step in your plan to move to the Balkan country. There is a firm realization in Montenegro that further economic success will be fueled by immigration, so gaining residence is definitely achievable.
After moving to a new country, social media and video-chat technology have made it much easier for today’s expats to stay in touch with friends and family from back home.
At some point, they might find it difficult to relate to your stories about trying to decipher a utility bill written in Montenegrin. And they probably won’t have any tips for the best place to find fresh seafood in Podgorica.
That’s where a thriving expat community comes in handy.
Because of Montenegro’s short history as an independent country and the diverse multi-ethnic makeup leftover from its time as part of Yugoslavia, it’s tough to say exactly how many expats live in Montenegro.
One thing’s for sure, expats are thriving and growing segment of the country’s approximately 625,000 inhabitants.
Montenegro offers one of the most dynamic economies in the Balkans. After the strife of the 1990s and independence from Serbia in 2006, the Montenegrin government has been singularly focused on creating prosperity.
That means attracting entrepreneurs by making setting up a company in Montenegro as easy as possible.
Calling a new country home also brings a number of opportunities to invest capital into the place you live. Montenegro has a young and evolving economy so it’s understandable that you have questions about investing in Montenegro.
Moving to Montenegro may well involve buying a house. That’s a major real estate investment but this guide will also cover financial and more diversified Montenegrin investment opportunities.
Death and taxes are the two certainties of life. We’re still working on a solution to the former, but easy immigration means that you can have an effect on the latter.
Montenegro’s favorable tax regime is definitely one of the pros of living here. Choosing this small Balkan country doesn’t mean a total holiday from taxes but it does usually mean a reduced tax load compared to the rest of Europe.
Generally, the answer to the question “how much tax does Montenegro charge on X?”, is 9%. It goes without saying that that’s less than almost anywhere else in the developing or developed world.
There are some nuances to the Montenegrin tax system — from real estate taxes to VAT. This guide will walk you through all of the important points and help prepare you to keep your tax bill as favorable as possible.