Residency in Montenegro by Real Estate Investment

As in many other countries, real estate investment is the easiest option for Montenegro residency. On this page, you may find details about getting Montenegro residency by real estate investment.

How to Get Residence Permit in Montenegro by Purchasing Property?

You may get residency in Montenegro by owning at least %50 of a residential or commercial property. It is clearly the most popular and easiest application method for residency. In addition to this, you only need to have proof of sufficient funds and a clear criminal record.

Now let’s have a look at the all requirements for Montenegrin residency;

• Title deed that is not older than 7 days
• Valid passport
• Proof of at least 3,650 € deposited in a Montenegro bank
• Medical insurance by local insurer in Montenegro
• Apostilled criminal record certificate. It must be got from the home country and not be older than 6 months.
• Apostilled marriage certificate.
• Apostilled birth certificate for underage children. The biological father needed to be present or the applicant needs written approval.

*Note: If the applicant is a citizen of one of the following countries, they don’t need to get documents apostilled. These countries are; Algeria, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Czech Republic, France, Greece, Croatia, Iraq, Italy, Cyprus, Hungary, North Macedonia, Mongolia, Poland, Romania, Russia, and Serbia.

What Are the Advantages of Residency by Real Estate in Montenegro?

There are many advantages of getting residency in Montenegro by buying property. First, you will be granted a one-year residence permit. This permit can be renewable each year. After 5 years, you may apply for permanent residency. And after 10 years, you may apply for Montenegro citizenship.

In addition, you may benefit from the low cost of living in Montenegro. The costs are way cheaper than in nearly every European country. Also, if you spend more than 183 days in a year in Montenegro, you become automatically a tax resident.

Tax rates in Montenegro are one of the lowest in the whole world. The tax rates in Montenegro are from %9 to %15. So, you have another advantage if you get a residence permit.

Furthermore, real estate prices in Montenegro are increasing. So, your property will gain value while you already benefitted from the residence permit. It means your property may become also an investment asset in the future.

At last, there are many numbers of quality real estate project in Montenegro. You may freely choose one of them for your next investment in this country.

What Are the Other Details of Residence Permit by Real Estate in Montenegro?

The most important detail about this residence permit is that you will not be granted a work permit. After getting a residence permit by purchasing property, you should transform it into a permanent residence permit to get a work permit.

It may be considered a downside, but when compared to advantages, it is not really a matter. Being a resident permit holder in Montenegro has numerous advantages. Your family can also get a residence permit with the family reunification.

In addition to living, you may use your property as an investment. Or, you may directly purchase a commercial property. The average minimum rental income in Montenegro is %3. So, you will get a high investment potential already.

How to Get Montenegro Residency Easily?

You may contact the professionals of Tekce Visa to easily get a residence permit in Montenegro. Our team of experienced lawyers will complete your application in the easiest and quickest way possible.

Today is the right time to choose the next step in your life. In this whole process, the expert team of Tekce Visa will guide you through each stage. Contact us today to benefit from the comprehensive services of Tekce Visa.