All foreign citizens are allowed to buy property in Montenegro, and there are no restrictions on this. You can easily make your purchase only with a valid passport.

Montenegro is a very safe region for real estate investors. All real estate sales contracts must be signed in the presence of a notary, so that the relevant real estate cannot be sold by the Seller to another Buyer after the notary transaction.

The real estate sales contract can be signed in person in the presence of a notary by the Buyer or by his representative authorized by a valid power of attorney. Therefore, you can buy real estate without coming to Montenegro in person.

Purchasing a new house from a construction company is exempt from real estate purchase tax. Since the transactions are carried out in the presence of a notary, a small service fee is charged by the notary, depending on the value of the real estate and the length of the contract.

Foreign citizens who own a residence in Montenegro are entitled to obtain a residence permit together with their families.

Foreign citizens who have a residence permit can open a bank account in Montenegro.