Important information

The procedure for the acquisition of real estate in Montenegro

- The procedure for the purchase of a real estate in Montenegro is very simple. For the conclusion of the transaction, all the buyer needs is the passport. The seller needs his personal documents and proof of ownership, the so-called ‘list nepokretnosti’ (Ownership certificate), which is issued by the local administration (municipality) if the seller is an individual. If the seller is a legal entity, they provide company’s registration documents, company stamp and documents which are confirming ownership of the property.

9 reasons to invest in Montenegro

For all the citizens of Russian Federation in Montenegro, visa is not required. If you plan to stay longer than 30 days, all you have to do to go and to register in the police department and this procedure does not require permission. Acquisition of real estate gives the right to stay in Montenegro up to 6 months.

Visa regulations in Montenegro

Citizens of the Russian Federation and Belarus may be in Montenegro without a visa for up to 30 days. To stay in the country for up to 3 months it is required to apply to the Consulate of Montenegro to obtain a visa.

Excerpts from the new Act on Foreigners

Foreigners Law, approved by the Montenegrin Parliament in mid-December last year, came into legal force on January 8, 2009.

Montenegro simplifies the procedure for issuing residence permits

Montenegro not only attracts many Russian tourists. A large number of Russians are investing money in the purchase of real estate in the Balkan country and seek to obtain a residence permit. Montenegrin authorities have decided to simplify the procedure for obtaining a residence permit for foreigners and adopted amendments to the existing law on foreigners.

Reviews on apartments in Montenegro

Montenegro – a place of a beautiful Adriatic Sea, modern ski resorts, clean air and beautiful nature. After visiting Montenegro, many tourists are seriously thinking about buying a home in the country "black mountain".

Reviews of real estate in Montenegro

Montenegro - a country where you just want to live while enjoying the surrounding beauty and clean air. During the summer season, there is an atmosphere of holiday spirit and "eternal summer". Between the end of September to May Montenegro becomes a big quiet village where life becomes smooth slow track. Such a sharp contrast can strongly impress the people who saw only the superficial tourism in Montenegro. However, this does not mean that the "wrong side" - a peaceful quiet life - does not have its advantages.

Business registration in Montenegro

The first step of registration of Limited Liability Company is a compulsory certification in the Basic Court of three copies of the Constituent Agreement. It is alao obligatory to cerify 3-4 photocopies of passports of founders of the Limited Liability Company, authorized representative and a CEO. A copy of the Memorandum and Articles, as well as photocopies of passports of founders and directors shoud be given in the Central Register of Commercial Court in Podgorica. In the Central Register, on the basis of the submitted documents, filling out application forms and paid registration fees (10€ - Commercial Court, 12 euros – Official Gazette of Montenegro) one can obtain confirmation of the company's registration with the registration number. Each of the types of businesses will be assigned with a reference number. Registration numberof the Limited Liability Company (d.o.o.) begins with the number 5, and the registration number of the company Joint Stock Company (a.d.) begins with number 4.

Construction in Montenegro in 2014

The greatest demand is for a new apartment near the sea - on the Budva Riviera and in Boka Kotorska bay. Major foreign buyers are Russians, and in second place - the Serbs.

An increasing number of foreign tourists in Montenegro

At the Global Travel & Tourism summit, which took place in Las Vegas (USA), the results of studies of the global tourism market were presented. Experts believe that in the next decade the fastest growth in numbers of touristis will occur in Montenegro. This country,which is situated on the Adriatic coast of the Balkan Peninsula, will be the fastest growing tourism market.