Montenegro is one of the most affordable countries in Europe in terms of real estate prices and one of the easiest in terms of legal formalities for foreigners. In recent years, it has become particularly popular among citizens of the CIS and EU countries due to its mild climate, sea, prospects for price growth, and loyal tax policy. However, when buying an apartment or house, it is important to understand what taxes and fees you will have to pay.
Main taxes when buying real estate in Montenegro
Rate: 3% of the market value of the property as determined by the tax authorities (not always the same as the price in the contract).
The tax is paid once, within 15 days after the conclusion of the agreement and submission of documents to the tax office.
Rate: 21%, already included in the contract price.
In this case, the property transfer tax (3%) is not levied.
Property ownership tax
The rate is set by municipalities and usually ranges from 0.1% to 1% of the cadastral value (depending on the location, type, and condition of the property).
For example:
Apartment in Budva or Kotor — approximately 0.25–0.5%
Properties on the coast and in tourist areas are taxed at a higher rate
The tax is paid once a year, usually by the end of March.
Important: a penalty is charged for late payment.
Additional costs
Renting real estate: taxes for the owner
If the property is rented out, the owner is obliged to:
Obtain a short-term rental permit from the municipality.
Keep a register of guests and pay tax:
Fixed tax on rental income — 9%.
Plus tourist tax per guest — approximately €1 per night.
From 2024, compliance with these requirements will be actively monitored (introduction of electronic accounting systems).
Example
Apartment in Budva for €150,000, purchased from a private individual:
Property transfer tax: 3% = €4,500
Annual property tax (0.4%): €600
Notary + registration fees: ~€1,000
In case of rental: income tax — 9% of profit
Montenegro offers a relatively simple and predictable tax system for real estate. One-time tax on purchase — 3% or 21% (for new construction), annual tax — low. Rental income is taxed at a moderate rate but requires compliance with formalities.
Source: http://relocation.com.ua/property-taxes-in-montenegro-what-buyers-need-to-know/
The volume of passenger car imports into Ukraine, including cargo-passenger vans and racing cars (UKT VED code 8703), in January-May 2025 amounted to almost $2.052 billion in monetary terms, which is 5.3% more than in the same period last year ($1.947 billion).
According to statistics released by the State Customs Service (SCS) of Ukraine, in May this year, passenger cars worth $523.8 million were imported into Ukraine, which is 30% more than in May 2024.
The three largest suppliers of cars to Ukraine in January-May this year were Germany, the US, and Japan, while last year the US led the top three. In particular, car deliveries from Germany increased by 35% to $388.6 million, and their share in the structure of car imports amounted to almost 19% against 14.8% a year earlier.
The United States imported $336.2 million worth of cars to Ukraine (down 7.6%), while imports from Japan fell by 4.8% to $230 million.
Imports of passenger cars from other countries during the reporting period amounted to almost $1.1 billion, compared with $1.05 billion in January-May last year.
At the same time, in January-May this year, Ukraine exported only $2.7 million worth of such vehicles, in particular to the UAE (49.4% of exports), the Czech Republic, and Slovakia, while a year ago, during the same period, it supplied $7.18 million worth of such vehicles to foreign markets, mainly to Canada, the UAE, and the US.
According to the State Customs Service, passenger cars accounted for 6.56% of Ukraine’s total imports in January-May (7.07% last year) and 0.02% of exports (0.04%).
As reported, in 2024, passenger cars worth $4.385 billion were imported into Ukraine, 8% more than a year ago, and $10.1 million worth were exported (2.7 times less).
Ukrainian enterprises increased exports of ferrous metal scrap by 45.5% in January-May this year compared to the same period last year, from 102,366 tons to 155,809 tons.
According to statistics released by the State Customs Service (SRS) on Friday, 28,600 tons were exported in May, 46,321 tons in April, 39,908 tons in March, 25,284 tons in February, and 15,696 tons in January.
In monetary terms, scrap metal exports in January-May increased by 46.4% to $48.127 million from $32.872 million.
In January-May this year, Ukrainian mining companies reduced exports of iron ore in physical terms by 12.8% year-on-year to 13 million 545,967 thousand tons from 15 million 542,428 thousand tons.
According to the statistics released by the State Customs Service on Friday, during this period, foreign exchange earnings from the export of iron ore decreased by 21.5% to $1 billion 73.888 million from $1 billion 367.161 million.
Exports of iron ore were carried out mainly to China (44.98% of supplies in monetary terms), Slovakia (17.17%) and Poland (16.65%).
In addition, in January-May 2025, Ukraine imported iron ore worth $46 thousand in the amount of 65 tons from the Netherlands (46.67%), Norway (28.89%) and Italy (24.44%), while in the same period last year it imported 303 tons worth $121 thousand.
As reported, in 2024, Ukraine increased exports of iron ore by 89.8% compared to 2023 – up to 33 million 699.722 thousand tons, while foreign exchange earnings increased by 58.7% to UAH 2 billion 803.223 million.
In 2024, Ukraine imported iron ore worth $414 thousand in a total volume of 2,042 thousand tons, while in 2023, 250 tons of this raw material were imported for $135 thousand.
In 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons. Foreign exchange earnings amounted to $1 billion 766.906 million (down 39.3%). The company imported iron ore for $135 thousand, totaling 250 tons.
Rush LLC, the owner of the EVA network in Ukraine, will allocate UAH 162.4 million from its retained net profit for 2024 to pay dividends.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the sole member of the LLC made the decision on June 26.
Thus, the distribution of 20.5% of the balance of net retained earnings for 2024 – UAH 162.4 million out of the total amount of UAH 792.5 million – was approved for the payment of dividends. Dividends will be accrued no later than six months from the date of the resolution.
Rusch LLC, which manages the EVA network, was founded in 2002. As of the beginning of 2025, the chain had 1109 operating stores.
According to Opendatabot, the owner of Rush LLC is Cyprus-based Incetera Holdings Limited (100%), with Ruslan Shostak and Valeriy Kiptyk as the ultimate beneficiaries.
In 2024, Rush’s revenue increased by 28.2% year-on-year to UAH 27 billion. Net profit decreased by 36.7% to UAH 1.4 billion.
In January-May this year, Ukraine’s metallurgical enterprises increased revenues from ferrous metal exports by 3.62% year-on-year to $1 billion 262.746 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.45% of total export revenues during this period, compared to 7.24% in January-May 2024.
In May, export earnings amounted to $267.702 million, while in the previous month it was $266.358 million.
At the same time, Ukraine increased imports of similar products by 10.1% to $663.150 million in January-May 2025. In May, products worth $159.463 million were imported.
In addition, in January-May 2025, Ukraine increased exports of metal products by 6.1% to $427.902 million. In May, they were exported for $97.382 million.
Imports of metal products decreased by 2.3% to $413.680 million over the same period. In May, these products were imported for $86.712 million.
As reported earlier, in 2024, Ukraine’s steelmaking companies increased revenues from ferrous metal exports by 16.9% year-on-year to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% last year to $1 billion 478.814 million.
In 2023, Ukraine reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods during this period, while in 2022 the share was 10.3%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.
In addition, in 2023, Ukraine decreased exports of metal products by 16.6% year-on-year to $877.92 million. At the same time, imports of metal products increased by 40.3% to $902.57 million during this period.
