Real estate and residence permit in Montenegro: several useful tips

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The new law on obtaining a temporary residence permit in Montenegro when buying real estate is not something that excited customers and revolutionized the housing market, but this pleasant nuance made investor sentiment and expert predictions more optimistic. True, it is necessary to use the law with the mind, which we will talk about further. The fact is that real estate and residence permit in Montenegro can become both optimal and very unprofitable investment of funds and other resources.

How does Montenegro compare favorably with its Western European neighbors?

- There is no limit price threshold. You will in any case get a residence permit in Montenegro, regardless of the value of your housing.

- It does not matter if you buy commercial or residential premises.

- The attendant conditions are very loyal. Monetary security is minimal (10 euros per day) and medical insurance is quite affordable.

The only thing you need to pay attention to is the legal purity of the object and the availability of all necessary documentation. In other words, real estate and residence permit in Montenegro will work for you, if the owner with the house (apartment, office) before you everything was decent.

What encumbrances can prevent you?

- debt

- unauthorized construction

- Mortgages

- tax problems

- figuring the object in legal proceedings

Of course, you can help speed up the process, but the decision can be delayed. So, if you are offered a fantastically cheap palace on the beach, do not be stingy for a good examination. You can get the so-called sheet of non-specificness in the cadastral body, but you should analyze the real estate specialist.

Real estate and residence permit in Montenegro is the only combination of investments and your rights to official residence here. You will not be able to buy the land of similar advantages, but you can build and apply right after the building registration. Only control the full legality of all activities.

As a potential temporary resident of Montenegro, you are most likely not to have problems if you are at odds with the law at home and did not have time to trouble yourself on the hospitable lands of Montenegro.

Documents for today are as follows:

- A fresh document on the right of ownership of housing

- Copy of the foreign passport, where there is a stamp on the last crossing of the border

- Translation of the passport into Serbian.

- Medical policy for at least a month

- Annual maintenance on the account in the bank (at the rate of 10 euros per day)

- A receipt that you paid the fee

The family is formed by the next stage after the owner. Automatically acquire this right spouse and minor children, the rest of relatives can enter into condominium and also get a residence permit. The sizes of shares do not matter.

A year, a month before the expiration of the temporary residence permit, you come with exactly the same package of documents and extend it for another year.

Of course, real estate and residence permits in Montenegro are not interconnected by default - you may well be just the owner of the housing.

Some tips:

- Choose liquid housing in Montenegro (it also happens to be cheap).

- Permit is only needed for those who are seriously going to live here, even a long stay in the country does not require such documents.

- If the object is not in the cadastre, refuse it, whatever explanation the owner has come up with.

- For construction, choose the areas on which it is formally permitted.

- If in your plans - permanent residence, you will soon get it through a work visa, than through real estate in Montenegro.
- Real estate and residence permit in Montenegro are convenient for those who plan without any problems to arrange children in school or kindergarten and register any vehicle.

- You can not travel in Europe without a visa in this status anyway.

This is an automatic translation.
Click here to read the publication in the original language.