HIGH POTENTIAL, ALREADY DAWNING
NEW MEDITERRANEAN LUXURY
Podgorica is Montenegro’s modern capital, and Cetinje, founded in the fifteenth century and the country’s cultural and historical bed, is its ancient regal centre. Portonovi is the capital of new Mediterranean luxury, open to everyone.
Following its independence in 2006, the Montenegrin government has established a business- friendly environment in which growth is encouraged with minimal state inference. This reflects in Montenegro’s competitive tax regimes, among Europe’s most competitive rates. With a rate of 9%, investors are without any restrictions able to fully remit dividend and interest profits. The rate applies to capital gains, company profits, personal income, and withholding tax. There is a 7% VAT on marine-related services. Real property, inheritance/estate and property transfer taxes are on very competitive rates. For more information, please contact our dedicated Sales Team.
Montenegro’s brisk and successful development is seen in its foreign policy. In its efforts to join the European Union, Montenegro was granted candidate status in late 2010, and by June 2012, the European Council launched accession negotiations. The summer of 2017 saw Montenegro become a NATO member.
MONTENEGRO IS DEVOTED TO REFINING LUXURY TOURISM AND BUSINESS
Dedicated to delivering luxury tourism, real estate and infrastructure projects, Montenegro welcomes foreign direct investment as well as support from international organisations – such as the World Bank, the European Investment Bank, the European Bank of Research and Development - and all of which have fruitfully liaised with the Montenegrin government. Montenegro has consequently enjoyed a strong growth in recent years, having become a harbour of foreign direct investment.
Among the many reasons cited for investment include:
• Dynamic growth and development
• Political stability and social harmony
• Regional business hub
• Foreign and domestic investors enjoy the same rights
• Highly-educated and multilingual young talent
• Strategic geographical position with sea access
It comes as no surprise that Montenegro has become the home away from home for many. Between majestic mountains, thick and lush forests, and the cerulean sea, Montenegro crystalizes as a familiar and welcoming home. Globetrotting sun-seekers, who may want a second home, and foreign investors, scouting for exclusive properties for their impressive portfolios, may be able to acquire property rights over residential and commercial real estate.
With some deciding to make Montenegro their first home, many have sought to attain residency and even citizenships. Most visitors can stay in Montenegro for at least 30 days with a valid passport and without a visa, depending on bilateral agreements between countries. Others opt for a temporary residence arrangement on grounds for joining family, work, or perhaps for a long vacation lasting longer than 90 days within a 180-day period.