When considering purchasing real estate in Montenegro, it's important to take into account several factors that can affect both the price and the quality of your future life:

• Distance from the sea: Properties in coastal tourist towns close to airports typically have higher prices compared to other towns. For example, Budva, Tivat, Pržno, and Sveti Stefan are known for their high property prices. Conversely, in northern Montenegro, in towns like Cetinje, Podgorica, Nikšić, and Žabljak, property prices are generally about 40% lower.

• Tourist popularity: If a town is popular among tourists, you have the option to purchase a property and rent it out during the summer months, as demand will be high during the tourist season.

• Primary and secondary property: Properties sold directly by construction companies are usually modern, with good interior design, plumbing, air conditioning, and thermal insulation. These are typically features not found in properties sold as secondary real estate. The presence of these characteristics can be significant during the colder autumn and winter months.

• Infrastructure: It's important to pay attention to the availability of kindergartens, schools, shops, beauty salons, pharmacies, and clinics near your property. In Montenegro, there is no public city transportation, and parking spaces are often limited in urban areas. Therefore, consider the need for a garage or parking space.

• Renting for temporary stays: If you plan to rent out the property for temporary stays in Montenegro, consider the seasonal differences in rental prices. In the summer, rental prices are usually higher compared to the autumn, winter, and spring periods.

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In Montenegro, foreign nationals can obtain a residence permit based on various criteria:

• Employment in a registered Montenegrin company: In this case, the residence permit is issued in accordance with the duration of the valid employment contract and can be renewed for subsequent periods, following the contract's duration. Family members can also obtain a residence permit through family reunification with the primary applicant, provided they are legally married and possess the necessary documents.

• Education: Foreign students studying at Montenegrin universities are granted a residence permit valid for one year, which can be extended for each subsequent academic year.

• Starting your own business: In the case of establishing a company, a residence permit is issued for a period of one year and can be renewed if the company remains active.

• Property purchase: A residence permit related to the purchase of real estate is issued for a period of one year, with the possibility of renewal.

Obtaining Montenegrin citizenship was made possible through the Montenegrin Citizenship by Investment program, which was valid until December 31, 2021. The preparation and collection of the necessary documentation usually take about a month.

There are two investment options for obtaining Montenegrin citizenship: Option 1 with an investment of €350,000 and Option 2 with an investment of €550,000. These amounts include real estate investment, donations, due diligence process, and administrative fees.

Montenegro stands out for its competitive taxes compared to Western European countries. For instance, the property tax on the secondary market is only 3% of the cadastral value of the property.

If you choose to purchase property on the primary market, you'll be pleased to know that there is no real estate transfer tax, significantly simplifying the buying process.

The annual tax that foreign citizens pay in Montenegro, known as the "Property Tax," amounts to 0.6% of the cadastral value of the property, regardless of whether the property was purchased on the primary or secondary market.

As Montenegro prepares for its EU membership by 2025, laws, including those related to taxes, are also evolving. Currently, there is consideration of introducing an additional tax for property owners who cannot prove the source of their income. In the case of selling illegal properties, the seller will be subject to additional tax obligations, the exact amount of which has not yet been determined and is currently under government review.

Property Management Involves the Transfer of Ownership Rights to Our Company, with the Goal of Generating Profit.

By entrusting property management to experienced professionals, you will secure the following benefits:

• Significant time savings - You will no longer have to deal with finding tenants, collecting rent, monitoring and paying utility bills, organizing property viewings, drafting contracts, and getting them notarized.

• Any issues related to physical wear and tear on the property or unforeseen circumstances will be handled by our expert team. We will also find a reliable cleaning company and take responsibility for maintaining the property's cleanliness both before and after leasing.

Our primary goal in providing these services is to achieve a return on investment for the owner.

Primary and secondary real estate markets in Montenegro: Considerations when buying

Purchasing real estate in Montenegro, like in other countries, involves various legal aspects during transactions. On the primary market, properties are usually bought directly from the developer. However, it often happens that after construction is completed, the developer transfers ownership to their subsidiaries, and transactions are then conducted on the secondary market, where ownership is transferred from the first to the second owner, even though the property is new.

Advantages of buying from developers on the primary market in Montenegro

Price: Buying during the construction phase allows for significant savings, as prices are usually lower in the initial sales phase. Apartment prices on the primary market in Montenegro vary depending on proximity to the sea, ranging from €1,200/m² to €1,500/m² in coastal cities like Herceg Novi, Bar, and Budva. Inland, for example in Podgorica, average prices are around €1,000/m². On the secondary market in Montenegro, prices are higher, averaging €1,500/m² on the coast and €1,100/m² in Podgorica.

Time savings: Buying from the developer simplifies the process and saves time, as it does not require checking the seller’s financial history or investigating debts and encumbrances on the property.

Wide selection: Purchasing during the construction phase allows you to choose the size, floor, parking, layout, and decoration of the apartment according to your preferences.

Savings on repairs: Apartments in new buildings often do not require major repairs or maintenance in the first few years after moving in.

Infrastructure: New residential complexes in Montenegro usually include supermarkets, pharmacies, and other essential facilities within the complex.

Advantages of buying already built properties on the secondary market

Developed infrastructure: Secondary properties are often located in more established areas with existing infrastructure.

Savings on repairs: Buying already occupied apartments often means that repairs have already been made, and some apartments even come furnished, allowing for quick move-in.

Buying real estate in Montenegro - Tips for profit and living

When planning a profitable real estate purchase in Montenegro, it's crucial to first clearly define your goals. The question is whether you are buying property for rental and profit or for permanent or temporary residence with your family. In this context, several appealing destinations for purchasing rental properties or profitable investments include cities such as Budva, Kotor, Tivat, Sveti Stefan, Pržno, and Ulcinj. These coastal cities are highly sought after during the tourist season due to their proximity to the sea, developed infrastructure, and accessibility to airports.

If you are considering buying property for permanent residence, or for times when the tourist season is not in full swing, there are several other attractive options. Podgorica, the Montenegrin capital with an airport, offers a good selection. Additionally, places such as Sutomore, Herceg Novi, Bar, Šušan, Stoliv, and Zelenika are also appealing locations for buying property for permanent residence. These towns and areas have well-developed infrastructure, with proximity to schools, shops, healthcare facilities, restaurants, cafes, and other recreational amenities.

Factors influencing real estate prices in Montenegro

The purchase or rental of real estate in Montenegro depends on several key factors. Distance from the sea, developed infrastructure, the condition of the property, and the building's construction technology are all elements that shape the overall price.

Below, we will consider each of these factors so you can make profitable decisions when buying or renting properties for permanent or temporary residence.

Location assessment

The distance from the sea plays a crucial role in determining the price of real estate. Properties near the coast and popular tourist destinations such as Budva, Kotor, Tivat, Sveti Stefan, and Pržno usually have higher prices per square meter compared to less-known places. If you're willing to forego a sea view but want proximity, you can save up to 10% on purchasing an apartment. Considering these aspects is essential in making your decision.

Infrastructure

More developed infrastructure typically results in higher real estate costs. Purchasing property in smaller towns with less developed infrastructure can be a more cost-effective option if you are mobile and willing to make compromises. This also helps avoid challenges such as limited parking and crowds during the tourist season. The price of property with developed infrastructure will vary according to the additional amenities it offers, such as landscaped yards, playgrounds, and parking.

Property condition

Before deciding to purchase, be sure to inspect the rooms, utility systems, and the condition of the finishes. If you notice any defects, consider the options for repairing them, as well as the causes that led to these issues. Discuss these matters during negotiations and before signing the contract to avoid potential problems in the future.

Construction technology

The building's construction technology can also influence the price of the property. Prefabricated monolithic structures or panels are usually more budget-friendly. Brick construction, though rarely used in Montenegro, can significantly increase the price. Consider this factor when choosing a property.

Facade finish

The type of facade finish can also impact the price of the property. Facades covered with decorative brick typically increase the value of the real estate.

Kvadratnekretnine.me offers you a simple online procedure for buying and renting real estate

Our platform allows you to easily finalize a lease or purchase agreement for real estate from anywhere in the world. Here's how you can do it:

1. Choose the property that suits you and get online advice from our expert.
2. Reserve your preferred option at a fixed price.
3. Prepare and sign the necessary documents for the transaction.
4. Complete the deal and celebrate with your loved ones.

Montenegro – An ideal destination for small and medium-sized enterprises in 2022

In 2022, Montenegro attracts small and medium-sized enterprises due to its low corporate tax rate (just 9%), standard VAT rate of 19%, fast company registration procedures, and the possibility of obtaining residence permits for employees based on employment.

Business relocation process to Montenegro

1. Choosing the organizational and legal form of the company and its registration.
2. Selecting office or industrial space or land.
3. Concluding purchase or lease agreements for real estate.
4. Legalizing employees and their families, as well as finding suitable housing for relocation.

Kvadratnekretnine.me provides support throughout the entire relocation process. We offer a wide range of services related to business immigration for companies and their employees:

• Company registration in Montenegro: Selecting the legal form, registering the company, tax advice, and fund transfers. We provide information on the specifics of doing business in Montenegro.

• Immigration services: Obtaining residence permits for employees, preparing necessary documentation, translations, and notarizations.

• Real estate: Helping you find suitable office, industrial, and warehouse spaces, as well as residential units for your staff. Our website features listings of commercial and residential properties in various cities.

• “Renting real estate in Montenegro online”: For those considering business immigration, we offer convenient online scheduling for property viewings and contract signing from anywhere in the world.

• IT and telecommunications: Providing advice on internet speeds and provider options at different locations in Montenegro.

• Banking services: Assisting with opening bank accounts in banks with privacy and without automatic exchange of tax information. We also provide advice on corporate banking services.

• Legal services: Offering legal support throughout all stages of relocation, including company registration and obtaining residence permits.

• Certified translation: Our certified translators will handle all necessary document translations for business and employee legalization.

• Accounting: Providing comprehensive accounting services, including establishing tax residency and maintaining accounting and tax records in compliance with the law.

The search for a workspace in Montenegro, whether for a temporary or permanent job, can be crucial for your success. Whether you're an accountant, lawyer, manager, designer, or programmer, managing an existing company, or starting a new business in Montenegro, co-working spaces are an excellent option. They not only provide you with a workspace but also offer maintenance and various services.

We will review the offers of workspaces for remote work along the Montenegrin coast and in the capital, exploring the advantages and disadvantages of each.

Budva

If you want to work by the sea and have quick access to the beach for relaxation or an evening walk, Hubrela might be an ideal solution. It offers good internet, is only 10 minutes from the coast, and has separate rooms for meetings and relaxation. The downside is that it's currently the only co-working option in Budva, so finding a free spot can be challenging.

Tivat

Igranje is a place where you can find not only a desk with a printer and scanners but also an outdoor area for relaxation. There are terraces for sunbathing, gazebos, barbecues for unwinding, as well as bike and kayak rentals. Fast 100 Mbps fiber-optic internet is available. It has separate rooms for meetings, relaxation, and a fully equipped kitchen. The only drawback could be the heat during the summer days.

Porto Montenegro

Porto Montenegro is not just a place for luxury yachts and entertainment, but also home to an innovative co-working space within the Innovation Center. Although the website promises an open terrace and other amenities, in reality, some things may not be available. The working hours of the co-working space can be unclear, and it's often closed. The advantage is the proximity to other good cafes and restaurants.

Kotor

If you love cats and can't imagine your workday without them, Kovork and Balkanoffice are options in Kotor. The co-working space is located in a historic building and offers modern minimalist design, fast Wi-Fi, and a beautiful view. The downside is that it may not be possible to see pictures of the workspace on their website.

Herceg Novi

Kolektiv Novi is the most spacious and brightest co-working space in Montenegro. In addition to offering modern and comfortable work desks, it has a large meeting room. They often organize events, exhibitions, and holidays, which is a great opportunity to connect with like-minded people. There is also Impact Co-working in Herceg Novi, which is open 24/7 and offers reception services and lockers for your belongings.

Podgorica

Although it is the main business center of Montenegro, the choice of co-working spaces in Podgorica is similar to other cities. Mtel Digitalna Fabrika is an option that might be attractive. Although they don't have a website, reviews are available on Google Maps.

Another option in Podgorica is the mysterious shipyard co-working space, for which it is difficult to find information other than contact details.

If you want to work seriously in Podgorica, Vork Hub and Nest might be perfect choices. On their websites, you can find all the necessary information about working hours, services, and prices.

Prices generally range from 10 euros per day, with the possibility of renting a personal work desk. Free coffee, tea, and water are usually included in the price.

Benefits of Remote Work and Living in Montenegro

If you work remotely and only require internet access, but haven't yet decided where you'd like to relocate, read about the experiences of our friends who have already chosen Montenegro as their destination and discuss the numerous advantages this country offers compared to other options.

Mild climate

One of the most significant benefits is Montenegro's moderate climate. Compared to tropical and desert countries, you can work efficiently here almost year-round, except during the summer months from June to August. Even then, air conditioners effectively cool the space. Maximum summer air temperatures reach 40°C, while the sea temperature is around 20°C. Winter sees more rainfall, but if you enjoy winter activities, you can head to the north of the country and enjoy skiing. It's worth noting that many homes have underfloor heating and heaters, although central heating is not widespread.

High level of security

Montenegro is known for its high level of security, with widespread use of video surveillance and a vigilant police presence.

Fast and simple residency procedure

To become a resident, you can open your own entrepreneurial or social enterprise without the need for frequent travel abroad to stamp passports at the border. The costs of starting a business quickly pay off compared to travel expenses. In 2022, there was a temporary suspension of the citizenship-by-investment program.

Availability of workspaces and good internet

Montenegro offers various options for renting workspaces, with prices starting from 10 euros per day. These prices usually include the use of necessary equipment, water, tea, coffee, and fast internet. Internet provider speeds vary depending on the season and location, with better conditions closer to the capital, Podgorica. Sometimes on the coast during the summer months, there is congestion, mainly in the evenings when tourists return to their apartments after excursions. Operators offer different packages, such as 50 GB for 11 euros, 600 GB for 20 euros, 800 GB for 30 euros, and mobile internet for 5 euros for 2 GB.

Affordable rentals

Many long-term rental options for apartments are available on our website in popular coastal cities such as Budva, Herceg Novi, Bar, and Podgorica. Prices are competitive, and you can easily book appointments for viewings.

Friendly community

Montenegro offers numerous online communities and groups on platforms such as Facebook and Telegram, where you can meet people with similar interests, get advice, or find help with everyday needs such as finding doctors and other services necessary for living and working.

Easy visits to neighboring countries without visas

Montenegro is close to countries like Bosnia and Herzegovina, Serbia, and Albania, for which you don't need visas. You can also obtain a visa for Croatia in just a few days for 35 euros in 2022. Bus tickets to Bosnia and Herzegovina are affordable, costing only 24 euros round-trip per person. Travel is comfortable and safe, with good roads and quality buses.

Eco-friendly environment and quality food

Montenegro is known for its natural beauty and quality food. Restaurants in the capital offer the best specialties, but even on the coast, you can find a variety of Mediterranean and exotic cuisines. Local Montenegrin cuisine often offers more affordable options compared to Japanese, Chinese, and Italian restaurants. Food delivery from restaurants and cafes is widespread in all cities.

Impressive scenery

Montenegro offers stunning views from the windows of houses and cars. If you appreciate aesthetics and want to enjoy panoramic views of the sea or mountains from your balcony or while driving, this country offers many rental houses and apartments with beautiful views.

Active recreation all year round

Montenegro provides various opportunities for active holidays, both in summer and winter. You don't have to spend a lot of money on vacations, as you can enjoy exploring the natural beauty of mountain lakes, pine reserves, or cultural landmarks with your whole family. Activities such as kayaking, stand-up paddleboarding, water sports, hiking, and canyon exploration offer a wide range of recreational options. Here you will find a rich selection for an active and affordable holiday throughout the year.

Ensure a smooth transition for yourself and your loved ones by obtaining your residence permit in Montenegro with the guidance of our expert. Until the end of 2022, we are offering a special promotion called "Receive a Residence Permit as a Gift with the Purchase of Property."

Here are the main benefits of working with our specialists:

Fast and efficient residence permit

With our programs, you can obtain a residence permit in Montenegro in just one month.

Free consultations

Our specialists are available for online consultations, allowing you to receive all the necessary information from the comfort of your home.

Expert guidance

Throughout the entire process, we work with top specialists who will support and guide you through the program.

Residence permit programs in Montenegro

Explore the various programs and their costs through our company. The service fees depend on factors such as your citizenship and the type of documents that our lawyers, accountants, and translators will help you collect.

Residence permit based on employment

We offer support for lawful employment in local companies, including the collection of all necessary documents and translations (starting from €250).

Residence permit based on starting a business

The fastest and easiest way to obtain a residence permit in Montenegro, with a registration process that takes up to 7 days (starting from €350).

Residence permit based on property purchase

By purchasing property in Montenegro and gathering the required documentation, you can obtain a residence permit within 30 days (starting from €230).

Residence permit based on family reunification

If you want your family to move to Montenegro, we will help you quickly compile a document package for all family members (starting from €150).

Additional Services We Offer:

Opening a bank account

We provide support in opening bank accounts for legal entities and individuals (starting from €300).

Legal document translation

We offer legal translations of documents of various complexities, such as contracts and certificates (starting from €20).

Rental agreement

We assist in officially drafting and notarizing rental agreements for your residence permit or relocation to Montenegro.

Company support

Our company provides comprehensive accounting and legal support for your business in Montenegro (starting from €50 per month).