Are you considering Montenegro for a real estate investment opportunity? One of the first things you might ask yourself is, is Montenegro safe? Rest assured, Montenegro is safe and also has some excellent investment opportunities. Let’s take a closer look at Montenegro, what makes it a safe place to live and how it will benefit from future EU membership.
The small European nation of Montenegro shares a border with Croatia, Bosnia, Serbia, Kosovo, and Albania and has a population of just 628,280. Montenegro is a beautiful and diverse country with impressive mountains, canyons, and beaches. Located in the Southeast of Europe, Montenegro is becoming an increasingly popular destination for property investors.
Montenegro applied for European Union membership in December 2008 and was granted candidate status in December 2010. The Balkans nation currently stands as the frontrunner candidate for membership in the EU.
Do People Feel Safe In Montenegro?
Montenegro ranks 53rd on the Safety Perception Index, which measures how safe people feel in a country. It scores higher than other European countries like Italy, France, and Greece.
The US State Department rates Montenegro as a level 1 destination, indicating it is safe and that travelers should exercise normal precautions.
Montenegro scores are due to its low crime rates, especially violent crimes. When traveling anywhere, including Montenegro, particularly during the high season, you need to exercise common sense precautions when visiting attractions and cities or while out at night.
Living Standard in Montenegro
Montenegro is a lifestyle destination attracting expats looking for low corporate and income tax rates in Europe, investment opportunities, and a business-friendly environment. Over the years, Montenegro’s standard of living has increased significantly, especially in coastal areas that are popular with expats.
Areas like Budva, Kotor, and Tivat offer the opportunity to live in a picturesque coastal area for a lower cost of living than other parts of Europe. You can easily find real estate deals for a Mediterranean escape that offers a great standard of living as well as growth potential.
Montenegro also offers many opportunities to enjoy outdoor activities, including hiking, skiing, and water sports. The Mediterranean country also has a rich history leaving behind intriguing architecture, artwork, and traditions, including the UNESCO World Heritage Sites like the Durmitor National Park.
Montenegro Healthcare
Thanks to its social health insurance system, 95% of Montenegro’s population is covered. The healthcare system in Montenegro is considered excellent, with both public and private healthcare options available. If you become a resident of Montenegro, you are fully covered under the new tax-funded health insurance system.
You are not required to present a vaccination certification when entering Montenegro.
Vaccination rates are relatively high, with a total of 523,735 vaccine doses administered as of December 2022.
Live in Montenegro
Are you looking to buy a holiday or retirement home, invest or do business in Europe? While awaiting entry as an official member of the European Union, Montenegro offers great opportunities, like low tax rates, an easy place to set up a business, and a luxury lifestyle for less.
The best places to live in Montenegro for expats include Budva, Kotor, Perast, Tivat And Donja Lastva, Herceg Novi, Ulcinj. Need help with real estate options in Montenegro, contact Anka and her team for representation and guidance throughout the property management process.