Gold visa to Montenegro: what are new rules given to us?
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Gold visa to Montenegro: what are new rules given to us?
In 2015, the procedure for moving to Montenegro has officially changed: now, if you have bought a property in Montenegro, you get an annual residence permit with all the consequences.
This law has been discussed for a long time, and since November it has come into force: a gold visa to Montenegro has become available to owners of the following objects:
- house
- country house
- villa
- apartment
- cottage
- restaurant real estate in Montenegro
- entertainment objects
- office buildings
A golden visa to Montenegro gives you the right not only to live in Montenegro for a year, but also without special problems to extend your residence permit annually (or for another year or for the validity of your passport)
Documents for obtaining a temporary residence permit:
- a certificate that you are the owner of housing
- Montenegrin medical insurance policy for at least forty days
- deposit (not necessarily yours, you can also guarantee) for 3650 euros
The order of registration of residence permit for real estate:
- Application to the Ministry of Internal Affairs
- a copy of the certificate of possession of housing, which was received no earlier than six months before the date of application
- Confirmation of temporary registration in Montenegro
- a copy of the medical insurance policy (personal or from the Montenegrin company)
- a certificate from the bank on the availability of a deposit
- receipt of paid fees (3pcs)If you sell your property, a gold visa to Montenegro is automatically canceled.
So, the gold visa to Montenegro - the pros and cons:
- The country is not included in the Schengen register, therefore, in Europe you can not move in this status (although you can apply for Schengen in the territory of the country)
- The right to education, work and business given residence permit does not give
+ You can use any banking services
+ Your stay in the country is not limited to 3 months
+ In practice, banks willingly give foreigners with temporary residence permits loans
In a word, a temporary residence permit on the territory of Montenegro gives you a number of advantages, which, of course, do not put you on a par with the citizens of the country, but include the green light on the freer implementation of many operations and actions. If you are smart, you can use this status to quickly get a Schengen, travel through Europe or open a promising business in Montenegro. So far, real estate here is relatively inexpensive, so it's not necessary to pay dearly for a way of life close to the European one.
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