Real estate registration in Montenegro: memo to non-resident
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Real estate registration in Montenegro: memo to non-resident
Buy an apartment or a house in Montenegro - a very sound and positive decision. This is economical, both financially and in terms of time. Local authorities strongly welcome investments in the economy, and the registration of real estate in Montenegro is a vivid confirmation of this.
For legal entities, the main regulator is the Real Estate and Foreign Investment Act , which contains conditions for the purchase and registration of housing in Montenegro.
The registration of real estate in Montenegro on a legal entity gives the company the following advantages:
- a successful business in the country
- Possibility to obtain a residence permit in the country
If the company is registered in the country, but the founder is a foreign citizen, the purchase of real estate to confirm the right to commercial activity is not required.Real estate registration in Montenegro: stages of the procedure
- Negotiations
- selection of a house or apartment
- inspection of the object
- more detailed negotiations with the owner
- examination of the object (legal purity, verification of registration of ownership)
- signing of the contract (agreement on terms, drafting of the agreement, bail in the amount of approximately 5-10%, registration of the agreement in the Court)
- registration of the property in the property (payment, cadastral registration)
Some nuances:
Remember that the registration of real estate in Montenegro involves 6 copies of the contract, prepared by a lawyer.
The registration fee can range from eighty to four hundred euros.
The amount of the tax will be indicated by the inspection after estimating the cost of housing.
Recall that since 2015, the so-called golden visa to Montenegro, which involves obtaining a temporary annual residence permit by any foreign citizen who has taken possession of housing.
There are a few simple conditions for obtaining a temporary residence permit:
- medical insurance of Montenegro
- financial provision of accommodation in the country (the amount is calculated from 10 euros for 1 day of stay and can be either deposited on the applicant's account or secured by his authorized representative)
If before the registration of real estate in Montenegro was a necessity for doing business here, now, rather, we should start with the acquisition of housing here. There are no special conditions, you can first buy an apartment or a villa, and then decide what to do with it.
In any case, the rental of real estate in Montenegro is the most profitable business for foreigners. You can live in one part of the house, and take another part of it. Some owners prefer not to emigrate at all, but to come to the country for a part of the season, at other times handing over the object to tourists through agencies or independently.
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