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The problem with Montenegro for someone that needs to travel a lot is actually maintaining the residency permit. Montenegro has extremely strict physical presence requirements to maintain residency.
@@traveleconomics If you obtain Montenegro residence permit through real estate you have to spend min 9 months in a year there but if you obtain a residence permit being the director of your company, you can just stay less than a month in a year to maintain residency (SOURCE : personal experience)
Hi, thank you for this video. Greece and Turkey are not on my list, but the other countries look interesting, However = can you explain about the minimum and maximum number of days per year that one must stay in each country to keep his residency rights ?
Thank you so much! Serbia is my best option. As long as I can buy property through real estate with alot of hiccups. It should be great business. I can't wait for my trip to Belgrade mid year 2022!😁😁😁😁
That's not correct. It depends on your citizenship. Most citizens of countries with a free economy and free ownership rights to foreigners can also buy property in the balkans and become owners as individuals without opening a company.
@@shehleeza it is because Pakistan restricts foreigners to buy property in Pakistan. If foreigners could invest in real estate in PK without restrictions, you'd be able to invest in real estate in Bosnia.
reat video loaded with information. Been thinking about Portugal / Spain. Getting a visa towards a PR but becoming a Tax resident is not very interesting option. The countries you mentioned here seem to be attractive. Albania as first choice because easy to travel other countries in EU area, and 2nd option Turkey. If properties are cheaper why not buy a 1 br condo in both countries and shuttle between the two countries. Saw vlogs on Tirana and seems like a good oprion in Albania. Can you do a video on the Tax implication of staying in the counrtries you mentioned for US citizens.
I think not that much. Let's say that in Croatia I do not see any room for appreciation (apart from inflation), a little bit of room for appreciation in MNE and much more room in Albania.
@@traveleconomics thanks for your response but don’t you think this invalidate the whole point of getting residency in those countries as the resident will be taxed worldwide. The main purpose entrepreneur seeking for second residency is that they don’t want to be taxed worldwide income while they are living there. Would be great if you could make a video about countries that have territorial tax system like Panama for example where residency is easy to be obtained. Thanks again for great videos you make
@@Alex-lk6yv It depends on your individual situation. If you are paying 40% taxes on your income in your current country and you can move to Montenegro and pay 9% on your worldwide income instead of 40%, it is quite a good deal.
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If anyone here are thinking to do this, go for it. We ask Travel Economics for help and now we're doing papers to move to Bosnia 🙏🏻
Thank you for the review! Hablamos pronto!
Thank you so much for this video! Buying in Turkey or Albania is a goal of mine.
thank you for watching!
In all those what are the minimum cost or there is no minimum cost of property prices
from 40-50k USD to get something decent.
@@traveleconomics ok but no minimum cost for the residency paperwork wise in case less than that ?
If I buy property in Albania, how many years is that residency permit good for??
1-3 years depends
Turkye, Bosnia and Albania
And Montenegro
Turkey is a lovely place and I loved my time there. The current situation is worrying but over the long term it’s my first choice on your list
Totally agree!
The problem with Montenegro for someone that needs to travel a lot is actually maintaining the residency permit. Montenegro has extremely strict physical presence requirements to maintain residency.
yes, you are right. You either travel a lot or spend all the time there to keep renewing it.
@@traveleconomics If you obtain Montenegro residence permit through real estate you have to spend min 9 months in a year there but if you obtain a residence permit being the director of your company, you can just stay less than a month in a year to maintain residency (SOURCE : personal experience)
Wow.. awesome views!💚💙
Hi, thank you for this video. Greece and Turkey are not on my list, but the other countries look interesting, However = can you explain about the minimum and maximum number of days per year that one must stay in each country to keep his residency rights ?
Thank you so much! Serbia is my best option. As long as I can buy property through real estate with alot of hiccups. It should be great business. I can't wait for my trip to Belgrade mid year 2022!😁😁😁😁
Balkans ask for business registration first and then we can register our house their. 😞😞😞😞
That's not correct. It depends on your citizenship. Most citizens of countries with a free economy and free ownership rights to foreigners can also buy property in the balkans and become owners as individuals without opening a company.
@@traveleconomics I have permanent residency of Germany but cannot buy a property in Bosnia, Because I have passport of Pakistan. 😞
@@shehleeza it is because Pakistan restricts foreigners to buy property in Pakistan. If foreigners could invest in real estate in PK without restrictions, you'd be able to invest in real estate in Bosnia.
Is it worth Learning Turkish Language in 2022?
yes!
reat video loaded with information. Been thinking about Portugal / Spain. Getting a visa towards a PR but becoming a Tax resident is not very interesting option. The countries you mentioned here seem to be attractive. Albania as first choice because easy to travel other countries in EU area, and 2nd option Turkey. If properties are cheaper why not buy a 1 br condo in both countries and shuttle between the two countries. Saw vlogs on Tirana and seems like a good oprion in Albania. Can you do a video on the Tax implication of staying in the counrtries you mentioned for US citizens.
thank you for the feedback, will definitely try to add more tax implications on the next videos.
Turkey
What can you say about the Serbian coastline?
Currently it doesn't exist. Maybe it will exist again in the future.
How much does the other purposes visa cost?
Please could you let me know current situation
Thanks
pretty much unchanged.
Does UK have reciprocity with Serbia?
I believe so.
Is there any price appreciation room for property in Montenegro ?
I think not that much. Let's say that in Croatia I do not see any room for appreciation (apart from inflation), a little bit of room for appreciation in MNE and much more room in Albania.
Are those countries under territorial tax systems?
No, residents are taxed on their worldwide income.
@@traveleconomics thanks for your response but don’t you think this invalidate the whole point of getting residency in those countries as the resident will be taxed worldwide. The main purpose entrepreneur seeking for second residency is that they don’t want to be taxed worldwide income while they are living there. Would be great if you could make a video about countries that have territorial tax system like Panama for example where residency is easy to be obtained. Thanks again for great videos you make
@@Alex-lk6yv It depends on your individual situation. If you are paying 40% taxes on your income in your current country and you can move to Montenegro and pay 9% on your worldwide income instead of 40%, it is quite a good deal.