Details and benefits of a residence permit in Montenegro by the purchase of real estate

Description

Reviews

Program details

Montenegro is one of the touristic hubs and is about to become a member of the EU by 2025. It attracts foreigners by political stability, rapidly developing economy and the prospects that will open after the entry into the European Union. If a citizen of another country buys any property in Montenegro, they can get a residence permit. The validity of the residence permit is 1 year and upon its expiry the status can be extended.

The benefits of the program

No requirements to the value and location of the object to be purchased

Permission to purchase both residential and commercial real estate

Residence in a safe country, which is a member of NATO

Opportunity to apply for a residence permit for a spouse and children of the applicant

One of the lowest income taxes in the world with a rate of 9 to 11%

Available loans in banks of Montenegro

Types of real estate for investment

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Family House

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Country House

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Villa

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Apartment

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Hospitality Property

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Office Space

Real estate options in Montenegro

1 of 4 photo

Apartments Boka Place Mistral, Montenegro, 87 m2

Jadranska magistrala, Tivat, Montenegro

500 000 EUR

Requirements to applicants

18 years old and over;

ownership of real estate in Montenegro;

having enough means of subsistence;

opening an account in one of the banks in Montenegro;

health insurance;

no criminal record.

List of documents required to obtain a residence permit

A valid international passport;

birth certificate;

proof of ownership of real estate in Montenegro;

certificate of no criminal record, issued not earlier than six months ago;

bank statement, confirming the existence of funds in the account;

marriage certificate.

Steps of applying for a residence permit

1.Selecting and buying real estateIndependently or with the help of a migration agent, the applicant finds a suitable property in Montenegro and buys it.

2.Preparation of documentsAfter consultation with subject matter expert, applicant collects required documents.

3.Submitting an applicationThe applicant goes to Montenegrin police station with the application for residence permit.

4.Getting residence permitAfter the immigration office reviews the application, the applicant receives a Privremeni Boravak (temporary residence permit).

Apply for a residence permit in a country on the Adriatic coast