Montenegro – Top Five Country for Golden Visa Demand
New data recently released by Tranio (International Property Portal & Brokers) shows that Montenegro is still one of the most favoured places in Europe for investors looking to qualify & take advantage of the Golden Visa programme.
Taking fifth spot behind Greece, Portugal, Latvia and Spain, international demand for the Visa Programme is high and it’s not surprising given that out of all the Balkan States, Montenegro is tipped to be the first one to ascend into EU membership. Not only that, but tourism in the country has been increasing significantly year on year and it’s consistently voted as the one of the best travel destinations of the year.
The golden visa scheme essentially allows internationals to acquire residency providing that they invest in a country that’s running the scheme, and that they also meet certain conditions as set by that country’s interior government ministry. In Montenegro’s case, the terms of investment start at €250,000 for the northern & central region, and €450,000 in the coastal region. On top of that, there’s a government donation of €200,000 + due diligence and fees, and although it does sound like quite a bit, it’s still cheaper in comparison to some of its European counterparts.
It's so popular in-fact that the programme was set to close permanently in December of 2021, but it has been extended to December 2022, so if you want to take advantage of it – you’ve only got 2 months left.
Not only will Investment in Montenegro, under the Golden Visa scheme give you a passport of a future EU member but you’ll also have Visa Free travel to 124 countries, get an average rental yield of between 6-12%, and take advantage of considerably low taxation rates. Just to give you an idea, there’s 0% on inheritance and pensions, 9% corporation tax, 9% personal income tax, 9% capital gains tax, 3% real estate transfer tax and 21% Vat.
In terms of eligibility, applicants are usually successful if they can prove they have no criminal record, have a valid passport or other legal travel document, can prove the source of their purchase funds and can prove they can make the initial investment as well as the donation or commitment to the Government.
If the above still hasn’t convinced you, then just bear in mind that Montenegro has a flourishing investment environment with many international organizations now choosing to work with collaborators here, a highly stable economic growth plan which gets stronger year on year, extremely family orientated lifestyle, excellent healthcare and social protection + low criminal rate with a high public safety record.
If you would like further information, then CMM Montenegro currently offer three types of investment package, the Bronze, the Silver and the Gold. Please contact us directly, and we’d be more than happy to assist you.
Don’t forget the programme will end on 31st December 2022… speak soon!
In period May-August 2022 we sold our flats in St-Petersburg Russia and have bought two ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.
Liudmila Nosova St-Petersburg Russia , 13.09.2022 11:20:09
At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
With gratitude on behalf of our family.
A.V. Ter-Gazaryan, 12.07.2022 12:32:19
Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
I would strongly recommend this company to anyone who is looking for a property in Montenegro.
Val , 13.05.2022 04:18:13
We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.
Mandy and Antoine, 06.10.2021 10:56:22
Biz Montenegroda CMM komandayla tanish olmushug. Snejana ve Milan bize cox yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!
Dilara, 01.10.2019 08:17:27
Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!
Kate, 22.03.2019 13:06:21