About Montenegro
With its exceptional landscapes, idyllic villages, enchanting sea, top notch gastronomy, incredibly rich history and culture, and so on, Montenegro is home to magical contrasts that manages to satisfy even the most demanding world travelers and explorers.
Why Montenegro
Montenegro, located on the Adriatic sea and a part of the Balkans is one of Europe’s smallest nations. Being the seventh country in the world with the largest number of UNESCO protected areas per square meter, Montenegro has the deepest canyon in Europe and second to largest in the world and has become one of the favourite travel destinations in the recent years and with good reason.
The Natural Beauty
With fantastic views, landscapes, mountains, villages and the Adriatic sea, Montenegro is without a doubt one of the most beautiful places in all of Europe. Tourists flock to the places here expecting the beauty of the country, making the natural beauty a very important part of Montenegro.
A Small Country with Political Stability
Montenegro is one of Europe’s smallest nations. Not just in size but in inhabitants as well, with a population of over 6,00,000. It is also a relatively new country, formed only in the year 2006 and is considered as an upper middle income economy.
Low Cost of Living
Expenses everywhere largely depends on your lifestyle. It depends on if you’re on a budget or like to spend money; it depends if you’re single or married; it depends if you have a pet or a car; whatever may it be, your style of living is a very crucial part of the budget living wherever. Montenegro is in Europe but cheaper when you compare it with other European countries. According to some, you may need a minimum of Euro 700/800 per month, per person. Now, if we consider other European countries that are at least Euro 1200/1500 per month, you can save a lot while living in Montenegro.
Low Taxes
Taxes in Montenegro are relatively low in comparison to other European countries. Both income and profit tax are only 9%, to 15% which is highly convenient if you want to invest in Montenegro real estate.
Popular Tourist Destination
Montenegro is one of the most cleanest and atmospheric European countries. Its climate, beautiful beaches, delicious food and friendly locals make Montenegro a popular tourist destination. There are many sights to see that includes mountains, landscapes, beaches, villages, and much more.
Low Cost of Realestate
Montenegro is an attractive country but it is certainly not suitable for everyone. It is suitable for those who want to live in Europe, in a comfortable climate and close to the sea. Real estate purchase entitles foreigners to obtain a residence permit under a simplified program. The low of cost of land compared to other European countries provides an opportunity for a stable all-year-round income.
Montenegro likely to complete all reforms for EU accession by year 2025
Montenegro is has a real chance to complete all obligations by 2025 and achieve readiness for EU (European Union). This will bring great benefits to the citizens of Montenegro as the primary goal is to improve media freedom, further balance the fight against organized crime and corruption, and reform the judiciary.
Montenegro’s currency is Euro
Montenegro’s currency being Euro has its advantages. The Euro is known to be the second most important currency in the world. It’s strong role in the international field can reduce alliance on other currencies, and boosting its role can allow the European Union to better protect its citizens and businesses while also upholding its values and promote its interests in shaping global affairs.
High GDP growth
GDP (Gross Domestic Product) in the region of Montenegro reached 7.4 in 2021 after a contraction of 3.2% in 2020. This growth saw significant job creation that helped in reducing poverty across all six Western Balkan economies
Very young population
Montenegro is a relatively new European country with its foundation only in the year 2006. So, the population accordingly will be less in comparison to other European countries. While most European countries has a population of millions, Montenegro has a population of around 6.82 Lakhs.
Advantages of owning property overseas
Better return on investments
For most, one of the most important reasons why people want to buy international real estate is to get higher returns on their investments. In most developed countries, higher returns on real estate investments are quite uncommon. But unlike already established markets, emerging markets like Montenegro has been growing consistently over the past years and they will likely keep growing well into the future. The returns in the emerging markets are on the higher end of the scale and if you’re willing to invest in real estate in these kinds of markets, then you are likely to see higher yields and grow the value of your property much faster.
Better protection for your assets
Buying international real estate can be a very useful method for protecting your assets. If a tangible part of your wealth is invested overseas, then anyone filing suit against it, they will need to go to those jurisdictions and unless they have a very strong claim against your business or you, they likely won’t be very successful in their pursuit; that is, if they go there in the first place.
Tax breaks and deductions
Real estate investors in the international market can take advantages of the numerous tax breaks and deductions that can save money. You can deduct the cost of owning, managing and operating a property. The cost of buying and improving an investment property can be depreciated over its useful life and hence, you can benefit from decades of deductions that help lower your taxed income.
