How to get Montenegro
residence permit
for real estate
investments
ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤMany people were upset by the closure of the "golden visa" program in Montenegro, offering citizenship for the purchase of real estate. However, for foreign investors in real estate is still the possibility of obtaining a residence permit. Today’s process of registration of residency many will seem even more attractive. The minimum price of the object required for the subsequent obtaining of residence permit is not set, which means that you will be able to choose the most attractive option for yourself in terms of cost.
Many people were upset by the closure of the "golden visa" program in Montenegro, offering citizenship for the purchase of real estate. However, for foreign investors in real estate is still the possibility of obtaining a residence permit. Today’s process of registration of residency many will seem even more attractive. The minimum price of the object required for the subsequent obtaining of residence permit is not set, which means that you will be able to choose the most attractive option for yourself in terms of cost.
term — 1 year with the possibility of extension
Obtaining a temporary residence permit, or Boravac in Montenegrin, on the basis of real estate ownership became possible after the adoption of the Law on Foreigners in 2015. According to the document, real estate owners can obtain a temporary residence permit for a period of one year, with the possibility of extension. It is possible to extend the residence permit an unlimited number of times as long as the property is owned.
claimed by the property owners
Owners of not only residential real estate (private houses, villas, apartments), but also commercial properties (hotel and restaurant business, various premises) can apply for a boravac. Moreover, according to the latest version of the "Law on Foreigners", even owners of half of the property are eligible for a residence permit.
After obtaining a real estate residence permit, the family members of the property owner’s family — spouse and minor children — may also qualify for boravac on the basis of family reunification.
the purchase of a land plot does not entitle a person to a residence permit. However, it is possible to claim a boravac after building a house on it
The property, of course, must not have such encumbrances as mortgages, lack of a building permit, disputed title to the property in court, tax arrears.
Who can apply
this type of residence permit does not grant work authorization
A temporary residence permit allows you to stay in Montenegro for an unlimited amount of time during the year.
With a residence permit for real estate can also open accounts in a Montenegrin bank, arrange a loan on favorable terms, give children in free kindergartens and schools, register vehicles in your name.
Boravac makes it much easier to obtain a Schengen or US visa.
What does it give
permanent residence permit is issued for a period of five years. A foreigner who has lived legally in Montenegro for ten years is entitled to apply for citizenship
It is possible to apply for a long-term residence permit after five years of ownership of real estate. During this time, the applicant can stay outside Montenegro for no more than 10 months in total, or no more than six months continuously.
A new draft law drawn up by the Montenegrin Ministry of the Interior on amendments to the "Law on Foreigners" has frightened many Russians. In particular, because it involves stricter requirements for the extension of residence permits. But we are talking only about those who chose the scheme of legalization in the country through the opening of the company. Real estate owners will not be affected.
Obtaining residence permit and citizenship

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