Montenegro is a country located in southeastern Europe on the Balkan Peninsula, with a coastal extension on the Adriatic Sea to the south. Due to its enchanting natural beauty and majestic mountains surrounding the coast, it was called "Monte Negro" by the inhabitants of Venice in the 15th century, which means "Black Mountain" in old Italian. Montenegro is a European country, but it is not a member of...
Montenegro, as a popular and flourishing destination, has over years adopted a suitable immigration policy and a set of regulations that enable many international investors and property buyers to settle down in Montenegro permanently and enjoy all of the benefits this beautiful Mediterranean country has to offer. A residence permit in Montenegro can be obtain firstly on the temporary basis (to...
Buying a property is accompanied by mandatory complementary costs that are to be payed throughout the process of buying a property in Montenegro. Besides the agreed property price that will be stated in the main sales and purchase contract (the sales agreement), the complementary costs are: Paying 3% of the value as the property transfer tax. The value of the property is estimated...
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