In the heart of South East Europe, one small coastal country has big ambitions and is looking to attract international property investors by considering an investor program for residency and citizenship by investment.
Right off the bat, by investing in property through a locally established entity in Montenegro, a foreigner can be granted temporary residence for a renewable period of one year. Aside from residence, if the property is used for an active business or for rental, a refund of the 19% VAT (Value Added Tax) on the property’s purchase price can be obtained. These benefits are already attracting real estate investors from around the world.
Aside from the appealing Mediterranean climate and beautiful seacoast, Montenegro presents many other benefits as an investment destination. The country adopted the euro as its official currency back in 2002, eliminating foreign exchange controls and making it easier for investors to avoid currency risk. The country, moreover, has among the lowest corporate and capital gains tax regimes in Europe at 9%, and has a double taxation treaty signed with 41 countries including the UAE and Kuwait.
Great Connections to International Airports
With two international airports, in Tivat and Podgorica, Montenegro is easily accessed from major European capitals and beyond and is an easy stepping-stone to Western Europe. Many countries, including some Gulf States, enjoy visa-free travel privileges for stays up to 90 days and there is a direct flight from Dubai to Montenegro’s capital Podgorica two times a week.
Strategically located in the midst of one of the fastest growing sailing destinations in the world, Montenegro also offers tax and duty-free fuel, in state-of-the-art marinas, such as Porto Montenegro marina, allowing significant savings on fuel cost, approximately 45% less than countries within the European Union.
Montenegro, sometimes called the Pearl of the Adriatic, for these and many other reasons presents itself as a premium class investment destination and an attractive ‘home away from home’ for the savvy investor.
To find out more about opportunities for acquiring residency status in Montenegro through real estate investment, register your interest with Rooftop Capital, your partner and guide to the best properties available on the Montenegrin coast.