Manresa, a boutique real estate agency based in Dubai, since 2016, recently collaborated with Teuta Residences which is a 5 Star Branded residence located in heart of Montenegro. The resort takes its name after Queen Teuta, the head of the Illyrian Ardiaei tribe, who built her summer residence in the area later to become a key settlement and trading centre for the Venetian and Roman Empires.
Montenegro’s outstanding natural landscape and prospering economy offer the perfect grounds for stable investment. Well-connected to luxury communities across the globe, this small piece of paradise in the very heart of Europe can be reached within just 3 hours of major European capitals.
As the world’s second fastest-growing tourism economy and known for its low crime rates, Montenegro brings all from a warm Mediterranean climate to a generous taxation structure. The country’s investor and business friendly approach has resulted in a thriving real estate market, with many choosing Montenegro as their second home or relocation heaven.
Shehnaz Khalid, Co-Founder of Manresa, on her visit to Montenegro said,"Having Teuta Residences in our portfolio cements our reputation as one of the top agencies for both local and now international market. Montenegro’s outstanding natural landscape and prospering economy offer the perfect grounds for stable investment. The country's thriving real estate market and tourism industry and a favourable tax economy adds value to investors and second homeowners."
"Teuta Residences is set to be handed over in the 4th quarter of 2023, the payment plan is based on the construction slab, Since we’re all about making moments matter, our homeowners benefit from bespoke rental management and servicing, to take away the mundane aspects of home ownership and enable our residents to enjoy the rewards of their investments – and of course life in Risan," added Shehnaz.
Well connected to luxury communities across the globe, Teuta Residences is located in the very heart of Europe within ecological living and sustainable communities and can be reached within just three hours of major European capitals. The family friendly, limited edition bayside property offers one, two or three bedrooms for sale with panoramic sea views, gardens, terraces, owners club, bespoke interior design services, premium furniture packages, dining options, spa and fitness centre, 24-hour concierge and numerous amenities.
As the world’s second fastest-growing tourism economy known for its low crime rates, warm Mediterranean climate, investor and business-friendly approach and a generous taxation structure, Montenegro has a thriving real estate market, with many choosing Montenegro as their second home or relocation heaven.
Other benefits of investing in Teuta Residences is being able to secure your future investments, live in a secure and family-friendly environment, enjoy free movement across the Schengen zone, access to quality education and healthcare facilities, outstanding natural beauty with almost 280 sunny days per year and the fact that it is home to one of the world’s most spectacular yachting havens, Porto Montenegro.
Investors can be assured of a developed infrastructure around the property and nearby attractions that include historic islands, secret coves and charming harbours, unique historical sites and five national parks, four World Heritage sites, including the Bay of Kotor and there is limited development to protect diverse landscape.
Montenegro also has one of the highest biodiversity indexes in the world and is home to over 270 bird species, the largest freshwater lake in Southern Europe and has Europe’s deepest canyon and last surviving virgin forest.
"Investors can note that there is no investment restrictions on foreign ownership, no minimum investment, no stamp duty and a 21% VAT refund for property purchased through a company. Added security and privacy protection for account holders is a bonus and taxpayer information is not publicly available," reiterates Shehnaz.
Second homeowners and foreign nationals can apply for a Temporary Residence Permit through purchasing real estate. The permits last for one year and can be renewed annually and extended to immediate family members and next of kin. Other conditions for temporary residence include employment, study or family reunification.
Investors from UAE can also benefit from permanent residency that can be granted to Executive Directors who own at least 51% of a company’s shares or as a result of marriage. For residency, there is no language requirements and no obligation to relinquish current nationality.
To secure a residence, investors can connect with the friendly and knowledgeable Property Specialists at Manresa who guarantee a personalized approach to your property requirements in a comfortable setting. Invest in your future and enjoy the most sought-after lifestyle in Montenegro, which is a NATO Member, a candidate country for future expansion of the EU, expected by 2025, it has global mobility with access to 124 nations visa-free and enjoys a strategic geographical location in Europe with direct access to Adriatic Sea.
