Residence permit for real estate in Montenegro: already a reality
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Residence permit for real estate in Montenegro: already a reality
On November 3, 2015, a law comes into force, under which all foreign owners of housing in Montenegro can obtain a residence permit for a period of 1 year, regardless of its value.
The residence permit may apply to owners of houses, summer houses, apartments, commercial facilities and hotels.
According to unconfirmed data, to obtain the residence permit you will need:
- application to MUP (Ministry of Internal Affairs), signed personally
- white cardboard - registration in the tourist organization of Montenegro, within 24 hours upon arrival in the country
- international medical insurance for 40 days
- confirmation from your personal bank account of the presence of a minimum of 3650 euros for each member of the family (at a rate of 10 euros per day) or an application from a person who will ensure the maintenance for an annual period, certified by Notaris
- valid international passport
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