Travel Tips
Invest in Montenegro
We understand that buying a property is a significant life event, and we're here to accompany you every step of the way. Our dedicated professionals will ensure that your experience is not only successful but also a source of great joy and satisfaction.
1. PROPERTY VIEWINGS
Our manager will organize the property visit and control the whole process, with the goal of the maximum economy of your time.
2. PROPERTY SELECTION
Your personal manager will help you to choose the property that meets your criteria and personal preferences.
3. PROPERTY RESERVATION
In order to RESERVE THE PROPERTY you have to choose the property and start the Purchase and Sales process, the reservation deposit has to be paid at the moment of signing of reservation agreement with our company.
4. DOCUMENTS
The Purchase and Sales procedure in Montenegro is quite simple. To sign a purchase and sales contract, a passport is the only legal document you need.
5. DOCUMENT REGISTRATION
Following documents are being signed and registered:
- Purchase and Sales contract, which can be signed either personally, or by power of attorney (POA);
- Clausula Intabulandi: Permitted Property Registration Clause
Purchase and Sales payment schedule is described in the Purchase and Sales contract. The amount can be paid straight away or can be paid in stages through a certain period of time, depending on the agreement between the parties.
6. PROPERTY TAX PAYMENT
After signing the Purchase and Sales contract, there is an obligation to pay tax from the evaluated price of the property.
The buyer doesn't pay tax when the real estate property is bought from the property developer (company). If it is a resale, then purchase tax applies.
The value of the property is estimated by the Governmental Tax Office.
The Buyer is obliged to pay the tax within two weeks after signing the Contract, as interest rates will be charged for every day of delay.
7. PROPERTY TAX PAYMENT
Progressive taxation on real estate transactions is being introduced as follows:
- Real estate transactions up to 150,000€ are taxed at a rate of 3%.
- Real estate transactions ranging from 150,000€ to 500,000€ are taxed at a rate of 4.500€ + 5% to the amount over 150.000€
- Real estate transactions above 500,000€ are taxed at a rate of 22.000€ + 6% to the amount over
8. OWNERSHIP REGISTRATION PROCESS
After the total amount of the Purchase and Sales contract has been paid and Clausula Intabulandi issued, the next step is to apply for registration of the real estate named after the new owner in the municipality administration. After that, the new owner receives an ownership title deed addressed to the new owner’s name. The whole process usually takes from 1-3 months to be finished.
Our managers will control the whole process for you.
9. AFTERSALES SERVICES
After the purchase process is successfully finished, we will organize a meeting with our Management Department, which can help you with
- Furnishing
- Renovation
- Rental of your new property