Verde di Oliva
Frequently Asked Questions


How do I become a house owner?

First of all the buyer and the seller come together in a certified notary. After the agreement is reached and a contract is signed and the payment is made the notary shares the title deed of the house which has the name and signature of the new owner with the related department of municipality and Directorate of Land Registry and Cadastre. In the following 10 to 20 business days the title deed transfer occurs.

Can I buy a house without travelling to Montenegro?

You can buy a house in Montenegro without travelling to the country by power of attorney. For this you’ll need a 2 page letter of attorney which needs to be obtained from a notary. It has an estimated cost of 30 EUR (180 TL).

Is there a home purchase tax in Montenegro?

In Montenegro, the home purchase tax is applied at a rate of %3 for finished projects. However, this tax does not apply to new projects being built.

What are the different expenses for buying a house?

If the buyer is going to travel from Istanbul to Montenegro by air travel, the cost of the flight ticket is around 235 € (1500 TL) - 313 € (2000 TL). In addition, the notary public must have a sworn translator during the sale of the house. This is subject to hourly fees. Depending on the sales transaction, the average cost is between 150 and 250 EUR. Also the costs of notary public are approximately 500 EUR. However those who want to buy their houses without travelling to Montenegro only have to pay for the 2 page letter of attorney obtained from the notary which is needed for the transaction. Besides these expenses the buyer also has to pay for a data entrance fee at the cadastre. There is a 150 EUR + V.A.T. pre-contract expense for a house which is valued between 25 and 60.000 EUR and the cost of main contract is 300 EUR + V.A.T.

Can a foreigner who buys a house get a residence permit?

Foreigners who buy a house in Montenegro can get a residence permit without a lower limit. First degree relatives of the buyer can also get a residence permit.

What are the advantages of a residence permit?

Residence permit holders can stay in Montenegro for more than 90 days. In addition, permit holders can travel anywhere in the world from Turkey without having to pay for the exit stamp.

Can I apply for a residence permit as soon as I buy the house?

Unfortunately, the Montenegrin Police Departments are asking for the original title deed for a residence permit. Therefore, when the title deed occurs between 10 and 20 days after the purchase, a residence permit can be applied for.

Can I get a residence permit without having to go to Montenegro?

It is possible to get a residence permit without going to Montenegro. There are some documents required to be prepared in and shipped from Turkey for it. The first is Judicial Register Certificate which must be provided by the Judiciary. This also needs to be certified by a notary public. Also, the front page of the passport must be certified by the notary public. In addition, the apostille certificate should be obtained from the district governor.

Is it necessary to go to Montenegro for a residence permit?

We are able to follow all the documents for the residence permit. However, in order to obtain a residence permit, the Police Department wants to see the person in the office at least for once to get a signature and do a photo shoot. Therefore, it is necessary to go to Montenegro for these transactions which take rougly about 1 hour.

What is the distance between the complex and the beach?

500 meters; also, there is an open sea view from the buildings.

Common areas in the buildings.

Building will have a spacious spa center (Fitness Room, Indoor Swimming Pool, Sauna, Turkish Bath, Cinema) and Outdoor Swimming Pool, Children's Park.

Number of elevators in the building.

Building will have one elevators with 3.6 m² area.

Underground parking.

Building will have 41 garage spaces in total, area 876.57 m². (Garage space in the building can only be purchased by the building tenants).

What is the ceiling height?

Ceiling height in the apartments is 2.9 meters.

How do I become a house owner?

First of all the buyer and the seller come together in a certified notary. After the agreement is reached and a contract is signed and the payment is made the notary shares the title deed of the house which has the name and signature of the new owner with the related department of municipality and Directorate of Land Registry and Cadastre. In the following 10 to 20 business days the title deed transfer occurs.

Can I buy a house without travelling to Montenegro?

You can buy a house in Montenegro without travelling to the country by power of attorney. For this you’ll need a 2 page letter of attorney which needs to be obtained from a notary. It has an estimated cost of 30 EUR (180 TL).

Is there a home purchase tax in Montenegro?

In Montenegro, the home purchase tax is applied at a rate of %3 for finished projects. However, this tax does not apply to new projects being built.

What are the different expenses for buying a house?

If the buyer is going to travel from Istanbul to Montenegro by air travel, the cost of the flight ticket is around 235 € (1500 TL) - 313 € (2000 TL). In addition, the notary public must have a sworn translator during the sale of the house. This is subject to hourly fees. Depending on the sales transaction, the average cost is between 150 and 250 EUR. Also the costs of notary public are approximately 500 EUR. However those who want to buy their houses without travelling to Montenegro only have to pay for the 2 page letter of attorney obtained from the notary which is needed for the transaction. Besides these expenses the buyer also has to pay for a data entrance fee at the cadastre. There is a 150 EUR + V.A.T. pre-contract expense for a house which is valued between 25 and 60.000 EUR and the cost of main contract is 300 EUR + V.A.T.

Can a foreigner who buys a house get a residence permit?

Foreigners who buy a house in Montenegro can get a residence permit without a lower limit. First degree relatives of the buyer can also get a residence permit.

What are the advantages of a residence permit?

Residence permit holders can stay in Montenegro for more than 90 days. In addition, permit holders can travel anywhere in the world from Turkey without having to pay for the exit stamp.

Can I apply for a residence permit as soon as I buy the house?

Unfortunately, the Montenegrin Police Departments are asking for the original title deed for a residence permit. Therefore, when the title deed occurs between 10 and 20 days after the purchase, a residence permit can be applied for.

Can I get a residence permit without having to go to Montenegro?

It is possible to get a residence permit without going to Montenegro. There are some documents required to be prepared in and shipped from Turkey for it. The first is Judicial Register Certificate which must be provided by the Judiciary. This also needs to be certified by a notary public. Also, the front page of the passport must be certified by the notary public. In addition, the apostille certificate should be obtained from the district governor.

Is it necessary to go to Montenegro for a residence permit?

We are able to follow all the documents for the residence permit. However, in order to obtain a residence permit, the Police Department wants to see the person in the office at least for once to get a signature and do a photo shoot. Therefore, it is necessary to go to Montenegro for these transactions which take rougly about 1 hour.

What is the distance between the complex and the beach?

500 meters; also, there is an open sea view from the buildings.

Common areas in the buildings.

Building will have a spacious spa center (Fitness Room, Indoor Swimming Pool, Sauna, Turkish Bath, Cinema) and Outdoor Swimming Pool, Children's Park.

Number of elevators in the building.

Building will have one elevators with 3.6 m² area.

Underground parking.

Building will have 41 garage spaces in total, area 876.57 m². (Garage space in the building can only be purchased by the building tenants).

What is the ceiling height?

Ceiling height in the apartments is 2.9 meters.