Montenegro — Property: Foreign Ownership

Key facts

• Under the Law on Foreigners a temporary permit can be issued for use and disposal of real estate a foreign national owns in Montenegro, documented with a land register extract.
• The government amendment sets the minimum property value for this route at EUR 200,000, with a one-year transition for existing holders.
• Foreign executive directors or owners of more than 51% of a company must have at least three employees, two of them Montenegrin citizens employed full time, under the same amendment.
• Whether the amendment is enacted should be checked in the Official Gazette.

Steps

1. Registering a Property in Montenegro — Foreign buyers need to register their property through a Montenegrin notary or a real estate agency. The process includes signing a purchase agreement, paying taxes, and registering the property with the Land Registry.