andrew henderson menu

Andrew Henderson

Founder of Nomad Capitalist and the world’s most sought-after expert on global citizenship.


What we’re all about


Meet our 80+ global team


We’re here to serve you


Your questions answered


Read our testimonials


Get free email updates



Our flagship service for entrepreneurs and investors


Create your Action Plan directly with the Mr. Henderson himself


Claim a second passport based on familial connections


Click here to see all our products and services


Discover the world’s best passports to have in an ever-changing world


Explore the citizenship options using our interactive citizenship map


Explore the tax details for countries using our interactive tax map


Click here to see all of our research and interactive tools


Learn from a curated “Who’s Who” of business speakers from around the world, get our latest R&D updates, and rub shoulders with successful people from all corners of the world.


Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified,
global citizen in the 21st century… and how you can join the movement.


6 Best Places to Live in Montenegro for Expats 

Fallback Image

In this article, we will walk you through different places you might want to consider if you want to live in Montenegro and enjoy a luxurious lifestyle. 

It’s ridiculously easy to plant your business flag in Montenegro. The country lets you set up a company with almost no hassle. 

Moreover, they have the appeal of single-digit corporate and income tax rates in Europe.

But the cherry on top of all that is that Montenegro is simply a great place to spend at least part of your year. Want to build a second home in this beautiful country? Set up a call with us today to make that dream a reality.

Where to live in Montenegro for a Luxury Lifestyle

Where Not to Live in Montenegro

We like Montenegro for many reasons. We like countries that decide to have only a 9% tax rate. We like countries that let people start companies with a mere 1 euro. We like countries that make things simple. 

That said, Montenegro is not a panacea. No country can ever offer you everything you need. That is why our mantra to “go where you’re treated best” involves diversification in many forms.

Montenegro, for example, may not be the best place for everyone to start a business, but it is an interesting place to go and spend some time. 

And while we will cover many of the places that you will likely want to visit, we will not be including locations in Montenegro’s north country. They are trying to develop Kolasin into a ski resort, and there’s also Nikšić and Cetinje (which they call the royal capital), but for most Westerners, these are not going to be interesting places to live. 

We would also not recommend the capital city of Podgorica in the south, which is probably the most boring capital city in all of Europe. The only time you will want to spend, there is the hour or two you must be at the airport before your flight leaves. 

With that said, here are the six best places to live in Montenegro:

1. Budva

Live in Montenegro Sveti Stefan Budva
The small islet of Aman Sveti Stefan, just six kilometers south of Budva, is a beautiful place to settle down if you’re looking for somewhere to live in Montenegro.

The best places to live in Montenegro will be along the coast. Probably the most popular area among foreigners is Budva. 

Budva has the nicest of the old towns because it’s so bright and sunny there. Budva is a bit touristy in the summer, though. Up until recently, they had 10,000 full-time Russian families living there – although some of them have left due to Montenegro joining NATO. 

But Budva has this kind of international vibe. 

You can live in the old town, or you can go down the beach just a little to Bečići, which is where the Hotel Splendid is located. And if you keep going down the beach about four kilometers, there’s Rafailovići, which is a bit more family-friendly. 

In this region, you will find beach areas, a little marina, luxury hotels, and luxury shops. The Dukley Gardens are especially beautiful and picturesque. 

You can find million-euro condos in this area, and more and more buildings are going up in Budva. 

If you like partying or a more international scene and want to live directly in the old town, Budva is where you want to go. 

2. Kotor

Impressive Kotor Bay
Kotor Bay is an impressive region along the Adriatic Sea full of sun, water, and mountain grandeur.

Kotor Bay (Boka Kotorska) is like a fjord where you have one side facing out to the Adriatic, and one side is enclosed. The UNESCO World Heritage Site of Kotor is located there, and there are a lot of cruise ship passengers that come in during the summers.

It’s a cute place to visit. Some people love living there and there are many beautiful places to walk around. 

If you go a little bit past Kotor, you reach Dobrota, which is a nice family area. Wealthy people can buy a nice house there. 

But if you keep driving along the outer parts of the bay, you’ll run into Orahovac, which is another area that we wouldn’t recommend going to if you’re coming to Montenegro for the first time. There aren’t as many amenities there. 

3. Perast

Perast Montenegro
Perast is a lovely town on the far end of Kotor Bay, perfect for those looking for a quiet place to live in Montenegro.

There are some up-and-coming areas in the far reaches of Kotor Bay, but most are not ideal locations for expats looking for a life of luxury.

The exception would be Perast.

Perast is a tiny UNESCO World Heritage Site on the opposite side of the bay. If you have a lot of money that you want to put into a home, this would be a beautiful place to settle down.

For the most part, however, we would recommend staying around Kotor of Dobrota, further inland to Muo, or north of that into Prcanj and Stoliv. 

Families tend to prefer the calmer side of the bay in towns like Prcanj. There are many local restaurants there, and it has more of a local feel. There’s a lot going on in the summer, but it’s still relatively calm. And then you have the placid waters of the bay that aren’t affected by the larger sea, all of which make for a great combination for a tranquil, luxurious lifestyle.

4. Tivat and Donja Lastva

Tivat Montenegro
Tivat offers a world-class yacht harbor to expats looking for a luxurious location to dock.

On the other side of Kotor Bay is Porto Montenegro, which is the only platinum-certified marina in Tivat with some of the most beautiful yachts harbored there. There are also plenty of pedestrian shopping areas, beautiful restaurants, and the five-star Regent Hotel. 

There is a kind of luxury vibe in Tivat, even more so than what you will find in Budva. 

Next to Tivat is Donja Lastva, which looks out to the wide-open sea. Both areas are also right near Tivat Airport, so it’s easy to just fly in if you’re coming from other places in Europe or Belgrade, and then it would be just a 5 to 10-minute drive to your house if you live in that area.

5. Herceg Novi

The land is more readily available (and cheaper) in Herceg Novi.

If you’re looking for something a bit more affordable that feels more local and has more services, Herceg Novi is closer to the Croatian border. 

It’s a cute old town.  Many people who like Croatia appreciate that it’s just a drive right over the border. 

It’s in the middle between the Tivat and Croatian airports. It’s not super convenient, but many Serbians like to go there.

You’re probably going to pay a little bit less in Herceg Novi. You can buy more readily available land, which is not available in the main areas of Kotor Bay.

Herceg Novi is cheaper, so if that’s what you’re looking for or you want something that’s a bit further out of the way, it’s a good option.

6. Ulcinj

Ulcinj near Albania
If you are considering Ulcinj, look into nearby Albania, where you’ll find a similar culture but cheaper prices than if you were to live in Montenegro.

The real wild card is Ulcinj, which is on the South Coast near the Albanian border. 

Ulcinj has more of an Albanian feel. The big plus is that it has a sand beach (a lot of people don’t realize that most of the beaches in Montenegro are rock beaches.)

While the government says that they like people to go and invest there, there are a few downsides. You’re halfway between Tirana Airport in Albania and Tivat Airport. It’s not really close to much of anything. It’s got a different vibe. 

If you think you want to live there, we would recommend going to Albania, which is much cheaper. 

Montenegro has much more of a European feel. They claim they are going to join the EU. 

It’s really a matter of what you’re looking for. Ulcinj is this wild card if you want something cheaper, something that’s closer to Albania. It’s a place the government is claiming that they’re putting some effort into. 

Reasons to Live in Montenegro

Montenegro is not the only place for affordable luxury living in Europe with beautiful beaches. In fact, Montenegro is not even a super cheap place. They use the euro, which means everything from groceries to land is going to be a bit pricier than other countries in the region, especially if you live along the coast or are there in the summer.

If you want better deals, places like Albania are up-and-coming and offer much better prices.

Even so, a lot of people over the years have been coming to Montenegro from Turkey, Russia, the UK, and Albania. 

Montenegro is a nice place because they are more business-friendly there than they are in Croatia or a lot of the other European beach hubs. 

Montenegro is trying to attract wealthy people to bring their money through measures like having no tax on yacht fuel. People will bring their yachts to fuel up, and they’re bringing their business to Montenegro. Overall, Montenegro is a great place to consider. If you are interested in seeing how Montenegro could fit into your holistic offshore plan, feel free to reach out for our help.


Sign up for our Weekly Rundown packed with hand-picked insights on global citizenship, offshore tax planning, and new places to diversify.


Get an Insurance Policy Against Your Government

Have options so that no one government controls you or your wealth. From strategic citizenship planning to real estate overseas, Nomad Capitalist has helped 1,500+ high-net-worth clients double their personal and financial freedom.

What do you want to accomplish?

Let us know your goal and we will tell you how we can help you based on your details.


We handle your data according to our Privacy Policy. By entering your email address you grant us permission to send you the report and follow up emails later.