On 3 October, 2019, the government of Montenegro announced that it was receiving applications for its citizenship-for-investment programme that will last until 2022.
To obtain a Montenegrin passport, investors must buy local property for €250,000 in the north of the country or €450,000 in the south and put €100,000 into a special fund for national development.
Real estate maintenance costs in Montenegro are rather low for Europe. For example, the owner of a two-bedroom apartment in a modern residential complex who lives there from May to October would only pay about €1,500 per year to maintain the property.
Montenegro, the little explored ‘gem of the Adriatic’, has ancient cities and bays nestled in the coastal folds of its majestic mountains. With reasonable prices and many locations to choose from, there’s property in Montenegro for everyone.
Studying in Montenegro has the advantage of low tuition fees, low competition to get in along with diplomas recognised in Europe.
Montenegro is a candidate for EU membership but for the moment national laws regulate travel, residence and employment for foreign citizens as set in the Law on Foreigners in 2015.
Taxes in Montenegro are relatively low.
The Bay of Kotor in Montenegro is popular among tourists for its natural beauty, historic sites and ancient cities of Kotor, Herceg Novi and Tivat. Real estate in these towns is much more expensive than the national average and a three-bedroom house costs about €400,000.
It is relatively difficult for foreign nationals to obtain real estate loans in Montenegro. Erste Bank is the only bank that works with foreign buyers; however, it only grants loans to foreigners who have residence permits.
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Beautiful Montenegro is one of the
Most overseas property buyers are over 55 and already planning real estate succession before they sign the sales contract.