Buying property in Montenegro - FAQs

Land registry in Montenegro – OnLine database

Land registry database in Montenegro is completely online and it is open for public access. Property deeds can be checked in few steps and in this video we will show you how to do it. If any trouble of using it please feel free to contact us and we will help you free of charge.  

How do I get a residency permit?

First you need to submit a request for a residence permit to the Ministry of Foreign Affairs, or to the Montenegrin Embassy or Consulate abroad. A Temporary Residence permit can be approved if the foreign citizen wants to work in Montenegro, study, or join their family. There can be other reasons that are determined by the Montenegrin and/or International laws. A temporary…

Residence Permit in Montenegro

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Most common Questions about getting the residence permit in Montenegro and how we can help you with the procedure? Last update: 04 Feb 2019 Q: Are the foreign property buyers able to obtain residence permit in Montenegro? A: Yes – based on the ownership of a property in Montenegro (regardless of its value) the foreign citizens can obtain residency permit….

What are the bank charges for money transfers in Montenegro?

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Bank transfer charges to and from abroad to an individual’s private account in Montenegro are as follows: CKB bank FX inflows (loro remittances) The fees charged by the Bank to receive the funds from abroad depend on the inflow amount, and they are as follows: –  amounts up to EUR 3,000 – 1% of the amount –  amounts from EUR…

Are there any loans available for non residents?

In cooperation with CKB bank we are now in the position to offer mortgages to our clients for buying a property in Montenegro.Typically the mortgages are 50% LTV (loan to value) at approx 8% interest rate over 1 to 25 years. For more information please contact us at info@montenegroprospects.com

Evaluation of second homes in Montenegro

There are three basic factors that we need to consider when talking about the value of properties on the coast of Montenegro 1.       Location 2.       State of the property 3.       State of the market Traditionally location is considered the most important factor in determining the value of real estate worldwide. In our market the proximity of the sea or beach…

What can I do to spruce up my property to help it sell?

There are a number of things you can do at no or little cost that will help to show your property in its best light. Here are a few of the basic ones: Clear clutter away Clear away most personal items (clothes, lots of photo frames etc) but important to leave the odd item ( eg. one coat hanging up,…

I understand it’s a buyers’ market so how do I make my property stand out?

First, do an appraisal of the market. What are similar properties on the market for and crucially, what are they selling for? Contact info@montenegroprospects.com for the selling prices in your area. Pitch your property at the right price but with enough room for negotiation. Find out who is buying in that area and approach a proactive agency who have the…

How do I register my vehicle?

Foreign citizens in Montenegro who have received a temporary residency permit may register a purchased car in their name. For this you need: • Copy of certificate of registration of the vehicle (on the previous owner’s name) • The contract of sale and purchase • Your passport and a copy of the photopage and the page with the residency permit….

Is there a double taxation treaty between Montenegro and my country?

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Montenegro has so far signed 42 double taxation treaties with various countries on income and property. 36 treaties (6 are pending) are now in force with: Albania, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Hungary, Iran, Italy, Korea, Kuwait,  Macedonia, Malaysia, Moldova, Netherlands, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Sri…