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Herceg Novi, Montenegro 🇲🇪
#1079 ,

Nomad Score: 63%

Essentials

🏙️ City Herceg Novi is a coastal town located in the Bay of Kotor, known for its historical architecture and vibrant Mediterranean atmosphere.
👥 Population Around 20,000 residents.
💻 Internet Speed Average internet speed is about 50 Mbps with options for fiber optic in some areas.
💸 Currency & Banking Currency is Euro (1 EUR ≈ 1.07 USD). Banks such as OTP Bank and Erste Bank operate here.
🚰 Tap Water Drinkable; however, bottled water is commonly used.
🔌 Power Electricity is 230V, 50Hz, with standard Type C/E sockets.
📶 SIM Card Providers include Telenor and mts, with competitive prepaid plans available.
💳 Banking for Expats Revolut and local banks such as Hipotekarna Banka are widely accepted.
🛌 Accommodation Platforms such as Airbnb and Booking.com offer a variety of options ranging from apartments to houses.
💳 Cashless Friendly Yes, cards are widely accepted, but cash is also preferred in local markets.
🏠 Short Term Rentals Airbnb and local rental agencies provide short-term accommodations.
🛏️ Budget Accommodation Hostel Monika offers dormitory beds starting from €15 per night.
🏙️ Best Area to Stay for Tourists The Old Town (Stari Grad) is popular for its cobblestone streets and charm.
🏙️ Best Area to Stay for Digital Nomads The district of Savina, close to cafes and coworking spaces, is recommended for longer stays.

Working and Networking

🏢 Best Coworking Space Coffice Herceg Novi provides a comfortable workspace with reliable internet and a community atmosphere.
Best Cafe for Work Café Stari Grad offers a quiet environment with good coffee and Wi-Fi.
💼 Networking Events Meetup groups and coworking space events are organized periodically, often advertised on Facebook.
🥂 Social Events for Expats The Herceg Novi Expats group on Facebook hosts regular gatherings and activities.

Transportation

🚕 Best Taxi/Ride App The Taxi Montenegro app provides reliable local taxi services.
🚲 Bike/Scooter Rental Montenegro bike rental companies are available for cycling around the coastal areas.
🏖️ Best Beach Nearby Miločer Beach is within a 15-minute drive and is popular for its clear waters.
✈️ Top Regional Airline Montenegro Airlines connects to various cities within the Balkans.
✈️ Top International Airline Air Serbia and EasyJet offer flights to major European destinations.
🛣️ Highway Access The E65 highway provides access to other major cities along the coast.
🚉 Main Train/Transit Hub The nearest train station is in nearby Bar, approximately 30 minutes by car.
🚍 Public Transport Passes Bus tickets can be purchased on board; monthly passes are also available for frequent travelers.
✈️ Regional Travel Buses run regularly to Kotor, Tivat, and Dubrovnik, with good connections.

Health and Wellness

🏥 Best Hospital Herceg Novi General Hospital is the primary health facility, offering emergency and routine care.
🧘 Yoga & Wellness Centers Studio Yoga offers various classes for all levels and wellness programs.
🏋️ Gyms & Fitness Centers Fitness Club Monte offers state-of-the-art gym facilities for fitness enthusiasts.
🧺 Laundry Services Laundry service providers like 'Fast Laundry' offer convenient services throughout the city.

Food and Drink

📱 Best Food Delivery App Glovo delivers food from a wide variety of local restaurants.
🍽️ Best Local Dish to Try Try 'Crni rižot' (black risotto) made from cuttlefish.
🍱 Vegan/Vegetarian Options Restoran Ponta offers a variety of vegetarian and vegan dishes.
🍫 Best Dessert Spots Caffe Mozart is well-known for its traditional Montenegrin desserts.
🛒 Affordable Shopping Spots Stop & Go supermarket offers a wide range of groceries at reasonable prices.
🛒 E-commerce/Online Store Local alternatives include kupujemprodajem.com for various products.
🛒 Grocery Delivery Online grocery services deliver fresh produce directly to your door.
🍸 Bar/Nightlife Area The promenade along Španjola Castle has various bars and nightlife options.
🍻 Local Brewery Hercegovačka Brewery offers tours and tastings, specializing in local beers.
🍷 Wine Bars Wine Bar 'Noblesse' features a selection of Montenegrin wines.
🍲 Street Food Stalls Local vendors sell fresh seafood and traditional pastries along the waterfront.
🍕 Popular International Cuisine Restaurants such as 'Cafe Bar Simo' serve a variety of international dishes.

Culture and Attractions

🎟️ Must-See Landmarks Fortress Kanli Kula offers stunning views and historical significance.
🏛️ Museums & Art Venues The City Museum of Herceg Novi showcases local art and history.
🏰 Historical Sites The clock tower and the Church of St. Michael are significant historical landmarks.
🕍 Religious Sites The Church of St. Jerome is a noted place of worship with beautiful frescoes.
🎉 Annual Events The Herceg Novi Carnival is held every spring, attracting visitors and locals alike.
🎨 Cultural Districts The Old Town is vibrant with galleries, artisan shops, and cafes.
🎭 Theater Venues Montenegrin Drama Theatre hosts performances and cultural events throughout the year.
🛍️ Local Markets Herceg Novi has a weekly farmers' market offering fresh produce and local goods.
🎼 Music Scene The annual Music Festival allows local and international artists to showcase their talents.
🎨 Street Art Various murals can be found in the Old Town, highlighting local artists.
🧑‍🍳 Cooking Classes Cooking experiences can be booked through local establishments for traditional Montenegrin cuisine.
👩‍🎨 Art Galleries Galerija Dvorana splits the focus between contemporary and traditional art.
🕰️ Historic Buildings Notable structures include the Serbian Orthodox Church and the former summer residence of the Boka Kotorska nobility.
🏴 Local Heritage The city's rich maritime history is celebrated in various museums and cultural events.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Mount Orjen offers hiking trails and breathtaking views of the coastline.
🏞️ National Parks Nearby Durmitor National Park is a few hours' drive and offers stunning landscapes.
🚲 Cycling/Walking Paths The coastal promenade stretches from Herceg Novi to Igalo, perfect for biking and walking.
🌄 Scenic Viewpoints Savina Monastery provides spectacular views over the bay.
🦉 Birdwatching Locations The wetlands around the Bay of Kotor are ideal for birdwatching, especially during migratory seasons.
🔥 Bonfire-Friendly Spots Designated areas near the beaches allow for bonfires, especially in the summer.

Other Services and Amenities

📦 Parcel Delivery Service DHL and local postal services provide reliable delivery options.
🛠️ Tech Repair Services Local shops provide mobile and computer repair services throughout the city.
🏓 Table Tennis Spots Community centers often have setups for table tennis.
🧑‍🏫 Language Classes Montenegro Language Institute offers courses for different proficiency levels.
📚 Libraries & Study Spots The main library is located in the city center, providing reading areas and internet access.
🏘️ Community Centers Cultural center 'Nikola Đurković' hosts various local events and workshops.
🕹️ Gaming Lounges Lan gaming centers can be found in the city offering a social gaming experience.
🎰 Casino & Gaming Halls Casino Royal provides a variety of gaming options and entertainment.

Business

🏢 Studio Purchase Price (City Center) Approx. €1,800 per m² (e.g., 40 m² = €72,000)
🏢 Studio Purchase Price (Outside City) Approx. €1,500 per m² (e.g., 40 m² = €60,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €1,600 per m² (e.g., 60 m² = €96,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €1,400 per m² (e.g., 60 m² = €84,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. €1,700 per m² (e.g., 80 m² = €136,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. €1,200 per m² (e.g., 80 m² = €96,000)
💼 Corporate Tax 9% corporate tax rate.
💵 Dividend Withholding Tax 9% on dividends.
🏦 Tax System Montenegro offers a flat rate income tax system.
📈 Highest Income Tax Bracket Maximum personal income tax rate is 9%.
🧾 VAT The standard VAT rate is 21%.
🌐 Controlled Foreign Company (CFC) Rules Yes, Montenegro follows CFC rules.
🏠 Property Tax Annual property tax is based on the market value of the property.
🏠 Property Transaction Tax Tax applied during property purchases is about 3%.
💻 Attractive Tax System for Digital Nomads 0% tax on foreign income for digital nomads who stay for up to 183 days.

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