Nestled across the Adriatic Sea from Italy, just south of Croatia, Montenegro is a small European country claiming the title of the fastest growing tourism destination in the Mediterranean. With stunning natural landscapes and established seaside resorts such as Porto Montenegro (recently acquired by the Investment Corporation of Dubai) Montenegro is quickly attracting attention of property investors around the world.
Through 3 international airports, Montenegro is easily accessible from major capital cities, including Dubai, and offers numerous benefits such as low taxes, Euro as official currency, duty free fuel for yachts, and convenient access to one of the fastest growing sailing destinations in the world, the Adriatic Sea.
The UNESCO-protected Boka Bay, a stunning combination of deep blue water, medieval towns and waterfall-laced mountains, has already attracted some of the most renowned developers in the world such as Switzerland’s Orascom, Qatari DIAR, Investment Corporation of Dubai, and 5-star hotel brands such as One&Only, Regent, Aman and Chedi brands by the legendary hotelier Adrian Zecha.
In addition to its beautiful beaches and hidden coves, Montenegro is home to the second deepest canyon in the world (ideal for white water rafting), pristine green nature and 2 ski resorts offering year round outdoor activities. During summer, Montenegro’s coast turns into a glitzy scene with fantastic seafood restaurants and vibrant nightlife, in addition to rich cultural life and festivals.
Euro as official currency
No Foreign Exchange control
Company residence benefits
International Accounting Standards
9% capital gains tax and tax on dividends
Property tax from 0.1% to 1%
3% inheritance/estate tax
VAT is 19%
7% reduced rate tax on marine services
Property transfer tax 3%