There are many companies offering insurance in Montenegro, but we would recommend: Lovcen Osiguranje will insure your property for 1 EUR per sqm if the property is inhabited and 1,5 EUR per sqm if the property is only used occasionally.They have offices in all major towns throughout Montenegro. You will need to bring your Passport or some other ID, and…
All airports are convenient for the coast. Dubrovnik airport is approximately 14km from the Montenegro border, and it takes about 30 minutes to drive from the airport to Herceg Novi, 80 minutes to Kotor, 60 minutes to Tivat. From Tivat airport, it takes about 15 minutes to drive to Kotor, 30 minutes to Budva, and 90 minutes to Bar. Podgorica…
To obtain a work permit a foreign citizen needs to find a company willing to hire them, or to set up their own company. Usually one year work permits are issued. Work permits can be refused if the quota set by the authorities for that year has been exceeded. Contact us for more information on info@montenegroprospects.com
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Using a foreign exchange broker when transferring your funds abroad or trading foreign currencies, you could save hundreds if not thousands of pounds and even more if you forward plan your foreign currency rate. Whether you are buying, selling or investing in property abroad, foreign exchange transfers are key to maximizing the value of the currency you are sending. Fluctuations…
For a UK client who wants to sign their contract, precontract or Power of Attorney in the UK, the procedure is as follows: 1. Sign the document at a public notary’s office; the notary is legalising the UK citizen’s signature. A list of notaries can be found at: http://www.thenotariessociety.org.uk/ The notary will charge approx £120 for each document. 2. The Legalisation…
Any lawyer you use must be licensed to practise law in Montenegro. To our knowledge there are none in the UK at the moment. We can provide you with a list of lawyers based in Montenegro who are experienced in acting for foreign clients buying and selling property in Montenegro. All are wholly independent from us.
This is the one person that you appoint to act on your behalf so how do you find out who you can trust? Of course, there’s no foolproof answer, but here’s a few pointers… You need to use a lawyer certified to practise law in Montenegro. There are very few living outside of Montenegro. Lawyers in Montenegro work in general…
The most important is purchase tax, which is 3% of the value of your property – valued by the tax office regardless of the purchase price on the contract. Purchase tax is payable as soon as the main contract is signed. It is recommended that you pay the tax immediately as interest rates will charged for every day of delay….
Citizens of most European countries (Austria, Belgium, Greece, Denmark, Estonia, Italy, Republic of Ireland, Cyprus , Lithuania, Estonia, Luxembourg, Malta, Hungary, Germany, Poland, Portugal, Slovakia, Slovenia, Finland, France, Netherland, Czechoslovakia, Spain, Sweden, United Kingdom, Bosnia, Croatia, Russia, Ukraine) do not need visas to enter Montenegro and can stay in the country for up to 90 days. Foreign citizens coming from…
Tourism in Montenegro is still growing at a fast rate and the rental market is not fully developed yet. 2012 saw rental yields of between 4 and 8% for apartments and villas on the coast. Because of the recent drop in property prices and the continues increase in demand for rental properties, a rental yield of 6-8% can be expected.
Yes it is a little different to buying a completed property, in that paying for the property will usually be in instalments, and everything planned needs to be specified in advance. An outline is below. Please email info@montenegroprospects.com for more details on a particular project. Negotiate a price acceptable to you and the developer Place a deposit on the property…
For enquiries call us
Kotor Office: +382 (0)32 322 489
Budva Office: +382 (0)33 453 990
UK Office: +44 (0)1628 623087
Or send us an e-mail
info@montenegroprospects.com
