How to rent out your property in Montenegro?

If you own a hotel in Montenegro and plan to rent it out to tourists, you must comply with a number of legal and tax requirements. This will ensure the legality of your activities and help you avoid possible fines.

Required documents and permits

1. Certificate of Ownership (List nepokretosti): confirms your ownership of the property.
2. Commissioning permit: if the building is new, a corresponding document is required. Older buildings may require an electricity certificate, which is issued by a licensed engineer after the facility has been inspected. ([Obtaining an apartment rental permit]
3. License to provide tourist services: in accordance with the Law on Tourism, individuals can rent out facilities with up to 15 beds. It is necessary to register at the local tourist office and obtain the appropriate permit. ([Obtaining an apartment rental permit] Tourist registration and tourist fee

Hotel owners are required to check in each guest within 24 hours of their arrival. This can be done at the local tourist office or the police. It is also necessary to charge a tourist fee from the guests, which is about 1 euro per person per day, depending on the municipality. The amount of the fee is transferred to the regional budget. ([Tourist registration in Montenegro: tourist fee]

Taxes

1. Rental income tax: Rental income is declared annually. The declaration must be submitted by April 30 next year to the tax authorities of the municipality where the facility is located. The tax rate is 15% of net income. ([Personal Income Tax in Montenegro - montenegro-bar.ru ]
2. Property tax: an annual tax, the rate of which depends on the value of the property and is set by local authorities. Recommendations

• Register your guests in a timely manner: This will help you avoid fines and ensure the legality of your activities.
• Keep accurate records of income: this will facilitate the process of filing a tax return and paying taxes.
• Consult with our experts: they will help you understand all the nuances of the legislation and ensure full compliance with the requirements.

Compliance with all these requirements will ensure the successful and legitimate operation of your hotel in Montenegro.