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Taxes in Montenegro when buying property

In Montenegro, the lowest taxes are considered, in comparison with the countries of Western Europe. Real estate tax in the secondary market is 3% of the cadastral value of the object.

If an object is purchased on the primary market, there are no taxes, which greatly simplifies the purchase procedure.

The annual tax for foreigners in Montenegro is called the "Property Ownership Tax" when buying on the primary or secondary market - 0.6% of the cadastral value per year.

Since Montenegro is a candidate for EU membership in 2025, the legislation is now changing in accordance with the requirements of the EU Commission. This also applies to taxes. An additional tax is being discussed for those property owners who cannot prove the legality of their income. When selling undeclared real estate, the seller will have to pay additional tax deductions, the amount of which is currently being discussed in the Government.

Photo by Polina Tankilevitch: Pexels

Next article Ideas for a profitable business and obtaining a residence permit in Montenegro in 2024

GoMonte Real Estate Agency

Real estate agency in Budva GoMonte - an assistant in the purchase and sale of residential, commercial real estate in Montenegro.

Our experts will help: buy property in Montenegro from the owners without a commission, get a residence permit, we will always tell you what objects can be purchased inexpensively from the developer.

Also in our agency you can buy property in Budva or another city on the coast with panoramic sea views. Different payment methods: rubles, USDT, Bitcoin. If you are interested in how to buy an apartment for rubles in Montenegro, write to us for a consultation: +382 69 777 680 Viber / WatsAap / Telegram.

We provide the service "Real estate rent in Montenegro online", short-term, long-term (annual) or for vacation. Additional service: obtaining a residence permit in Montenegro, opening a business or relocation services for business and employees, accounting support, buy real estate online.

Immigration to a foreign country is a complex and nerve-wracking process, in which it is better to rely on those who will tell you the legal aspects of a foreign country in order not to make mistakes. The specialists of our agency will help you choose a municipality, a city, talk about the pros and cons of residential areas and what to look for if you want to buy property in Montenegro cheaply.

The real estate website at gomonte.me is a large selection of apartments in new buildings, houses, land plots, villas, luxury apartments in residences, furnished studios ready to move in, commercial real estate for offices and production.

We ensure the reliability and security of transactions, help to notarize the contract and check the legal purity. Read on our website in articles on how to get a residence permit for a foreigner and choose a city to move to.