UK tourists heading to Montenegro warned to 'take action' over 'policy'

James Rodger

16 June 2024 at 4:58 am·2-min read

UK tourists have been told to consider Montenegro if they want to retire abroad and become an expat. YouTube content creators have championed the progressive tax systems in the European Union nation with Brits urged to hear their advice.

“This beautiful country on the Adriatic Sea offers breathtaking scenery, an affordable lifestyle and favourable tax policies," explained real estate agent and expat Peter, on the YouTube channel Wandering Investor, in a warning to Brits.

"Montenegro has an advantage in that it has lots of things to do in a very small space,” said the expat. “It’s very dynamically kind of different. Although it’s risen a lot recently because of inflation, I would say that the cost of living is still low for Europe."

Ladislas Maurice, an experienced traveller and relocation expert, added: “Affordability is definitely a big pro of moving to Montenegro. It’s not just a cheap destination. You can live cheap if you want but you can also live a life of luxury if you choose to.

"So Montenegro is a fit for a lot of different types of people." Immigrant Invest reports income earned by individuals is taxed at a progressive scale of nine to 15 per cent. "The first 700 euros of monthly salary is non-taxable, and the first 8,400 euros of self-employment annual income," according to the website.

"The company’s income is also charged on a scale of nine to 15 per cent," the company goes on to add. “Montenegro is very similar to Serbia, very traditional,” the YouTuber added, saying: “It still preserves that traditional culture.” He said: “It’s a country that has amazing beaches and mountains.

"The nature is incredible. If you get residence in Serbia, you can get easy access to Montenegro, it’s a one-hour flight. You can also buy property in Montenegro and get residency, there are many different projects. I love the luxury, I love the nature, I love the views.

"You can easily get residency in one of the most beautiful countries in the world.”

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