Benefits of investing in Montenegro
19 March, 2020If you are thinking about investing in real estate in Montenegro, we will give you several of the most important reasons why you should make a positive decision:
The political situation is stable and the government is clearly orientated toward EU membership. Montenegro is a member of the NATO alliance and the first country in line to be accepted into EU
Taxes are relatively low in comparison to other European countries: Both income and profit tax is only 9%.
A stable currency. Although not yet part of the EU, Montenegro uses Euro as its currency since 2001. year
The purchase process is simple, safe, and straightforward: foreign buyers can buy, sell and rent their properties under the same conditions as the citizens of Montenegro.
A residency permit can be obtained based on ownership of a property, regardless of its value. After five years, property owners can apply for permanent residence.
The rights of foreign investors are equalized with the rights of the local ones: foreign companies can have 100 percent ownership, as the privatization process is open to all. Montenegrin Real Estate Property laws are extended to foreign investors. Moreover, in preparation for EU membership, the country adopted more than 20 business-related laws by EU standards.
Tourism is the most important and dynamic industry in the country, with approximately 2.5 million visitors in 2019.
Montenegro is recognized as one of the Top 10 holiday destinations in the world, voted year after year by industry experts.
Geographic position: its location in Southern Europe bordering the Adriatic Sea is a historical meeting point of the East and West. Flights to both London and Moscow take approximately 3 hours.
Montenegro is well connected: two international airports (Podgorica and Tivat) with low-cost flights from many cities across Europe, four ports (Bar, Kotor, Zelenika, and Tivat), a railway to Belgrade, Serbia, and a ferry service to Bari, Italy.
The climate on the coast is Mediterranean with 240 sunny days. The average summer temperature is 27C while in winter it is 8C. The mountainous north of the country has an alpine climate with substantial snowfall in the winter.
Montenegro is a naturally very beautiful country with incredible natural potential. The country is small but very diverse, from its scenic coastline with sandy beaches, hidden bays, and medieval coastal towns to its five national parks, stunning mountains, and ski resorts. As tourism trends change towards active vacations, unique experiences and sustainable travel, Montenegro is in an excellent position to attract visitors and real estate buyers both now and in the future.
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