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Montenegro residence by investment

The residence in Mauritius when buying real estate is a programme that allows you to move to an island with a favourable climate and a high living standard
Amount of investment
there is no minimum investment threshold set by the state
Validity period
1 year

Montenegro residency by investments

You can participate in this programme for investing in the country's economy. There are two available options for foreign citizens:

  1. Real estate: the minimum value of the object is not set. The main condition is that the housing or commercial property must be free of encumbrances.
  2. Investing in a company: the investor needs to register a local company. It will also be necessary to open a bank account and purchase/rent long-term housing.

The main requirements for the applicant include no criminal record and a proven source of income. The programme can include the following family members in the application:

  • The spouse.
  • Children under 18 years of age.

There is no minimum threshold for investment in real estate set by the state government. However, the purchased object must not have any encumbrances, i.e., it cannot be mortgaged, all taxes must be paid, there must not be any legal proceedings related to the premises, etc.

The procedure of registering a residence permit lasts up to 6 months. This period includes submitting documents, checking for compliance with the requirements and making a decision. The initial card is issued for 1 year, after which it can be extended if you continue to fulfil your investment obligations. After 5 years of living under the residence permit, you can apply for the status of a resident of the country (permanent residence permit).

Benefits of a Montenegro residence permit

Residence without restrictions on the number of days per year

Easy way to obtain residence permit

The opportunity to submit an application for citizenship in Montenegro

Free access to the banking system

Business opportunities

The opportunity to live, work, study in a developed country

Tax optimisation

Favourable climate and high standard of living

Visa-free travel with countries

Norway
Norway
Switzerland
Switzerland
Germany
Germany
France
France
Spain
Spain
Sweden
Sweden
Finland
Finland
Netherlands
Netherlands
Singapore
Singapore
Austria
Austria

Residence permit requirements in Montenegro

To participate in the Golden visa in Montenegro programme, the following requirements apply to the candidate:

  1. Investments: there is no minimum threshold. You can open a company, from the activities of which you will need to pay taxes, or purchase local property.
  2. Age and status: the investor must be of legal age (18 years of age and older) and confirm the legality of the origin of funds.
  3. Legal compliance: the applicant must have no criminal record and not be under sanctions.
  4. For family members: the programme covers the investor and immediate family members such as the spouse and children under the age of majority.

Documents for applying for residency in Montenegro

It is not difficult to get a residence status in Montenegro if you fulfil the investment conditions and provide the following documents:

  1. Passport: a copy of a valid passport.
  2. Marriage and birth certificate of children: if there is a family.
  3. Bank statement confirming the availability of funds.
  4. Health insurance: covering all health risks.
  5. Proof of residence in the country: rental agreement or property certificate.
  6. Financial documents: proof of source of income and financial solvency.
  7. Certificate of criminal record.

The process of obtaining residency by investment in Montenegro

1 week

Pre-verification

The first step in your process of immigration to Montenegro will be the pre-verification. The investor must ensure that he or she fits the legal requirements of the country. The absence of criminal records and sanctions will be checked, as well as financial security. At the same stage, it is also worth familiarising yourself with the property market to choose a suitable property to invest in if you plan to move to Montenegro by purchasing real estate.

Up to 4 weeks

Document preparation

After passing the preliminary check successfully, you should prepare all the necessary documents: passport and birth and marriage certificates, financial papers, health insurance, statements and certificates confirming the legality of the source of funds.

Up to 4 weeks

Buying property

The next step is the direct purchase of real estate. The candidate should choose an object that meets his/her requirements and budget and fits the conditions of the programme. The following step is to conclude a contract of sale and make payment. It is important to make sure that all legal formalities are complied with and that the property is registered in the name of the investor. At this stage, you may need the assistance of a local lawyer or realtor.

2 to 6 weeks

Applying for residence permit

After purchasing an object and preparing all the necessary documents, you can submit a final application to the local office of the Migration Service. It is necessary to enclose all the prepared documents and fill in the relevant forms. The application process may take several weeks, during which the Migration Service checks the data provided.

Up to 4 weeks

Obtaining a residence permit

After a successful application for Montenegro residency by buying property, the investor receives a residence permit. It is usually issued for 1 year, with the possibility of renewal.

30 days before

Renewal of residence permit

To extend the residency in Montenegro, it is necessary to apply for a renewal and complete the new card at least 30 days before the expiry of the current permit. The investor must confirm that they continue to own the property and comply with all the conditions set out in the legislation. Updated documents such as a criminal record certificate and health insurance will also be required. Renewal of a residence permit is usually quicker than the original one, provided that all requirements are met.

FAQ

What is a boravak?

It is a temporary residence permit that allows foreigners to stay legally in the country for a certain period. Boravak can be issued for a variety of reasons including employment, study, family reunification or property investment. A temporary residence permit is usually granted for 1 year with the possibility of renewal.

What is the cost of a residence permit in Montenegro?

The cost of a residence permit in Montenegro is made up of the cost of buying a property or starting your own company. Additional costs include legal fees, document preparation and administrative fees.

How to get residency in Montenegro?

You need to choose a suitable basis, e.g., property investment, prepare all the necessary documents, submit an application to the local office of the migration service and wait for its consideration.

What does a residence permit in Montenegro provide?

A residence permit gives foreigners the right to legally reside in the country, to do business, to receive medical services and to send their children to study in local schools.

Who can apply for a residence permit in Montenegro by investment?

A residence permit in Montenegro by investment can be obtained by foreign citizens who have opened a company or have purchased property without encumbrances.

How long do I have to live under a residence permit to obtain a Montenegro passport?

To obtain Montenegrin citizenship, you need to have lived in Montenegro for at least 10 years based on a temporary residence permit or permanent residence permit. It is important to comply with the law and have a stable income. After 10 years on the territory of the state, you can apply for naturalisation and go through the appropriate procedure.

What do I need for Montenegro's permanent residence permit?

To obtain permanent residency in Montenegro, you need to live in the country based on a temporary residence permit for at least 5 years. You will also need to provide documents confirming stable income, absence of criminal record and availability of housing.

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