Montenegro, a small country in southeastern Europe, is home to around 628,000 inhabitants over an area of 13,812 km². The country borders Albania, Bosnia and Herzegovina, Serbia, Kosovo and Croatia and offers breathtaking landscapes with mountains, coastlines and historic cities.

Montenegro is a country with diverse landscapes. From the Adriatic coast with turquoise waters and long sandy beaches, to the barren mountains of the Dinaric Mountains, to the fertile plains in the north, Montenegro offers something for every taste. The capital Podgorica is a modern center with a young and dynamic atmosphere.

Taxes in Montenegro
Montenegro has a relatively simple tax system. The income tax is between 9% and 15% and is one of the cheapest in Europe; the VAT is 21%.
There is no wealth tax or inheritance tax.

Cost of living in Montenegro
The cost of living in Montenegro is significantly lower compared to Western Europe. Food, rent and transportation are relatively cheap. You can eat well in restaurants and cafes for little money.

Health care in Montenegro
Montenegro has a state healthcare system that provides all residents with access to medical care. The quality of healthcare is good, but there may be waiting times. Private health insurance is possible.

5 popular travel destinations in Montenegro:

 

 

Budva:
Special: Budva, located on the Montenegrin coast, is a city full of contrasts. The old town, surrounded by a Venetian wall, is home to medieval churches and narrow streets, while the modern part of the city offers a vibrant nightlife with its high-rise buildings and hotels.

Lifestyle and quality of life: There is something for everyone in Budva. During the day you can relax on the beach, do water sports or visit the old town. In the evening, numerous restaurants, bars and clubs invite you to celebrate and enjoy. The quality of life in Budva is high, the people are friendly and the atmosphere is cosmopolitan.

Ulcinj:
Special: Ulcinj, the southernmost city in Montenegro, is known for its long sandy beach, which is one of the longest beaches in the Mediterranean. The old town of Ulcinj is characterized by oriental architecture and a relaxed atmosphere.
Lifestyle and quality of life: Ulcinj is quiet and relaxed. The city is ideal for anyone who wants a relaxing beach holiday. In the old town you will find numerous restaurants and cafés offering local specialties. The quality of life in Ulcinj is good, the prices are cheap and the people are friendly.

 

Tivat:
Special: Tivat is a modern city on the Bay of Kotor. The city is known for its luxurious marina and exclusive restaurants and boutiques. Tivat is also home to Montenegro’s airport, which connects the city with numerous European cities.

Lifestyle and quality of life: In Tivat you can enjoy a luxurious lifestyle. The city offers everything your heart desires: exclusive restaurants, boutiques, marinas and a vibrant nightlife. The quality of life in Tivat is high, although prices are slightly higher than in other cities in Montenegro.

Kotor:
Special: Kotor is a UNESCO World Heritage city located on a fjord-like bay. The Old Town of Kotor is surrounded by a medieval wall and is home to numerous historic buildings, churches and palaces.

Lifestyle and quality of life: In Kotor you will experience a mystical atmosphere and breathtaking panoramas. The city is ideal for anyone interested in history and culture. In the old town you will find numerous restaurants and cafés offering local specialties. The quality of life in Kotor is good, the prices are moderate and the people are friendly.

Podgorica:
Special: Podgorica is the capital of Montenegro and a modern city with a wide range of cultural offerings. The city is home to numerous museums, theaters and galleries. In Podgorica you will also find a vibrant nightlife with numerous bars and clubs.

Lifestyle and quality of life: In Podgorica you will experience a cosmopolitan flair. The city offers everything your heart desires: culture, shopping, restaurants and a vibrant nightlife. The quality of life in Podgorica is high, the prices are cheap and the people are friendly.

Visa options and residence permit in Montenegro

German citizens can stay in Montenegro for up to 90 days visa-free with a valid passport. For a longer stay you need a visa.

There are different ways to obtain a residence permit in Montenegro:

• Residence permit through property ownership:
If you buy a property in Montenegro, you can apply for a residence permit.

• Residence permit by setting up a company:
If you set up a company in Montenegro, you can apply for a residence permit.

• Residence permit through marriage:
If you marry a Montenegrin citizen, you can apply for a residence permit.

Conclusion

Montenegro is a beautiful country with a lot to offer. The cost of living is low, the people are friendly and the scenery is breathtaking. Anyone looking for a new home with a relaxed lifestyle should consider Montenegro.

 

more articles about Montenegro

Citizenship by Investment Montenegro

Why invest in Montenegro

Invest in Panorama Hill Resort in Montenegro

 

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GCI UNIT Worldwide is a division of TCME-Group Worldwide, one of the world’s leading professional corporate investment and foreign trade advisory firms, with a total of 17 divisions in various countries and headquartered in Malaysia.

GCI-UNIT Worldwide is very much a hallmark of high-quality service and professional excellence in many different practice areas.

With our department we are a global provider of Citizenship by Investment Programs, Honorary Citizenship, Residency Programs and Citizenship Solution over Economic Ministry. We are able to identify rare and exceptional opportunities for our clients around the globe, mainly combining sound investments with the benefits of permanent residence, passport and citizenship in this country

Our legal team and specialist lawyers are well-known in the global immigration field and have over 25 years of experience in fast-track dual citizenship programs.

We currently work with more than 70 countries, advise governments and help find investors for their projects and focus on high-net-worth individuals (HNWI) or companies that have at least double-digit million assets.

In contrast to the classic agent who wants to sell you a second citizenship, we see ourselves as a “boutice” for a special clientele.
It’s not just a question of which citizenship program is best for you, how much it costs in the respective country, but what happens after that?
Are there good international schools there for your children?
What are the business opportunities in the respective country?
What about health care, how much taxes do you have to pay in the country?
Can I obtain a second citizenship in a country of my choice even though it does not offer an official citizenship program, but the government is interested in individuals or investors who provide a benefit to the country and are therefore granted citizenship!

We are at home in every country where we offer you a residence permit or citizenship, we work locally with our tax advisors and lawyers and of course we know the country and its mentality.

In our opinion, it is not enough to just want to sell citizenship based on books or dangerous half-knowledge.

Another specialty area of full-service consulting is investment opportunity and solutions in Europe, particularly in the Balkans, Africa, Asia, the United Arab Emirates, the Caribbean and the Pacific.

Since 2016, we have been, among other things, an important mentor for various business groups, economists, financial managers, investment advisors, business leaders, lawyers and notaries in the implementation and development of programs as:

YOUR CHANCE FOR A BETTER LIFE

Global Citizenship Investment (GCI) is a global provider of:

Citizenship programs
Honorary citizenship
Citizenship through investment
Residency program
Citizenship through repatriation
Granting of citizenship in the special interest of the Republic

Therefore, we are able to identify rare and exceptional opportunities for our clients around the globe, combining, above all, solid investments that lead to the benefits of permanent residence, passport and citizenship in this country.

In addition, we are in direct contact with several governments interested in appointing business people with a specific network as honorary consuls should a suitable candidate emerge.

If you would like to discuss your internationalization and diversification plans, book a consultation session* or email us at: [email protected]

*A consultation session is a conversation about your portfolio and goals. It is not legal, financial, tax or investment advice.

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