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Get Temporary Residency in montenegro

How to Get Temporary residency in Montenegro

How to get temporary residency in Montenegro.

Temporary Residency in Montenegro: Montenegro is a small country located in southeastern Europe. It offers various advantages for individuals seeking temporary residency, including a mild Mediterranean climate, affordable living costs, a relatively low crime rate, and stunning natural beauty. Obtaining temporary residency in Montenegro is a straightforward process with a few different options, depending on your circumstances.

Advantages of obtaining temporary residency in Montenegro
  • Affordable living costs: Compared to other European countries, the cost of living in Montenegro is relatively low, making it an attractive option for individuals looking to save money.
  • Mild Mediterranean climate: Montenegro enjoys a warm Mediterranean climate with long, hot summers and mild winters, making it a popular destination for tourists and expats alike.
  • Stunning natural beauty: With its rugged mountains, crystal-clear waters, and sandy beaches, Montenegro is a nature lover’s paradise.
  • Low crime rate: Montenegro is considered to be one of the safest countries in Europe, with a low crime rate and friendly locals.
  • Favourable TAX rates.

Temporary Residency can be obtained in the following ways:

Investment: One of the easiest ways to obtain temporary residency in Montenegro is through investment. This can include investing in real estate, opening a business, or investing in a government-approved project. 

Employment: If you have a job offer from a Montenegrin employer, you can obtain temporary residency by providing proof of employment and a work contract. Since receiving a job offer in Montenegro is extremely hard for foreigner, the best option would be to form your own company in Montenegro and employ yourself. Also not that for purchasing vacant land,  some nationalities have to form a company to be able to purchase the land. this would mean you would have to apply for temporary residency through employment and not investment. Not to worry we can help with that too. have a look under the info hub tab for company formation info or click here.

Student: If you are enrolled in a full-time course of study at a Montenegrin university, you can obtain temporary residency by providing proof of enrollment and financial means to support yourself.

Temporary Residency through investment (Purchasing property)

Can a foreigner buy property in montenegro? ABSOLUTELY YES! It is one of the easiest ways to obtain residency in Montenegro and there is no minimum investment value. There are very few restriction on foreigners and the property they buy. The most notable are the property needs to be a structure you can live in and guided by the Ministries guidelines. It needs to be “liveable” in terms of the government regulations. An old ruin with no roof and walls for example, will not be accepted, but can be renovated and then you should be good to go. All properties we list whit a “Temporary Residency Qualifier” feature is accepted. 

We ensure you are informed on all properties purchased through us, and walk with you every step of the way to protect your interest, investment and money. There is no regulations for real estate agents so be careful on who you use and trust. We work with the sellers closely and an attorney (who we can recommend to you), to ensure all legalities of the sale are met, paperwork is in order, and ensure the structure built is legal and listed on the List Nepokretnosti or Posjedovni List, basically the title deed (with the council. 

We make sure your dreams don’t become a nightmare! We are property brokers as well, so should you not find the ideal property for you, get our property scouts to go find it for you. This reduces your risk and we know where to look. We have collaborated with local property developers and agents so we have access to more properties across Montenegro. By working with us you are still protected but have access to a wider range to cater for various tastes and budgets. 

Steps to obtaining Temporary Residency through investment are as follows:

Type C (Tourist Visa)

Depending on which passport you hold will determine where to start. If you require a C visa to enter Montenegro (for example a South African passport holder), you will have to apply for one before you can enter Montenegro and apply for temporary residency.

Police Clearance

You will be required to submit a police clearance certificate from your home country. This will need to be apostlled in the issuing country and needs to be valid at the time of your temporary residency application. The procedure may differ from country to country as well as rules relating to validity. 

Proof of Ownership of Property in Montenegro

Ask your lawyer or the notary who was responsible for the purchase of your property for original List Nepokretnosti or Posjedovni List (title deed). This will be required as proof that you indeed own 50% or more of the property through which you are applying for temporary residency through.

Medical Insurance

 You will be required to submit proof of medical insurance. Unfortunately not all insurance companies are accepted so we advise you to use a Montenegrin company which we can advise you.

Proof of Funds

You will not be able to be employed in Montenegro if you apply for Temporary Residency through property as it won’t include a work permit. You will therefore have to prove you have sufficient funds to support yourself for the duration of your temporary residency (renewed every 12 months). This amount changes from time to time but as on February 2023 the amount is EUR3,800.00 per applicant. This will have to be deposited in a Montenegrin Bank Account in your name (this may vary at the Municipality in which you are applying). There is a catch as many banks will require you to have at least temporary residency to be able to open an account, but there are banks willing to help which we can provide you with the information.

Copy of Travel Documents

You will need to make a copy of your passport information page, as well as entry stamp and visa (if applicable).

Tourist Tax Registration

 You will need to register with the tourist office in Montenegro within 24 hours of arrival in Montenegro. If you own property you will be able to take the necessary documents and you will not have to pay any fees. If you don’t yet have these papers or will be staying in rented accommodation you will unfortunately need to pay the tourist tax. If you are staying in a Hotel this will be arranged for you. If your hotel or your host is registering on your behalf or not doing it yourself it is very important to keep the A4 white tax page from the tourist office. This is very important as each person applying for temporary residency will need to submit this paper with their application.

Its advisable to use a local representative when submitting your application, we can provide you with a contact if you need. 

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