Residence permit in Serbia for investment in the economy
A residence permit for real estate investments in Serbia is a popular option among foreign investors. This is due to the relatively simple conditions and the absence of strict requirements for the minimum value of housing. Foreigners are allowed to buy objects in the republic if its citizens can do the same in their country, which ensures the principle of reciprocity.
To get a visa, you must buy a residential property: a flat, house, villa, etc. Such types of residence permit in Serbia are valid for 1 year. To extend it, you must stay in the republic for at least 183 days a year and remain the property owner.
The cost of residence permit in Serbia does not include the minimum price of a flat or house, making this process affordable for many investors. However, additional costs, including notary services, registration fees, and health insurance, must be considered.
Conditions to get a residence permit in Serbia
To obtain a permanent resident card in Serbia, the applicant needs to:
- Be over 18 years of age.
- Buy a residential property.
- Be a citizen of a country that respects the principle of reciprocity.
- Prove their financial solvency.
- Obtain health insurance.
- Register their place of residence.
Documents to obtain a residence permit in Serbia
You can apply for a Serbian residence permit by submitting:
- Application form.
- Passport or identity card.
- Photographs.
- Documents that prove the ownership of housing.
- Proof of funds.
- Health insurance.
- A receipt with the payment of the administrative fee.
Registration of residence permit for family members
It is possible to move to Serbia with relatives. Holders of a temporary residence permit can include in the visa the closest family members, including:
- Spouse.
- Partner.
- Unmarried children under 18.
- Parents or adoptive parents.
To recap, documents may be submitted with the main applicant's application or during the validity of the visa. The duration of residence of relatives cannot exceed the duration of the residence permit of the Serbian investor. This ensures that all family members are considered, and the process is transparent and straightforward.
Renewal of residence permit and citizenship registration
Initially, the visa is issued for 1 year. Renewal of residence permit in Serbia is possible an unlimited number of times if the holder fulfils the conditions under which the document was issued. The resident must retain real estate ownership, submit documents on time, and lead a law-abiding lifestyle.
After 3 years with a residence permit, you can apply for a permanent residence permit. To be eligible, you need to be officially in the country. The process allows for flexibility, as you can be absent from the country repeatedly for up to 10 months during this period, or once for up to 6 months during 3 years.
You can apply for a Serbian passport and citizenship immediately after obtaining a residence permit. A Serbian passport allows you to live there with your family and travel to many European countries without a visa.
