Montenegro one of the top destination for South African investors
Many South Africans are investing in Europe and according to experts from Sable International the top destinations for investors from South Africa are Montenegro, Malta and Portugal.
Attractive tax incentives are also high on the list of priorities for South African investors and Montenegro has one of the lowest personal income tax rates in the world.
“Most buyers are looking for a solid offshore property investment, that offers them either residency or citizenship and easy access to Europe. Some are moving their straight away, but others are looking for easier investment terms that only require them to visit the country for a couple of days a year” said Andrew Rissik, director of Sable International.
“Montenegro might be small, but it has a lot to offer, with a beautiful landscape overlooking the Adriatic Sea, an outdoor lifestyle, quaint villages, and friendly locals who are welcoming to foreigners,” said Rissik.
He said from a financial perspective, Montenegro is poised to join the European Union and anyone buying property now is likely to see massive gains if the country is accepted into the EU.
“Covid-19 aside, Montenegro has been listed as a trending tourism destination and is strongly business- investment focused. Property investments offer a direct path to citizenship,” he said.
“For the Montenegro citizenship-by-investment programme, applicants are required to invest in approved real estate projects within the country. The benefits of investing in Montenegro include the ability to live work or study in Montenegro and visa-free travel to more than 120 countries” states the article.