Montenegro Real Estate Taxes

Montenegro Real Estate Taxes

On May 21, 2006, the majority of 55.53% voted in a referendum for Montenegro as an independent state. The Government of the country declared its intentions to join EU and NATO. Shortly after that it became a 192nd member of United Nations in July 2006. In the press release of 29 June the Government “emphasized the readiness and determination to build its development policy on the United Nations’ principles and make an active contribution towards achieving the goals and universal values advocated by the UN”. But the process of integration into European community and economic development began in 1991 when Montenegro proclaimed to be ecological state and thus created favorable tourist conditions and attractive property investment opportunities. The country's Ministry of Tourism and Environment Protection in 2001 unveiled the Tourism Master Plan, a blueprint for all tourism planning and targets up to 2020. In April 2003 Montenegro joined the Council of Europe. According to World Travel & Tourism Council report the Government of Montenegro is successfully implementing the plan and “have adopted most of the recommendations put forward by WTTC in its 2004 Country Report - exceeding both the forecasts and goals that were set”.

Situated at the shore of Adriatic Sea Montenegro has 117 unique sandy and pebble beaches. UNESCO-protected bay of Kotor and the Tara canyon are of particular value, which enables Montenegro to achieve such success in tourist and property market over the last decade. There are four national parks, which are the most attractive and ecologically best preserved nature reserves (Durmitor, Biogradska gora, Lake Skadar, and Lovcen). The intentions are to establish two more.