In a Balkan nation with 280 days of sunshine and 295km of beautiful Adriatic coastline, Porto Montenegro in the Bay of Kotor is an ever-evolving lifestyle destination, featuring a world-class full-service marina, a wealth of luxury residences, retail and dining outlets. More recent additions catering for those able to ‘work from home,’ have been Ozana and Arsenal Business Clubs, and Innovation Centre Coworking Office. In a survey by office search company Hubble, it was revealed that 42 per cent of those surveyed were keen to WFA (work from abroad).
Portonians, as Porto Montenegro’s inhabitants are increasingly being called, can start their working day on the marina waterfront with their computers on their laps and their toes in warm azure waters, meanwhile executives can host board meetings on a jetty, or a team day on a yacht, and commuters are swapping their rush-hours with a stroll through the marina or a buggy ride to their desk.
With nine offices overlooking superyacht jetty 1, Ozana Business Club is aimed at those seeking a premium office experience, with elegant interiors, designer furniture and contemporary art, a conference room lounge area, and a landscaped terrace overlooking the marina. Meanwhile, Arsenal provides 14 offices which are white box, so that tenants can bring their own furniture, with communal areas offering a comfortable aesthetic with subtle retro design references due to the buildings 1960s heritage, and landscaped gardens and breakout spaces. There is also a co-work sharing offering at The Innovation Centre Coworking Office, fostering an eco-system of start-ups, entrepreneurs and small businesses through the creation of flexible office spaces, networking opportunities and industry events.
Those working in Montenegro benefit from the lowest personal, corporate and capital gains tax rates in Europe, Euro-based currency, free trade zones where firms are exempt from paying VAT and customs duties, and avoidance of double taxation due to treaties with over 40 countries.
There are no restrictions on foreign currency exchange and free transfer of profits abroad. It is a solid base for both large and small businesses, plus a trending destination for entrepreneurs, with simple company registration with just €1 Euro founding capital and minimal paperwork. Most significantly, it is only three hours flight time from most European capitals.
62% Increase in Average Price per m2 and less than 60 Units Left in the South Village
The latest figures show that Montenegro has seen a 21 per cent increase in price per m2 between 2017-2019 in coastal areas*, meanwhile Porto Montenegro has enjoyed a 62 per cent increase in price per m2 between 2009-2019 and is proud to have sold over 350 apartments. With such a successful track record, the development is fast becoming a trending destination in its own right.
Visitors are flocking to Porto Montenegro where they can enjoy over 80 exciting retail outlets in the village, alongside the exclusive five-star Regent hotel, which features 158 stylish rooms and suites. The first urban area within the development to celebrate completion is South Village with only 56 apartments left for sale across the Regent Pool Club Residences’ two luxury wings AQUA and BAIA, offering all the benefits of the five-star hotel, and the latest addition to the village, Elena offering contemporary residences.
Luxury waterfront residences – AQUA, BAIA and Elena
The residential South Village replicates a traditional Montenegrin town, with individually-designed buildings, each no greater than five storeys high. Design combines elements of the Montenegrin vernacular with complementary Mediterranean features – the result is an innovative, low-rise development that remains sympathetic to the Venetian and Ottoman styling of local architecture.
The Regent Pool Club Residences with one to three-bedroom units are located alongside the 5* Regent Porto Montenegro Hotel in the centre of the development and comprise of two buildings, AQUA and BAIA. These contemporary chic apartments are inspired by the Italian Riviera and have unobstructed sea and mountain views, and complimentary Porto Montenegro Yacht Club silver membership. The collection of branded residences benefits from the access to the Regent’s rental pool programme – providing an ideal platform for investment. The programme benefits from direct access to the extensive services and amenities of the Regent Hotel. Currently there are just six homes remaining at AQUA with prices starting at €892,000 for a two-bedroom apartment, whilst prices at BAIA start at €412,000 for a one-bedroom apartment, with only 22 units left.
Positioned in a central boulevard location with attractive on-site retail and dining amenities, Elena Residences are an elegant new addition to the Porto Montenegro residential collection. The ready to move in residences offer contemporary design and intimate waterfront living inspired by Elena di Savoia, a Montenegrin princess born in the royal capital of Cetinje in 1871. The 50 luxury freehold properties feature studio, one-, two- and three-bedroom configurations with sea and mountain views. Elena Residences are complemented by a myriad of exceptional community amenities such as 24hr concierge, residents-only pool & gym and access to exclusive owners’ club and M Residences Bespoke Rental & Servicing Solution. Homes at Elena start at €317,805 for a one-bedroom apartment with 28 remaining.
The diversified offering of residences at Porto Montenegro is designed to appeal to a wide range of clients, from boat owners to local and foreign buyers, as well as investors.
A New Vibrant and Urban Enclave Coming in 2023 – Boka Place
With Porto Montenegro continuing to grow, and the highly anticipated arrival of new urban neighbourhood Boka Place, due to complete in 2023, and the introduction of the revolutionary SIRO, an immersive lifestyle experience from Kerzner International (Atlantis Resorts and Residences and One&Only Resorts), Porto Montenegro truly is the destination offering something for everyone to discover. Residents at several of the buildings within Boka Place can take advantage of the Citizenship by Investment Programme (CBI), which is currently only available until the end of 2021.
Website: https://portomontenegro.com/