Baliv Residence
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View from the terrace of Baliv Residence

Investment

Investing where Europe is growing.

Montenegro: a stable currency, low corporate and income tax — and a market that is only just being discovered.

Euro
since 2002
NATO
since 2017
9%
Income tax on rental income

Location advantage

Why Montenegro?

A Western framework: the euro as currency, NATO membership and the right for foreigners to acquire residential property. Montenegro is an EU candidate country with negotiations ongoing; target 2028.

NATO member
A member of the Western defence alliance since 2017.
Euro currency
Since 2002. No exchange-rate risk for investors from the eurozone.
EU candidate country
Accession negotiations are ongoing; target 2028.
Legal certainty
Foreigners can acquire residential property. Transfer of ownership is notarised.
Baliv Residence
NATO
since 2017
Euro
since 2002
EU
Target 2028, negotiations ongoing
0%
Wealth tax

Market data

Bar on the
Montenegrin Adriatic.

Bar has Montenegro's most important seaport and lies directly below the historic old town of Stari Bar. Prices at Baliv Residence start from €2,500/m².

Development path

2026
Permit · construction start October 2026
2027
Structural shell
2028
Handover (Q2)

Rental yield

Rental income: an example.

Bar is close to Stari Bar, the port and the natural coastline. The example calculation shows how rental income, costs and tax add up for a one-bedroom apartment.

High season10 weeks · €850/week
Low season15 weeks · €450/week
Total letting25 weeks/year
Management and cleaning20% of income

Example calculation · 46.79 m² one-bedroom apartment

Purchase price (46.79 m² × €2,500)€116,975
High season · 10 weeks × €850€8,500
Low season · 15 weeks × €450€6,750
Gross income€15,250
– Management and cleaning (20%)– €3,050
– Running costs and maintenance– €900
= Income before tax€11,300
– Income tax 9%– €1,017

= Net income

€10,283

Yield on €116,975

8.8 %

Example calculation based on typical market weekly rates, as of 2026. No guarantee of any yield. Tax treatment depends on individual circumstances.

Taxes

No wealth tax.
9% on rental income.

An overview of the main taxes when buying and letting an apartment in Montenegro.

Property transfer tax
When buying from the developer. The purchase price includes 21% VAT; transfer tax only becomes payable on resale (tiered, 3–6%).
not applicable
Annual property tax
Depending on location and size
0.1–1%
Income tax (rental)
Flat rate on rental income
9%
Corporate income tax
Tiered by level of profit
9 / 12 / 15%
Capital gains tax
On gains from a sale
9%
VAT
Included in the purchase price
Included

General information, as of 2026. Not tax advice. Treatment in your country of residence depends on the applicable double taxation agreement.

Payment plan

How the purchase works

01
Notarised purchase contract
40%
Building permit granted. You sign the notarised main contract directly, with no preliminary contract.
02
Structural shell completed
40%
03
Completion and key handover
20%

Purchase costs for notary, lawyer, translation and land registry: approx. 1.5–2.5%. VAT included in the purchase price. No agent's commission. No property transfer tax — it does not apply when buying from the developer.

Request the investment brochure (exposé)

Figures, market data and availability,
directly from the developer.

The investment brochure contains floor plans, the full price list and details of taxes and charges — free of charge, in German, English, Montenegrin or Turkish.

Usually a reply within 24 hoursConsultation in four languagesNo estate agentDirectly from the developer