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.
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.
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.
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.
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.
Residence permit by setting up a company
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:
Health tourism in Ulcinj, Montenegro
THE GATEWAY TO FREEDOM AND NATURE IN MONTENEGRO
How to get Residency & Citizenship in Montenegro trough Investment
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