Who Are We?
We are young team of professionals with many years of experience in marketing, advertisement, real estate sales, web design, content management, whose synergy led to very unique set of services that we provide to our clients. Our network provides access to the luxury real estate and homes for sale in Montenegro. We are aimed at finding the best property for each individual with the custom-made approach for every client of ours.
Our Services
Real Estate Portal
We are a team of experienced real estate professionals in Montenegro. We have a special and customized approach for each client. We want your purchase or sale to go without stress, additional and unforeseen costs.
Real Estate Presentation
We pay special attention to the photo and video presentation of real estate. This is what, among other things, distinguishes us the most from other agencies on the market. Photo and video materials can be purchased by the property owner.
Meet Our Agent
Our experienced and young team of real estate professionals will provide you with support and all the necessary information to make your buying process completely comfortable and safe.
When Second Home Becomes Primary.
We are young team of professionals with many years of experience in marketing, advertisement, real estate sales, web design, content management, whose synergy led to very unique set of services that we provide to our clients. Our network provides access to the luxury real estate and homes for sale in Montenegro. We are aimed at finding the best property for each individual with the custom-made approach for every client of ours.
Tamara Sheward
Lonely Planet Writer
- Convenient tax policy
- Positive investment climate
- Temporary residency for home owners
- Lower costs for starting business
- Emerging market with stable increase in price
- Undiscovered and unused part of Europe
- Good connection with European capitals
Why Real Estate Montenegro?
No one else will take care of presentation of your property with such attention to detail and present it to its full potential. Being part of our exceptional portfolio, your property will be positioned among most exclusive residential collection in Montenegro. With our team of professionals you can be confident that you will have all needed marketing, advisory and
Specializing In Luxury
Our focus is entirely put on the luxury and unique residential properties. This is why we choose every single property that will be added to our portfolio.
Your property may be showcased in:
- Real Estate Montenegro ‘s website
- PropertyinMontenegro.com
- James Edition
- Right Move
- Zoopla UK
- Qlistings
- Local advertising web sites
The Purchasing Process
Upon the buyer’s decision, the Sales and Purchase contract is certified by a local notary. Contracts of Sale and Purchase are prepared in the Montenegrin language, translated as required. Signing of the final Contract of Sale and Purchase takes place in the presence of the seller, the buyer and, where necessary, a court appointed interpreter. Lawyers for both parties may also be present.
In keeping with Montenegrin law, a property owner may be a naturalized citizen or a corporation, regardless of the buyer’s nationality or the country in which their company is incorporated, respectively.
When the buyer is not available to sign the final Contract of Sale and Purchase in person, they may appoint a representative or trustee to sign on their behalf before the notary. In which case, the buyer must provide a notarized Power of Attorney authorizing a proxy to act as their signatory.
Taking possessions
Buyers transfer funds to the seller according the Contract of Sale and Purchase. Alternatively, the buyer may transfer funds to an account held by a notary, who, in turn, acts as guarantor for the transaction. The buyer’s status as an owner will be registered upon full payment of the purchase price.
After transferring funds to the seller’s account, or to the notary (guarantor), buyers are provided with a Statement of Consent for Registration (‘Clausula intabulandi’), which serves as the seller’s consent for the registration of ownership and transfer of property rights into the buyer’s name. The buyer shall be recorded as the owner of the apartment with the Land Registry office.
Buyers receive full ownership rights, which imply the status of sole owner, as the title holder of the apartment registered in their name with the Real Estate Register
Contract Of Sale And Purchase Fees
Notary and related service fees to complete a Contract of Sale and Purchase depend on the value of the transaction and whether translation services are required.
Taxes
If the property is being sold for the first time, the vendor is subject to VAT, buyers are not obliged to pay any sales tax. Nevertheless, according to Montenegrin law, return of VAT is not applicable to sale and purchase of real estate.
If the property is not being sold for the first time, after the signature of the Contract of Purchase and Sale, the Buyer shall be obliged to pay single property sale tax in the amount of 3% of the total contract value.
Buyers are subject to Montenegro’s annual municipal property tax as calculated by local tax authorities and based on the market value of their dwelling. The tax cannot exceed 1% of the value od the property. Sale and Purchase.
Procedure for applying for Temporary Residence based on owning the property in Montenegro by foreign national
Foreign national is obliged to register in Touristic organization in the town in which he or she plans to apply for the Temporary residence within 24 hours after entering Montenegro.
Foreign national applies by applying personally using special form in the Ministry of Foreign Affairs and by providing following:
- Valid passport
- Health Travel Insurance for 40 days obtained in Montenegro
- Proof from the bank that the foreign national owns 3,600 EUR. It is necessary to open bank account in Montenegro and pay above mentioned amount (10 EUR per day for the period of one year). Other option is that the foreign national has the person who will guarantee to cover his or her expenses during the stay. Statement of the warrantor should be certified by the notary.
- Confirmation from the country of origin that the foreign national is not sentenced of imprisonment for more than 6 months for the criminal offense prosecuted ex officio or the legal consequence have ceased. The original certificate shall be provided along with the translation of official court interpreter.
- Confirmation of accommodation for a period of one year – Taking into consideration that the application for temporary residence is based on possession of immovable property, the Proof of owning immovable property (Real Estate Folio) would be sufficient. In case the foreign national owns business premises, other evidence of secured accommodation, such as the Lease Agreement, should be provided.
- Proof of justification of the application for Temporary residence – Real Estate Folio by which foreign national proves that he or she owns the property in Montenegro.
- Payment slips as the proof of paid fees of 5 EUR and 10 EUR, which are paid on spot.
When applying for Temporary residence, the foreign national is photographed, taken fingerprints and digitalized signature.
Within 40 days after submitting, the Ministry of Foreign Affairs shall make decision about the application. Temporary residence is given in the form of an ID card valid for one year.
The foreign national applies for the extension of the temporary residence permit personally to the Ministry of Internal Affairs at the place of residence 30 days before the expiration of temporary residence permit. One of the conditions for extending the temporary stay is that a foreign national cannot stay longer than 30 days outside of Montenegro for the duration of the temporary stay.
The time that foreign national spent in Montenegro based on Temporary residence based on owning the property, will not be taken as the period of time needed for getting the permanent permit. Compared to standard temporary residence which could be extended maximum for 2 years, extension of the permit based on owning the property does not have time limitations.