{"id":3404,"date":"2021-07-20T12:24:22","date_gmt":"2021-07-20T12:24:22","guid":{"rendered":"https:\/\/francaismontenegro.com\/notary-fees-in-montenegro\/"},"modified":"2023-12-25T10:55:54","modified_gmt":"2023-12-25T10:55:54","slug":"notary-fees-in-montenegro","status":"publish","type":"post","link":"https:\/\/francaismontenegro.com\/en\/notary-fees-in-montenegro\/","title":{"rendered":"Notary fees in Montenegro"},"content":{"rendered":"\t\t
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Extract from the book \u201cWhy these French people are settling discreetly in Montenegro\u201d (only in French)<\/a><\/strong><\/p>\n

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Notary fees for purchasing in an old property
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\n\n\n\n\n\n\n\n\n\n\n\n\n\n
PRICE BRANCHES<\/th>\nNOTARY FEES<\/th>\n<\/tr>\n<\/thead>\n
FROM 0 TO 5,000 euros<\/td>\n70 euros<\/td>\n<\/tr>\n
FROM 5,001 TO 20,000 euros<\/td>\n120 euros<\/td>\n<\/tr>\n
FROM 20,001 TO 40,000 euros<\/td>\n170 euros<\/td>\n<\/tr>\n
FROM 40,001 TO 60,000 euros<\/td>\n250 euros<\/td>\n<\/tr>\n
FROM 60,001 TO 80,000 euros<\/td>\n300 euros<\/td>\n<\/tr>\n
FROM 80,001 TO 120,000 euros<\/td>\n350 euros<\/td>\n<\/tr>\n
FROM 120,001 TO 135,000 euros<\/td>\n360 euros<\/td>\n<\/tr>\n
FROM 135,001 TO 150,000 euros<\/td>\n370 euros<\/td>\n<\/tr>\n
FROM 150,001 TO 165,000 euros<\/td>\n380 euros<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

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From 120,000 euros, <\/strong>each additional 15,000 euros represents<\/strong>
an increase of only 10 euros.<\/strong><\/p>\n

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However, there is a maximum ceiling for notary fees: 5,000 euros. Notary fees cannot therefore exceed this amount.<\/p>\n

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These notary fees are added to the purchase tax of 3% on the total price of the property.<\/p>\n

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Another parameter on which Montenegro is well placed.<\/p>\n

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Regarding transfer taxes, in France, the rate for old property is 8%. The country holds the sad record for the highest taxation in Europe and this is also reflected in transfer taxes.<\/p>\n

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The most taxed after the French are the Germans (6%) and the Portuguese (between 6 and 8%).<\/p>\n

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Things to know about acquiring real estate in Montenegro:<\/strong><\/p>\n

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– You have full enjoyment of the property<\/p>\n

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– The property belongs to you without time limit unlike other countries where the State recovers full ownership of the property after 99 years<\/p>\n

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– You can pass the property on to your children<\/p>\n

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– The property tax represents a \u201cridiculous\u201d amount<\/p>\n

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– Using an escrow account is an additional cost (175\u20ac)<\/p>\n

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– The notary registers the deed definitively after confirmation from the seller
regarding receipt of payment<\/p>\n

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-The purchase tax can be paid by the seller and the buyer (50\/50)
or even by the seller entirely (only possible within the framework
of a sale between individuals)<\/p>\n

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To learn more about the real estate experience in Montenegro, you can discoverthe reference book (only in french)<\/a><\/strong>on this subject, soon.<\/p>\n

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Extract from the book \u201cWhy these French people are settling discreetly in Montenegro\u201d (only in French) Notary fees for purchasing in an old property PRICE BRANCHES NOTARY FEES FROM 0 TO 5,000 euros 70 euros FROM 5,001 TO 20,000 euros 120 euros FROM 20,001 TO 40,000 euros 170 euros FROM 40,001 TO 60,000 euros 250 …<\/p>\n

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