FAQ about Montenegro
Yes! The process: 1. Sign the document to a notary who owns an apostille certificate. 2. The notary legalizes the signature with an apostille (legalization certificate). For some countries you do not need to have an apostille certificate. Check this with your lawyer.
Here are the main rules: You must have a lawyer registered in Montenegro. Lawyers in Montenegro work in general practice with a wide area. However, some are also specialized only in the real estate market. Use an independent attorney to perform your property purchase. Do not use the same attorney as the seller. Try to…
Once you are the owner of the property, you must pay an annual property tax. The amount depends on the size and location of the property. for example: the tax for a 70 square meter apartment would be between 250, – to 350, – Euro per year.
The main tax is the purchase tax, which is 3% of the value of your property – estimated by the tax office regardless of the purchase price on the contract. The purchase tax is payable as soon as the main contract is signed. The tax is recommended to be paid immediately as interest rates are…
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