About Montenegro and How can you draw-up a residence permit in Montenegro?

Montenegro is one of the fastest growing economies in the Balkans, is quickly becoming a key destination for some of the most important industries around the globe, and offers a truly unique potential for investors who are seeking mobility, safety, opportunity, and increased quality of life.

Montenegro, which will soon become a member of the EU, offers very loyal conditions to the foreigners for obtaining residence permits and registration of permanent residence in this country is possible after five years of permanent residence. Citizenship can be obtained after another five years.

Montenegro’s advantages compared to many other European States:

• Euro (€) – as official and reliable currency.
• Dynamic economic growth and development.
• Fast and easy business start-up.
• Low fees for business registration process.
• Low taxes: %9 income / corporate tax, %21 – VAT.
• Authorized capital under the laws of Montenegro may be just 1 €.
• Residence permit is provided to all business owner applicants.
• Foreigners and citizens are subject to same rights with regards to investments.
• Liberal visa regime – Montenegro is a candidate member to EU.
• Unique and close location – just 1,5 hours away from Europe and Asia.

If you open a company (firm)…

CityScope Real Estate Investment Company suggest you obtain a residence permit based on the registration of a legal entity in Montenegro.

The application for a residence permit in Montenegro has to conatin the following documents:

• Copies of each page of your passport;
• Valid medical insurance covering a 30 days period;
• Certificate of no criminal record in your country of origin;
• Proof of paying the residence permit fee of 25 EUR.
• Proof of property ownership (buying/selling contract)
• A bank receipt attesting a bank deposit of 3650 EUR into a Montenegrin bank – this amount is considered sufficient funds to remain in Montenegro;
• Proof of registration with the local police in Montenegro – this is compulsory within the first 24 hours after your arrival in Montenegro;

If you buy a real estate…

The application for a residence permit in Montenegro has to contain the following documents:

• Proof of paying the residence permit fee of 25 EUR.
• Proof of registration with the local police in Montenegro – this is compulsory within the first 24 hours after your arrival in Montenegro;
• Certificate of no criminal record in your country of origin;
• Valid medical insurance covering a 30 period – Copies of each page of your passport;
• A bank receipt attesting a bank deposit of 3650 EUR into a Montenegrin bank.
• Proof of property ownership (buying/selling contract);

This temporary residence permit can be extended annually and can be obtained only by the following categories of owners: of houses, apartments, Montenegrin companies, hotels, restaurants and holiday homes, regardless of the value of property or business.

Property in Montenegro gives the owner the right to apply for temporary residence. However, it is not grounds for permanent residence.

City Scope Real Estate Investment Company team specialists in company registration in Montenegro; can help you set up a company. Or also our brokerage team can find you the best property. Then we can apply for a residence permit to your name.

As City Scope Real Estate Investment Company; we will be pleased to assist you with residence permit in Montenegro.